[ad_1] The energy tycoon also praised Royal Mail's “tradition, history and importance of the public service it provides”. The appearance of his fund, Vesa Equity … [ad_2] Source link
[ad_1] Czech energy tycoon Daniel Kretinsky today bought another big chunk of Royal Mail, lifting his shareholding up to 12.1% as part of his gamble that the company’s shares are drastically cheap. The billionaire known as the Czech Sphinx for his secretive ways now owns a stake worth £222 million after his vehicle, Vesa Equity,…
[ad_1] And in 2018 boss Guru Gowrappan announced that Oath would be no more; Verizon’s collective media outlets would be called the Verizon Media Group from 2019. Google to Alphabet Google became the largest subsidiary in a new holding company called Alphabet in 2015 as part of a restructuring at the tech giant. The company said that the…
[ad_1] Royal Mail has been fined £1.6m by the communications regulator Ofcom for delivering letters late and overcharging for stamps. Ofcom requires the postal service to deliver 93% of first-class post within one working day of collecting it but Royal Mail undershot the target, with only 91.5% of post arriving on time during the 2018-19…
[ad_1] Ofcom today fined Royal Mail £1.5 million for failing to meet its regulatory first-class delivery target in 2018. Royal Mail is required by Ofcom to deliver at least 93% of first-class post within one working day. But last year 91.5% of first-class post was delivered on time. Ofcom said Royal Mail failed to provide…
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[ad_1] One in 10 Britons has signed up to a subscription service during lockdown, with companies offering regular deliveries of food and drink reporting a huge spike in the customer numbers. Companies offering gin, cheese and coffee subscriptions have all reported big increases in customer numbers, as consumers unable to get supermarket delivery slots or…
[ad_1] Perhaps that explains why management struggled to face up to the severity of the crisis. An emergency rights issue came too late and secondary sites were sold off in dribs and drabs, when there should have been a giant “for sale” sign over every asset it owned Sure, the covenant waiver expired yesterday but…
[ad_1] Top City firm Alliance Bernstein has called for Royal Mail to be split up. At the moment Royal Mail has two arms, the UK Parcels, International and Letters division and General Logistics Systems (GLS) – a parcel delivery company based in Europe. Bernstein wants to see GLS sold, now that former chief executive Rico…
[ad_1] Stockbrokers believe the overseas arm GLS, seen as the “jewel in the crown” of Royal Mail’s business, is likely to most interest Mr Kretinsky. He said: “Similar to all other investments undertaken via Vesa Equity Investment, it also applies for Royal Mail that we join companies of whose fundamental value we are convinced based…