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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The West Ham director made a formal submission of £3.57bn to International Distribution Services (IDS), which implies an enterprise value of around £5.3bn. This is an improvement on an earlier £3.1bn offer that IDS said significantly undervalued Royal Mail. If the deal is approved it means Křetínský’s EP Group would …
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Linklaters has advised BNP Paribas, Citibank, Societe Generale and UniCredit as mandated lead arrangers and bookrunners on the £2.85bn financing for the recommended cash offer by strategic investor EP Corporate Group, a.s. for International Distributions Services plc (IDS), valuing IDS’s share capital at c.£3.5bn and implying an enterprise value of …
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A leading City lobby group is calling on the next government to bring in scams legislation that forces big tech and social media companies to cough up to £40m a year to reimburse customers and fight fraud on their platforms. The demand came in a ‘financial services manifesto’ released by …
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Jeremy Hunt has called on regulators to closely examine guarantees given by a Czech billionaire behind a £3.6bn takeover of Royal Mail amid concerns the letter and parcel service could be taken apart soon after the undertakings expire. The legally binding guarantees include maintaining the the one-price-goes-anywhere Universal Service Obligation …
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Talks are still taking place between the council and Royal Mail over farmland in Patcham that could be turned into a distribution depot. But Brighton and Hove City Council said that the talks were commercially sensitive and would not say how much the Roya Mail might pay for a long …
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By Alex Brummer for the Daily Mail Updated: 17:01 EDT, 30 May 2024 Jeremy Hunt is having a good election campaign in difficult polling circumstances. He has forced Shadow Chancellor Rachel Reeves on to the back foot on VAT. His approach, however, to the impending disposal of the Royal Mail …
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By John-Paul Ford Rojas Updated: 17:00 EDT, 30 May 2024 Chancellor Jeremy Hunt has piled pressure on ‘Czech Sphinx’ Daniel Kretinsky after his £3.6billion bid for Royal Mail sparked fears over the future of the 508-year-old postal operator. Hunt said regulators should look ‘very carefully’ at five-year undertakings made by …
Read More »There are over 30 million UK postal addresses registered on the Royal Mail’s Postal Address File with new locations being added to the database all of the time. When you change address, it’s “absolutely essential” that you have the correct address and postcode, a spokesperson for the Royal Mail advises. The …
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“Royal Mail is being sold to Czech tycoon Daniel Kretinsky for £3.5billion – but the new owner must not be allowed to cut the workforce and services of our once-great national institution” Royal Mail has become a shadow of its former self Czech has to deliver There was a time …
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