[ad_1] The consultation is expected to include questions about a potential ban on the sale of phones to under-16s and the need for parental approval when teenagers download social media apps such as Facebook and Instagram. However, other more stringent proposals that were expected to feature in the consultation are now expected to be removed…
[ad_1] The swoop is also facing opposition from the CWU, which is instead calling for a “new ownership and governance model” for Royal Mail. Mr Kretinsky’s EP Group, which is expected to make a fresh offer ahead of a deadline of May 15 set under City takeover rules, has held meetings with union bosses in…
[ad_1] Thanks for joining me. Thames Water plans to spend nearly £20bn fixing leaks and sewage spills under a new business plan sent to regulators. The beleaguered water supplier, which has £18bn of debt, wants to spend £1.1bn more than previously thought under proposals sent to the regulator Ofwat, known as PR24. It is battling…
[ad_1] Royal Mail is pressuring regulators to approve plans for less frequent letter deliveries, as the company scrambles to fend off a £3.1bn takeover bid from a Czech billionaire. International Distributions Services (IDS), Royal Mail’s parent company, said foot-dragging by Ofcom had “held back” plans to modernise the company. Keith Williams, chairman of IDS, said:…
[ad_1] Apple has reportedly suspended production of vegan phone cases it started selling less than a year ago. The tech giant is said to have stopped making its FineWoven cases and watch straps following complaints that the £59 cases would become easily scratched and worn out. Apple introduced the material, a “microtwill” made up of…
[ad_1] Bosses are understood to be keen to emphasise that the postal service is at an inflection point as it pushes through a turnaround plan for its struggling letters business. Insiders pointed to the company’s strongest Christmas performance in four years, as well as an ongoing review by Ofcom into its regulatory requirement to deliver…
[ad_1] Labour may see a split as an opportunity to renationalise the Royal Mail, convinced that the state would make a better fist of reviving it. But shorn of the cross-subsidies that a highly profitable parcels operation provides, mounting losses from letter deliveries risk being immediately thrust onto the taxpayer. It’s worth noting that number…
[ad_1] The 48-year-old has cited his time growing up during the Velvet Revolution, as the overhaul of Czechoslovakia’s communist government is known, as a driving force behind his love of free markets. Kretinsky trained as a lawyer before joining Slovakian investment group J&T in 1999, where he made his name as a dealmaker. His business…
[ad_1] While Chancellor Jeremy Hunt last night declined to comment directly on the takeover bid, he signalled that the Government would revisit how “former public sector monopolies” are regulated to safeguard the provision of vital services. However, the Labour Party has signalled it is open to Mr Křetínský’s approach. A spokesman for Mr Křetínský pointed…
[ad_1] Costs have not fallen alongside the lower volumes. Royal Mail has blamed the restrictive framework for its hefty losses of £319m in the first half of the year, as well as for a slump in service quality that sparked a record £5.6m fine from Ofcom. Earlier this month, Royal Mail put forward proposals to…