A proposed takeover bid for Royal Mail would be subject to a national security review, the chancellor has said, as ministers come under pressure to scrutinise a £3.5 billion offer from a Czech billionaire. Jeremy Hunt said on Friday that “as a rule, we welcome international investment in British companies”. …
Read More »
The confirmed cases of a waterborne disease caused by a parasite have more than doubled. There are now 46 confirmed cases of cryptosporidiosis, a diarrhoeal illness, the UK Health Security Agency (UKHSA) has said – with more than 100 further people reporting similar symptoms in the Brixham area. Other reported …
Read More »Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BT chair Adam Crozier received letters from several MPs about problems with the Post Office’s Horizon IT system when he ran Royal Mail, undermining his insistence he was “not aware” …
Read More »
Dog owners have been sharing their concern about thieves marking houses with expensive dogs via post received through their letterboxes – but they have been worrying over nothing Postie shares why the ‘P’ is written on the front of letters and people are amazed(u/designer_by_day) By Paige Freshwater 13:42, 21 Sep …
Read More »
Next week the right-hand man of Daniel Kretinsky, the Czech billionaire seeking to acquire Royal Mail, will fly into London seeking to reach a £3.5 billion deal for the 508-year-old former state-owned postal service. Roman Silha, who heads mergers and acquisitions for the investment division of EP Group’s shareholders, is …
Read More »
Union the CWU plans to “use its political influence” in the debate over the possible foreign takeover of Royal Mail, while the current business secretary has asserted that the government would need to consider and agree the details of a sale. Addressing members in a YouTube broadcast following news of …
Read More »
IDS said this week that it was “minded to recommend” the latest £3.5bn takeover bid from Kretinsky’s EP Group. Czech billionaire Daniel Kretinsky, who is currently trying to buy Royal Mail owner International Distribution Services (IDS), saw his net worth rise by £2bn over the last year. The jump in …
Read More »
LONDON, May 17 (Reuters) – Any takeover bid for Britain’s Royal Mail would be subject to “normal” national security scrutiny but it would not be opposed in principle, finance minister Jeremy Hunt said on Friday. Royal Mail’s owner, International Distributions Services , said on Wednesday it would recommend a 3.5 …
Read More »The chancellor, Jeremy Hunt, has said the UK will look at the national security implications of a bid for Royal Mail by the Czech billionaire Daniel Křetínský, but indicated ministers were not opposed to the takeover in principle. Royal Mail’s owner, the London-listed International Distributions Services (IDS), on Wednesday backed …
Read More »
The investor’s company EP Group has submitted a revised of 370p per share for the company, an increase of 16pc on a previous offer which had been rejected. The billionaire was previously vetted under national security and investment rules in October 2022, when his stake in the company rose to …
Read More »