LONDON, England: The operation of the 500-year-old British Royal Mail, the UK’s postal service, has announced that it has accepted a $4.6 billion offer from Czech investor Daniel Kretinsky to operate the company’s day-to-day service. Plans called for Kretinsky EP Group to purchase International Distribution Services, which owns Royal Mail. …
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Proactive Investors – Chancellor of the Exchequer Jeremy Hunt said the promises made by Daniel Kretinsky not to break up Royal Mail (LON:) could be extended by the government. After his £3.6 billion takeover offer for International Distributions Services PLC was accepted this week, ‘Czech Sphinx’ Kretinsky’s EP Group has …
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The union that represents workers at Royal Mail has called for a new business model for the company that would see workers given a stake in the company and pay tied to growing services and meeting certain social benefits. Dave Ward, the general secretary of the Communications Workers Union (CWU), …
Read More »The union that represents workers at Royal Mail has called for a new business model for the company that would see workers given a stake in the company and pay tied to growing services and meeting certain social benefits. Dave Ward, the general secretary of the Communications Workers Union (CWU), …
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Chancellor Jeremy Hunt has urged regulators to rigorously scrutinise Daniel Kretinsky’s proposed £3.6 billion takeover of Royal Mail, amidst concerns about a potential break-up of the iconic postal service. Hunt emphasised the importance of extending the safeguards currently promised by Kretinsky beyond their initial periods. Speaking to LBC, Hunt highlighted …
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Czech billionaire Daniel Kretinsky pressed on with his buying spree this week as EP Group, one of his investment vehicles, finalised a deal to take private the owner of Royal Mail in Britain. Kretinsky, 47, a former investment bank lawyer who built one of Europe’s largest energy groups, Energeticky a …
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Daniel Kretinsky, the Czech billionaire poised to take over Royal Mail, has unveiled a transformative vision for the company, which includes a £400 million investment to establish a network of dropboxes and delivery lockers across the UK. This move could significantly impact tens of thousands of postal delivery jobs and …
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The board of Royal Mail's parent company has accepted a £3.57 billion offer to buy the group from Czech billionaire Daniel Kretinsky. If the deal goes … Source link
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About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He …
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The General Secretary of the Communication Workers Union has said the government should be stepping in and making demands about the future of Royal Mail. Dave Ward said it was wrong that the board members could potentially make a lot of money out of the sale of Royal Mail to …
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