The saga around Royal Mail continues, with confirmation that parent group International Distributions Services has rejected a potential takeover bid from a group connected to its biggest shareholder and to Czech billionaire Daniel Křetínský. IDS said it received a “preliminary and conditional non-binding proposal” of 320p per share from EP …
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The Labour Party is open to the prospect of a takeover of the owner of Royal Mail by the struggling postal group’s Czech billionaire investor, which is considering a renewed approach. EP Group, a conglomerate controlled by Daniel Kretinsky, revealed on Tuesday that it had made a “non-binding indicative proposal” …
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In a statement EP Group said it “recognises that Royal Mail is in a challenging situation. Weak financial performance, poor service delivery and a slow transformation, in the face of a market going through structural change, have put the business under unsustainable pressure. With the increasing competition from multinational companies …
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For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Royal Mail owner International Distribution Services has seen shares soar higher after it was revealed the group rejected a takeover approach from shareholder …
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Royal Mail has put forward proposals that would see first class mail kept as a six-day a week service, but second class letter deliveries cut dramatically (Gareth Fuller/PA) (PA Wire) A Czech energy and media billionaire who is a major shareholder in West Ham is in talks about a possible …
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By Jessica Clark Updated: 17:00 EDT, 17 April 2024 A billionaire dubbed the ‘Czech Sphinx’ has launched an audacious swoop on Royal Mail that could see the 508-year-old postal service fall into foreign hands. Daniel Kretinsky, who co-owns West Ham United and has a stake in Sainsbury’s, has already seen …
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Blue chips 35 points higher at 7,856 Inflation slightly lower Royal Mail rejects takeover 4.00pm: FTSE 100 set for daily gains The FTSE 100 held onto gains in late trading, having climbed 35 points to 7,856. Buoyed by mining companies, London’s blue-chip index joined markets across Europe in scoring …
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The owner of Royal Mail has rejected an attempt by its biggest shareholders to take over the business but another bid is in the works. Czech billionaire Daniel Kretinsky already owns 27.5% of International Distribution Services (IDS), which owns Royal Mail, but earlier this month he put forward a cash …
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Shares in IDS, the owner of Royal Mail, rise after reports that it has received – and rejected – a bid from Czech billionaire Daniel Křetínský. ADVERTISEMENT UK postal and courier service, Royal Mail, has received a takeover bid from Daniel Křetínský, a Czech billionaire who has also invested in …
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(Bloomberg) — The owner of Britain’s Royal Mail said it rejected a £3.1 billion ($3.9 billion) bid from Czech entrepreneur Daniel Kretinsky because it “significantly undervalues” the company. Most Read from Bloomberg International Distributions Services Plc said it turned down the cash offer, worth 320 pence a share, on April …
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