Government, which left Royal Mail so vulnerable, needs to push through reforms These would give current boss Martin Seidenberg a fighting chance New ownership, even if proprietor is benign, involves disruption and risk By Ruth Sunderland for the Daily Mail Updated: 17:06 EDT, 28 April 2024 Czech Sphinx: Businessman Daniel …
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A tale of a chief executive about to join a high-profile British company has gone down in City folklore. Before taking the reins, a trusted advisor asks him the rather awkward question of how much he thought he should be paid. ‘How much do you think I can get away …
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By Jessica Clark Updated: 16:51 EDT, 27 April 2024 Taxpayers could be on the hook for a multi-million-pound bill to help Royal Mail deliver post. The 500-year-old postal service, which this month became a takeover target, has urged the Government to contribute to the cost of distributing letters. It has …
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By City & Finance Reporter Updated: 16:53 EDT, 26 April 2024 The Czech billionaire trying to buy Royal Mail has taken a 20 per cent stake in a German steel business. Daniel Kretinsky, whose £3.2billion offer for Royal Mail owner International Distributions Services (IDS) has been rejected, has snapped up …
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By Anne Ashworth Updated: 16:51 EDT, 26 April 2024 Breakfast cereal, detergent and 24 carat gold bars. This may not be the typical shopping list. But in recent months thousands of customers at the US cash-and-carry giant Costco have been putting one-ounce bullion bars into their trolleys. They are spending …
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By Jessica Clark Updated: 17:00 EDT, 25 April 2024 Mining giant BHP was last night told it will need to raise its bid for Anglo American after launching an ‘opportunistic’ £31billion swoop on its Footsie rival. The offer, which analysts said could set the whole mining sector ‘on fire’, is …
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Royal Mail is one of this country’s most iconic brands, woven indelibly into the fabric of our society. It spans nearly 500 years, and its history has a rather nice symmetry, first providing services to the public under the reign of King Charles I in 1635 and continuing today under …
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By Alex Brummer for the Daily Mail Updated: 17:03 EDT, 22 April 2024 Andrew Bailey has had little to celebrate of late. He has suffered the slings and arrows of the barbed Bernanke report on Bank of England forecasting and indiscriminate fire from former Prime Minister Liz Truss. Amid the …
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By Jessica Clark Updated: 17:03 EDT, 22 April 2024 Takeover battle: Royal mail wants permission to cut second class deliveries Royal Mail has urged regulators to allow it to cut second class deliveries as it tries to fight off a takeover by a billionaire dubbed the ‘Czech Sphinx’. Parent company …
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Bosses understood to be in regular talks about Daniel Kretinsky’s approach One of the top shareholders, Redwheel, broke cover to oppose the offer Royal Mail rejected the £3.2bn bid – or 320p per share – from Kretinsky By Jessica Clark Updated: 16:53 EDT, 21 April 2024 Royal Mail will hold …
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