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Royal Mail

Royal Mail faces surging debt bill after ‘Czech Sphinx’ takeover
Byadmin July 3, 2024

[ad_1] The future of Royal Mail is set to be hamstrung by surging interest payments following Daniel Kretinsky’s debt-fuelled takeover of the postal service. The £3.6bn offer from Mr Kretinsky – known as the “Czech sphinx” – for Royal Mail’s parent company International Distribution Services (IDS) risks trebling its borrowing costs as a result of…

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Royal Mail

Royal Mail is a national treasure finally delivering the goods
Byadmin March 30, 2021

[ad_1] The only thing Back’s £1.8bn “transformation plan” succeeded in transforming was relations with the unions, and not for the better. He infuriated the Communication Workers Union, first by trying to force through changes to pay and working conditions while commuting from his luxury Swiss apartment, then refusing to jet into Britain at all when the…

Read More Royal Mail is a national treasure finally delivering the goods