Exclusive: Reports say energy tycoon Daniel Kretinsky has made further concessions to finally secure a takeover of Royal Mail’s parent company A takeover of Royal Mail could be completed within weeks ( Image: PA) The postal union is close to backing a £3.6billion foreign takeover of Royal Mail’s owner. The …
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The sale of Royal Mail to a Czech billionaire is close to being finalised, after extra concessions were agreed, according to reports. Daniel Kretinsky’s EP Group agreed to buy Royal Mail parent company International Distribution Services (IDS) earlier this year. The company struck the controversial deal in May but the …
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RetailEnviroTechInvestment Movopack, a company providing eCommerce platforms with circular and sustainable packaging, has raised £2 million seed funding to launch in the UK via a partnership with Royal Mail. The company’s first expansion outside of Italy aims to help tackle a growing packaging waste crisis, where an estimated 1.7 billion …
Read More »“After a difficult few days, European markets had a spring in their step on Thursday,” says Dan Coatsworth, Investment Analyst at AJ Bell. “The FTSE 100 advanced 0.2% to 8,290, led by Admiral which jumped 3.5% on positive read-across from Aviva’s move on Direct Line. “It’s normal to see other …
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Daniel Kretinsky’s EP Group agreed to buy Royal Mail parent company International Distribution Services (IDS) earlier this year. The sale of Royal Mail to a Czech billionaire is close to being finalised, after extra concessions were agreed, according to reports. Daniel Kretinsky’s EP Group agreed to buy Royal Mail parent …
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Your support helps us to tell the story From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it’s investigating the financials of Elon Musk’s pro-Trump PAC or producing our latest documentary, ‘The A Word’, which shines a light …
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Loss-making Royal Mail is set to be sold to Czech billionaire Daniel Kretinsky in a multi-billion pound deal. The beleaguered firm – haemorrhaging £1m a week – looks likely to end up in the hands of Mr Kretinsky’s EP Group. The sale has been formally accepted by Royal mail’s parent …
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Your support helps us to tell the story From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it’s investigating the financials of Elon Musk’s pro-Trump PAC or producing our latest documentary, ‘The A Word’, which shines a light …
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Royal Mail has been forced to clarify an ‘error’ as one of its vans appeared to show a new King Charles cypher – for the wrong monarch. The picture shows His Majesty’s symbol, which features an intertwined CR that stands for Charles Rex, design topped with a crown. Inside …
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The sale of Royal Mail to Czech billionaire Daniel Kretinsky’s EP Group is close to being finalized and could be confirmed in the next two weeks, according to sources close to the deal. The BBC on Thursday cited sources close to the deal as saying that Kretinsky has agreed to …
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