By Emily Hawkins City Reporter Published: 16:40 EDT, 1 August 2024 | Updated: 17:27 EDT, 1 August 2024 The Government will probe a Czech billionaire’s planned takeover of the Royal Mail. Royal Mail owner International Distribution Services accepted a £3.5billion takeover swoop from Daniel Kretinsky, meaning the postal company is …
Read More »
The pro-business agenda of Starmer’s incoming Labour government was typified by its pre-election backing for Royal Mail’s takeover by billionaire Daniel Kretinsky. Labour’s Business Secretary Jonathan Reynolds has worked closely with Communication Workers Union (CWU) officials led by Dave Ward, supporting their policy of “engagement” with Kretinsky’s EP Group to …
Read More »
The postal service said its almost 30-year-old freight trains are at the end of their operational lives. Royal Mail has announced its intentions … Source link
Read More »
MP for Leicester West, Liz Kendall, has been appointed as the new Secretary of State for Work and Pensions at the Department for Work and Pensions (DWP). MP for Leeds West, Rachel Reeves, has also been appointed as Chancellor of the Exchequer, making her the UK’s first female Chancellor. The …
Read More »
Following the news that Labour has won the 2024 UK general election, Pensions Age takes a look at what we know so far about the party’s plans for pensions. The exact detail on much of Labour’s pension policy is yet to be shared, although the 2024 manifesto provided some insight …
Read More »
Open season Wimbledon expansion, Issue 1626 WITH Wimbledon looming, the All England Lawn Tennis Club is in full lobbying mode for its plan to build an 8,000-seat stadium, 38 courts, 10 buildings and nine kilometres of roads and paths in its neighbouring park in south-west London, to host its qualifying …
Read More »
By Jessica Clark Published: 17:32 EDT, 17 June 2024 | Updated: 17:58 EDT, 17 June 2024 The takeover of Royal Mail will trigger a fees bonanza for bankers and advisers – including ex Labour frontbencher Chuka Umunna. Royal Mail’s owner International Distribution Services (IDS) is being bought by Daniel Kretinsky, …
Read More »
By Ross Clark Published: 17:18 EDT, 16 June 2024 | Updated: 17:27 EDT, 16 June 2024 Insanity, Albert Einstein once remarked, is doing the same thing over and over again and expecting different results. So why on earth do we repeatedly sell off our public utilities to private interests and …
Read More »
Postal workers have told the ‘Czech sphinx’ billionaire bidding to take over Royal Mail for £3.6billion that his firm’s commitments are ‘not enough’. Businessman Daniel Kretinsky, 48, has previously been accused of undervaluing the postal company with his £3.57 billion offer to take over the firm. Known as the ‘Czech Sphinx’ …
Read More »
From the Covid inquiry, to the Royal Mail postmasters and the NHS infected blood scandals, Britain’s fragmented “integrity institutions” have repeatedly shown that they cannot prevent overt corruption and endemic malversation in public office. If a new Labour government is ever to “turn the page” on the the last decade, …
Read More »