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Tag Archives: Amazon

How Royal Mail is poised to create the Amazon of Europe

Kretinsky’s ambitious plans have been backed up by a fevered acquisition spree that has accelerated since 2018, when the tycoon began to diversify his business away from energy. This week, Fnac tabled a €249m (£210m) offer to buy Italy’s Unieuro in a deal that would create a major new player …

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Royal Mail suitor to spend £800m and take on Amazon

In addition, EP Group is in talks with union bosses about a profit-sharing scheme that would see employees handed bonuses if the company meets key financial and delivery targets. The Czech billionaire’s debt-fuelled swoop has also sparked concerns about soaring interest payments that could hurt the postal service’s bottom line.  …

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Amazon to launch delivery drones in the UK next year

Amazon cut a large part of its UK team working on drones in 2021, while mass redundancies at the company earlier this year also hit its Prime Air team. The project has faced delays and regulatory hurdles, while a number of its drones have crashed during field testing. However, Amazon …

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