Tag Archives: business

Thanks for joining me. Volkswagen will invest $5bn in Tesla rival Rivian in a deal that will give it access to the start-up’s technology. The joint venture comes amid uncertainty in the electric car market, which is the subject of a trade war between US, EU and China, and lacklustre …

One of the architects of the Post Office Horizon accounting system has admitted there were “discreet” bugs but it generally “worked well”, dismissing suggestions he had knowledge of widespread flaws. The public inquiry into the IT scandal also heard Gareth Jenkins, who was a lead engineer at Horizon supplier Fujitsu, …

A new flight route from Essex to Bulgaria has launched in the county today (June 17) as the first passengers took off. Southend Airport launched the new chartered service from Balkan Holidays which travels from the city to Bourgas in Bulgaria. The location is home to the popular resort of …

From Bailey Bridges to old workshops, historic pubs to a Royal Mail Post Box, the recently signed off Rotherham Local Heritage List includes 100 assets that have architectural or historical importance in South Yorkshire. Local heritage lists identify locally valued heritage assets, nominated mainly by members of the public and …

The potential for asset sales should be a genuine concern too. Both Royal Mail shareholders and experts believe Kretinsky could be getting his hands on one of the biggest corporate property portfolios in Europe – an estate of prime sites situated in towns up and down the country – on …

Royal Mail warns Czech takeover risks sparking debt crunch. There are concerns that Daniel Kretinsky's takeover will put IDS's balance sheet under … Source link

Royal Mail has said its sale to the Czech billionaire Daniel Kretinsky risks triggering a financial squeeze, raising fresh fears about the potential threat to the postal service from his debt-fuelled takeover. Parent company International Distribution Services (IDS) has said that nearly £2.4bn of loans could be called in as …

Former Royal Mail boss Rico Back has thrown his weight behind Daniel Křetínský’s bid to take over the business, claiming the troubled postal giant “cannot go on like it did”. Mr Back, who was chief executive of Royal Mail from 2018 to 2020, told The Telegraph that the deal would …

Welcome to The Globe and Mail’s business and investing news quiz. Join us each week to test your knowledge of the stories making the headlines. Our business reporters come up with the questions, and you can show us what you know. This week: Royal Bank of Canada posted second-quarter profit …

Mr Kretinsky, who is already the largest shareholder in Royal Mail through his company EP Group, has pledged not to split the group’s lucrative parcels business, GLS, from its struggling letters business. Under terms set out in his offer, this undertaking would be valid for three years after the deal …