[ad_1] By Francesca Washtell Updated: 16:50 EDT, 18 May 2024 De Beers boss Al Cook is in for one of the most high-pressure weeks of his working life. The diamond group is owned by Anglo American – whose chief Duncan Wanblad is busy fending off takeover bids from rival miner BHP. To appease investors, Wanblad…
[ad_1] By Alex Brummer for the Daily Mail Updated: 18:10 EDT, 17 May 2024 Rubbing his hands: Daniel Kretinsky Jolly good that Kemi Badenoch has sat down with Martin Seidenberg, chief executive of Royal Mail owner International Distributions Services (IDS). The Business Secretary outlined the Government’s demands should Czech billionaire Daniel Kretinsky’s £3.5billion bid be…
[ad_1] By Leah Montebello Updated: 16:51 EDT, 17 May 2024 Royal Mail is expected to post losses of almost £1m a day as its takeover by a Czech billionaire hangs in the balance. The postal service – which is owned by International Distributions Services (IDS) – will unveil an annual loss of £313m next week,…
[ad_1] By Alex Brummer for the Daily Mail Updated: 17:03 EDT, 16 May 2024 As keepers of the flame of free market capitalism, one can understand Government’s reluctance to become involved in takeovers. The notion that the £3.5billion offer by Czech sphinx Daniel Kretinsky ‘is ultimately a matter for the current owners’ is away with…
[ad_1] By Leah Montebello Updated: 04:11 EDT, 16 May 2024 Royal Mail is just the latest British company to be targeted by foreign buyers this year with the value of bids from overseas topping £60billion. In one of the most dramatic days in the 508-year history of the postal service, parent company International Distribution Services…
[ad_1] By Leah Montebello Updated: 17:22 EDT, 14 May 2024 Daniel Kretinsky – known as the Czech Sphinx – has until 5pm today to walk away or make a bid for Royal Mail’s parent company IDS The future of Royal Mail hangs in the balance as the deadline looms for a Czech billionaire to make…
[ad_1] By York Membery Updated: 16:52 EDT, 11 May 2024 Gerald Seymour shot to fame with Harry’s Game, his gripping 1970s book set against a backdrop of the Northern Ireland Troubles, which became a hit TV drama, writes York Membery. Several of the 82-year-old’s other thrillers – including The Glory Boys and Red Fox –…
[ad_1] By Jessica Clark Updated: 17:09 EDT, 7 May 2024 BP’s boss insisted the oil giant has no plans to leave the London stock market as first quarter profits tumbled. Chief executive Murray Auchincloss yesterday said leaving the City is not on the agenda. It comes as Auchincloss faces pressure to close the valuation gap…
[ad_1] UK diesel consumption fell by 3.2% in the financial year from 2023-2024 Diesel hovering just under 160p a litre, with high prices pushing people to petrol Petrol consumption rose 4.2%, but petrol cars are less fuel efficient By Freda Lewis-Stempel Updated: 22:00 EDT, 5 May 2024 UK diesel consumption fell by almost a billion litres…
[ad_1] By City & Finance Reporter Updated: 16:50 EDT, 5 May 2024 Eyes on the prize: Daniel Kretinsky is preparing to table a new takeover offer The billionaire bidding for the Royal Mail has insisted he would not slash any jobs if he succeeds. Daniel Kretinsky is preparing to table a new takeover offer ahead of…