£3.6bn bid for Royal Mail fails to impress the City

“Czech Sphinx” Daniel Kretinsky‘s £3.6bn swoop for Royal Mail’s parent company has failed to win over the City – despite the company’s board agreeing to the deal, writes John-Paul Ford Rojas. Shares in International Distribution Services rose 4.3pc, or 13.8p, to 335p on the announcement, still short of the 370p …

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Has privatisation been a success?

Saturday 01 June 2024 7:00 am Share Facebook Share on Facebook X Share on Twitter LinkedIn Share on LinkedIn WhatsApp Share on WhatsApp Email Share on Email But how has Royal Mail fared in the decade since it was sold into private ownership? Almost a decade after it was sold …

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Peppa Pig: Stamps to mark 20 years of the TV show

There are 12 new stamps that feature Peppa and her friends and family. Daddy Pig, Mummy Pig, little brother George and Suzy Sheep are just some of the popular characters on the new stamps. David Gold from Royal Mail said: “Peppa Pig, her friends and family have brought joy and …

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Czech Sphinx Daniel Kretinsky warns of Royal Mail ‘death spiral’ over six-days-a-week post… as results show the company is losing £1million a day

By Leah Montebello, Business Reporter Published: 19:37 EDT, 31 May 2024 | Updated: 19:53 EDT, 31 May 2024 Royal Mail is facing a ‘death spiral’ over its obligation to deliver post six days a week, according to would-be owner Daniel Kretinsky. The billionaire – nicknamed the Czech Sphinx – described …

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Canada Post reports C$76m loss in Q1 2024

Pre-tax revenue fell by C$76m (US$55.4m) in the first quarter of 2024 as revenues for parcels and transaction mail declined, Canada Post has reported. According to the post, the Q1 loss improved compared to the same period in 2023 due to the receipt of non-recurring dividends, partly related to the …

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