The sale of Royal Mail to Czech billionaire Daniel Kretinsky has been approved by the government. Mr Kretinsky‘s company EP Group will buy the postal service’s parent company International Distribution Services (IDS). The £5.3bn deal had been agreed in May but was subject to a government review under national security …
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Royal Mail’s parent firm has blamed the budget for a failure to return to profitability, warning it cannot rule out price hikes and job cuts in response. International Distribution Services (IDS) said it had set aside £134m in the first half of its financial year, with £120m directly linked to …
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Whitbread, the FTSE-100 owner of the Premier Inn hotel chain, has kicked off the search for a successor to Adam Crozier, its chairman. Sky News has learnt that headhunters acting for Whitbread have begun sounding out possible candidates for the post. Mr Crozier, who has chaired the company since 2018, …
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What are your rights if you’ve returned an item by post and the company says they never received it? Or if your delivery never turned up in the first place? Money blog reader Lee asked: “I purchased two pairs of shorts from Nike a year ago. I shortly after returned …
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The account of the Post Office’s former chief executive about what she knew during key years of the firm’s scandal is not believed by the former CEO of Royal Mail, the inquiry into the injustice has heard. Paula Vennells has been giving evidence as part of a three-day appearance at …
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The Red Arrows are back in action and will fly over Buckinghamshire today (Friday, August 25). We can look forward to a breathtaking display as the iconic team graces the skies above the county. The world-renowned aerobatic display team, known for their precision and skill, will treat spectators to a …
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Royal Mail is again being investigated by the communications regulator over its missed delivery targets. Ofcom announced the inquiry after Royal Mail said on Monday it did not meet its 2022 to 2023 quality of service targets. The targets require Royal Mail to deliver 93% of first-class mail within one …
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Capita, the outsourcing specialist and government contractor, has revealed that customer, supplier or colleague data may have been accessed during a cyber attack in March. The company, which announced earlier this month that it had been targeted, said its investigations had identified that the attack on its systems first took …
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Royal Mail and the Communication Workers Union (CWU) have reached an agreement in principle following a long-running dispute over pay and employment terms. In a joint statement with Royal Mail, CWU confirmed the agreement will now be considered by the executive of the union before it goes before the membership. …
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A striking Royal Mail worker has voiced fears up to 25,000 staff could be sacked and new working conditions imposed on those left after the core Christmas season has finished. The man, who usually delivers letters and parcels in the London area and is being identified as ‘Derek’ because he …
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