Tag Archives: business

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 …

EP Group made a number of other legally-binding undertakings to the Government as part of the bid. These include maintaining key services under Royal Mail’s universal service obligation for the next five years, such as the one-price-goes-anywhere system and Saturday deliveries for first class post. Mr Kretinsky has agreed to …

Royal Mail will be taken over by a Czech billionaire after it accepted a £3.6bn takeover offer. The board of parent company International Distributions Services (IDS) on Wednesday said it has recommended an offer of 370p per share from Daniel Křetínský. The offer consists of 360p in cash, plus a …