Tag Archives: Competition and Markets Authority

(Reuters) -The British government has approved Czech billionaire Daniel Kretinsky’s 5.3-billion-pound ($6.69 billion) takeover of Royal Mail owner International Distribution Services, the Financial Times reported on Monday. The approval is set to be announced as early as Monday morning, the report said, citing people familiar with the matter. International Distribution …

It’s a triumph. Instead of losing £1m a day in its core UK business, which was the statistic in June, Royal Mail got the rate down to an average of £700,000 a day across the April to September period. If that doesn’t sound much to cheer, look at the share …