News Billionaire asset-stripper Daniel Kretinsky made an offer to buy up Royal Mail’s parent company By Yuri Prasad Downloading PDF. Please wait… Thursday 18 April 2024 Issue 2901 Royal Mail workers on the picket line in Whitechapel, east London, during strikes in 2022 (Picture: Guy Smallman) The owners of Royal …
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Former Royal Mail chairman Allan Leighton has said the Horizon scandal is "unbelievable" and "terrible". Mr Leighton apologised for "elements" of … Source link
Read More »“After a slow start, the UK stock market eventually burst into life and the FTSE 100 headed back on the right path towards the all-important 8,000 level. However, it lost momentum in the final part of the session,” says AJ Bell Investment Analyst Dan Coatsworth. “The mid cap FTSE 250 …
Read More »One scoop to start: Jane Street’s quarterly trading revenues have surged to their highest level since the start of the pandemic, as the secretive high-speed firm flourished alongside traditional Wall Street market makers. It expects its first-quarter net trading revenue will be roughly $4.4bn, more than double the level it …
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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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