By Emily Hawkins Updated: 17:00 EDT, 21 May 2024 The greetings card industry has sounded the alarm over the proposed £3.5billion foreign takeover of Royal Mail. Small business operators are calling for a ‘national, reliable, affordable’ service to be protected as fears mount over the future of the 508-year-old firm. …
Read More »Tesla investors try to slam the brakes on Musk’s record £44bn payday
By Daily Mail City & Finance Reporter Updated: 17:00 EDT, 21 May 2024 Outcry: Tesla boss Elon Musk is in line for a record £44bn pay package A group of Tesla investors are urging shareholders to reject a record £44billion pay package for chief executive Elon Musk. Shareholders in the …
Read More »Post Office Official Told MP About IT Bugs Ahead Of Report
By Sophia Dourou (May 21, 2024, 5:57 PM BST) — A former Post Office senior official conceded she was the “bearer of bad news” by ensuring an MP was told of bugs in the IT system used to wrongly prosecute innocent people, as she gave evidence to an inquiry Tuesday…. …
Read More »Awkward moment Queen Mary fails to congratulate King Frederik on completing Denmark’s Royal Run as she high fives finishers
This is the awkward moment Queen Mary of Denmark appeared too busy high-fiving participants in the Royal Run to congratulate her own husband as he passed the finish line. The royal mother-of-four, 52, beamed while wearing sunglasses as she stood towards the finish line of the 10km race in Copenhagen …
Read More »Royal Mail milestone for HVO fleet
Royal Mail has used more than 10 million litres of hydrotreated vegetable oil (HVO) to fuel its heavy goods vehicle (HGV) fleet, saving the equivalent of 30,000 tonnes of carbon dioxide (CO2). The company has hit the milestone after first introducing the fuel in June 2023 as part of its …
Read More »🔒 Billionaire Kretinsky eyes tactical bid for Britain’s Royal Mail
In a strategic move, billionaire Daniel Kretinsky sets his sights on Britain’s Royal Mail through International Distributions Services Plc (IDS). With 28% ownership already secured, his proposed £3.5 billion bid reflects a 73% premium, exploiting market uncertainty. Despite board approval, resistance wanes amid regulatory ambiguity. Kretinsky’s bold play hinges on …
Read More »Former Royal Marine charged with spying for China on Hong Kong activists found dead in…
21 May 2024, 19:08 | Updated: 21 May 2024, 19:46 Matthew Trickett, 37, who was on bail after appearing in court accused of assisting the Hong Kong intelligence service. Picture: Social media A former Royal Marine who was charged with spying for China on Hong Kong activists has been found …
Read More »Major new fuel is ‘critical’ diesel replacement while electric and hydrogen ‘are still in infancy’
The Royal Mail has announced a new milestone for methods to cut emissions rates among its fleet of vehicles using a major new fuel. Royal Mail has used a diesel susbstitute to help slash its emissions rates by the equivalent of 30,000 tonnes of harmful carbon dioxide. The company has …
Read More »La Poste launches scratch-and-sniff stamp that smells like baguettes
French post office La Poste has introduced a stamp designed by Stéphane Humbert-Basset that gives off the scent of bread when scratched to celebrate the baguette. The stamp has a “bakery scent”, which was achieved through the use of microcapsules that are embedded within the ink of the stamps to provide …
Read More »Are UK boards ‘too hot to trot’ in selling off companies?
Stay informed with free updates Simply sign up to the Companies myFT Digest — delivered directly to your inbox. Stuart Chambers stands on the brink of an unusual feat in the UK corporate world — presiding over the sale of three big London-listed companies to a foreign buyer. He was …
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