Can Czech billionaire Daniel Křetínský get Royal Mail to deliver?

Defending the government’s move to privatise Royal Mail in 2013, the then business secretary Vince Cable insisted it was “logical”. The plan was “consistent with developments elsewhere in Europe”, he argued, where other privatised postal services “produce profit margins far higher than Royal Mail’s but provide high-quality services”. A decade …

Read More »

BREAKING: Arnold Schwarzenegger is now a billionaire

Born into a modest family in the small Austrian village of Thal, with a population of 2,200, Arnold Schwarzenegger asserted his dominance by winning the prestigious title of Mr. Universe four times. He then went on to conquer Hollywood with his iconic roles in “The Terminator” and “Hercules in New …

Read More »

Billionaire Daniel Křetínský agrees to buy UK’s Royal Mail in a £3.57 billion deal

The owner of Royal Mail has unequivocally accepted a £3.57 billion ($4.6 billion) takeover bid from Czech billionaire Daniel Křetínský, solidifying the sale of one of Britain’s oldest and most iconic institutions. International Distribution Services (IDS), which owns the loss-making postal service, has firmly accepted a £3.70-per-share ($4.69) takeover offer …

Read More »