Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Czech billionaire Daniel Křetínský’s move to buy Royal Mail has received a tacit stamp of approval. Keith Williams, chair of owner IDS, said the board was “minded to recommend” a …
Read More »NVIDIA, Marks and Spencer, Royal Mail
Our regular look at the FTSE 350 and a selection of other companies reporting from 20 – 24 May. NVIDIA pointing to further strong growth in first quarter. Marks & Spencer’s continued turnaround success expected. Interest rate cuts should ease headwinds at British Land National Grid hoping to deliver electrifying …
Read More »Badenoch says proposed sale of Royal Mail to foreign owner must protect service
Royal Mail’s owner International Distribution Services (IDS) is “minded” to agree a takeover by shareholder Daniel Kretinsky, after the Czech billionaire put forward a bid worth about £3.5 billion. Ms Badenoch met IDS bosses for talks on the proposed sale and underlined the need to protect services for the vulnerable, …
Read More »Who is Daniel Kretinkshy – the Czech ‘Sphinx’ poised to to take over the Royal Mail
Last May, Daniel Kretinsky gave a rare interview. Known as “the Czech Sphinx”, the enigmatic, low-profile billionaire “makes it clear”, says the newspaper, “that he will not be bidding for Royal Mail, where his Vesa investment vehicle owns more than 25 per cent, or Sainsbury’s, where it has 10 per …
Read More »The future of the Royal Mail is not just a matter for the current owners, says ALEX BRUMMER
By Alex Brummer for the Daily Mail Updated: 17:03 EDT, 16 May 2024 As keepers of the flame of free market capitalism, one can understand Government’s reluctance to become involved in takeovers. The notion that the £3.5billion offer by Czech sphinx Daniel Kretinsky ‘is ultimately a matter for the current …
Read More »Badenoch to meet with Czech billionaire plotting takeover of Royal Mail
Ms Badenoch emphasised the importance of Royal Mail in British society – Anadolu Kemi Badenoch is to meet the Czech billionaire plotting a £3.5bn takeover of Royal Mail as she seeks assurances over the sale of a key British asset to a foreign investor. The Business Secretary will call a …
Read More »New plans for revamp of historic hotel revealed
The public can now have their say on a proposed development that would reinvigorate a “landmark” pub that dates back to the 1880s. A public notification period is now underway for the heritage-listed hotel after a development application was submitted to Noosa Council last year. The refurbishment would see the …
Read More »Up-front remedies to be offered in Royal Mail takeover
Credit: shutterstock/iMac_71 Czech billionaire Daniel Křetínský appears ready to provide national security commitments to ensure his company’s proposed takeover of Royal Mail and its international parcels division goes through ahead of significant expected regulatory scrutiny. Subscribe to Global Competition Review Register for limited access Register to receive our newsletter and …
Read More »IDS Board “minded” to accept cash offer for Royal Mail
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Read More »Badenoch to meet with Czech billionaire plotting takeover of Royal Mail
Mr Seidenberg is also understood to have used the meeting, which was arranged before Mr Kretinsky’s takeover bid emerged, to lobby for reform of Royal Mail’s universal service obligation (USO). The company has submitted proposals that would see second class letters delivered just three times a week, while the six-day …
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