Billionaire Kretinsky’s Royal Mail takeover bid delayed

(Reuters) – The completion of EP Group’s takeover of Royal Mail-owner International Distribution Services (IDS.L) is likely to be delayed to the second quarter of 2025 due to regulatory issues in Romania, the company said on Wednesday. The only regulatory condition that needs resolving pertains to foreign direct investment in …

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Royal Mail takeover delayed, bulk mail class action goes ahead

The proposed £3.6bn takeover of Royal Mail’s parent company has been delayed because of political unrest in Romania. The 370p per share takeover offer from Czech billionaire Daniel Křetínský’s EP UK Bidco had expected to be declared unconditional during Q1. However, today (5 March) Royal Mail parent group International Distribution …

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Morrisons Daily Stores Partner With Quadient

UK | Morrisons has announced a new partnership with Quadient, a global automation platform powering secure and sustainable business connections. The partnership will install Parcel Pending by Quadient parcel lockers at 230 Morrisons Daily stores by the end of Spring 2025. All of Morrisons’ approximately 1,000 wholly-owned Morrisons Daily convenience …

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Camilla becomes royal patron of British Racing School

Camilla has a keen interest in the equestrian world, regularly attending major racing meets such as Royal Ascot and the Cheltenham Festival, and is associated with a number of equine charities including the British Equestrian Federation and the Ebony Horse Club. Andrew Braithwaite, the school’s chief executive, said: “The Queen …

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Limited edition Brexit coin on sale for over £2000

A ‘VERY rare’ limited edition Brexit coin is for sale for over £2000 by a Worcester resident. The 50p coin, officially known as the ‘withdrawal from the European Union 50p’, was released into circulation on January, 31 2020. It was the only official UK coin released to commemorate the occasion. …

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Royal Mail class action allowed to progress

Credit: shutterstock/Nadya Abbiss The UK’s Competition Appeal Tribunal has certified a proposed collective action against Royal Mail, ruling that the claimant met the “low test” for presenting a credible methodology for calculating an overcharge.  To read more Subscribe to Global Competition Review Register for limited access Register to receive our …

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