[ad_1] By Alex Brummer for the Daily Mail Updated: 17:27 EDT, 18 June 2024 When you push on the door firmly enough, it eventually caves in. The private equity consortium stalking investor platform Hargreaves Lansdown has come up with a bid price of £5.4billion, or £11.40 a share, which the board, headed by new chairman…
[ad_1] By Alex Brummer for the Daily Mail Updated: 17:01 EDT, 17 June 2024 Labour’s first major corporate challenge, if and when it takes office, is what to do about the Royal Mail. Other industrial hot potatoes, such as the future of Tata-owned Port Talbot and Thames Water, also lie in wait. Specifically, Labour’s manifesto…
[ad_1] By Alex Brummer for the Daily Mail Updated: 17:18 EDT, 13 June 2024 At last, the political silence has been broken. Labour’s manifesto promises that the proposed £3.6billion takeover of the Royal Mail by ‘Czech Sphinx’ Daniel Kretinsky and lesser-known business associates will be properly scrutinised. Someone has been listening to Dave Ward, general…
[ad_1] By Alex Brummer for the Daily Mail Updated: 17:01 EDT, 11 June 2024 These days, party manifestos come with costings. After Liz Truss’s unfunded tax cuts in the autumn of 2022, no one wants to upset the bond markets. The Tory desire is to reduce the tax burden. The paradox is that the baked-in-the-cake…
[ad_1] Privatisation of Royal Mail is one of the biggest scandals of recent times The obvious and right answer is to renationalise Royal Mail But a Tory or a Labour government are unwilling to contemplate this By Dave Ward Updated: 16:55 EDT, 9 June 2024 Perhaps it seems highly unusual for a trade union leader…
[ad_1] 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 the cheap. The CoStar…
[ad_1] By Alex Brummer for the Daily Mail Updated: 17:01 EDT, 3 June 2024 Of all the takeover battles on the table at present, there is none more significant to Britain than the proposed £3.6billion sell-off of International Distribution Services, the owner of the Royal Mail, to Czech billionaire Daniel Kretinsky. The passive way in…
[ad_1] By Alex Brummer for the Daily Mail Updated: 17:01 EDT, 30 May 2024 Jeremy Hunt is having a good election campaign in difficult polling circumstances. He has forced Shadow Chancellor Rachel Reeves on to the back foot on VAT. His approach, however, to the impending disposal of the Royal Mail owner International Distribution Services…
[ad_1] By Alex Brummer for the Daily Mail Updated: 17:02 EDT, 29 May 2024 The surrender of the board of Royal Mail owner International Distribution Services (IDS) to the blandishments of Czech billionaire Daniel Kretinsky is a national disgrace. An IDS board, stuffed with the great and the good including chairman Keith Williams and senior…
[ad_1] By Alex Brummer for the Daily Mail Updated: 16:50 EDT, 24 May 2024 The wheels of commerce spin ever faster with a rush of FTSE 350 takeover bids. But the General Election campaign will usher in a period of regulatory purdah. The effort by Czech billionaire Daniel Kretinsky to swallow International Distributions Services (IDS),…