By CALUM MUIRHEAD Updated: 17:03 EST, 28 November 2024 The Czech billionaire bidding for Royal Mail could win approval for the deal from ministers in the next two weeks – raising fears over further stamp price rises. Daniel Kretinsky, who swooped with a £3.6billion offer, has agreed extra concessions for …
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By ALEX BRUMMER FOR THE DAILY MAIL Updated: 17:03 EST, 28 November 2024 Jonathan Reynolds ought to be careful what he wishes for. His House of Commons description of Royal Mail predator Daniel Kretinsky as a legitimate business person is hostage to fortune. We have discovered since this Labour government …
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By ALEX BRUMMER FOR THE DAILY MAIL Updated: 22:00, 27 November 2024 The turnaround at Aviva under the stewardship of chief executive Amanda Blanc has been extraordinary. Superfluous overseas businesses have been sold, cash returned to shareholders and Blanc has built up a war chest for investment. The decision to …
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By CALUM MUIRHEAD Updated: 17:20 EST, 26 November 2024 The Business Secretary appeared to shrug off concerns about the looming takeover of Royal Mail by a Czech energy tycoon. Jonathan Reynolds told MPs that billionaire Daniel Kretinsky, who swooped on Royal Mail with a £3.6billion bid earlier this year, was …
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We live in scary times – some would say the most frightening since the missile crisis of 1962, when the world was brought to the brink of nuclear war over the Soviet Union’s decision to deploy weapons of mass destruction in Cuba. Thankfully, catastrophe was averted. This time around, it …
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By ALEX BRUMMER FOR THE DAILY MAIL Updated: 02:25 EST, 22 November 2024 A perennial complaint, often heard, is the lack of towering figures and the contested battles which once dominated the City. The likes of Mrs Thatcher’s favourites Lord Hanson and Lord King of BA and the politically savvy …
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Royal Mail has signalled potential further increases in stamp prices following a £120million national insurance impact from the recent Budget. Martin Seidenberg, the chief of Royal Mail’s owning company, has also not dismissed the possibility of additional job cuts due to the rising costs. “We are looking at all areas …
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By CALUM MUIRHEAD Updated: 17:01 EST, 21 November 2024 Royal Mail has warned of more price hikes as a result of the Chancellor’s National Insurance raid. Martin Seidenberg, head of parent company International Distribution Services (IDS), said it would need to raise prices to offset a £120million hit from measures …
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By JANE DENTON Updated: 05:50 EST, 21 November 2024 Further Royal Mail price hikes could be on the cards after the owner of the postal service flagged greater cost pressures arising from the Autumn Budget. International Distribution Services said it could not rule out price hikes and greater use of …
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By CALUM MUIRHEAD Updated: 17:19 EST, 19 November 2024 The takeover of Royal Mail by a Czech billionaire looks set to be approved by ministers. It places the postal service into foreign hands for the first time in its 508-year history. Trade union bosses representing around 100,000 posties told their …
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