Royal Mail’s parent company agreed in May to a £3.6bn acquisition by EP Group Pat McFadden, Chancellor of the Duchy of Lancaster, has approved the deal By HARRY WISE Updated: 08:02 EST, 20 December 2024 Daniel Kretinsky’s acquisition of Royal Mail is getting closer to realisation after gaining national security …
Read More »We MUST stop this Royal Mail heist: Six reasons why sale to Czech tycoon is bad for investors, bad for customers and bad for Britain
The postie, in his all-weather shorts, is so much-loved in one Hertfordshire village that each Christmas residents buy him a £500 gift voucher, plus champagne and chocolates. At this festive season, love it or hate it, the Royal Mail is an enduring feature of our lives. Whether one is queueing …
Read More »Canal+ premiere on London Stock Exchange boosts struggling market
Shares will provide a much-needed lift to City London on course for worst year for corporate exits since financial crisis Canal+ expected to secure value of up to £5bn when its shares begin trading By CALUM MUIRHEAD Updated: 22:07, 15 December 2024 French TV and film giant Canal+ will make …
Read More »Vince Cable urges Labour to block Royal Mail takeover bid
Cable said Ministers should be cautious about bid from Daniel Kretinsky Former Lib Dem Minister Cable was in charge of privatising Royal Mail in 2013 He sold it for £3.3 billion, or £3.30 a share By CALUM MUIRHEAD Updated: 16:53 EST, 14 December 2024 Labour has been warned this weekend …
Read More »Ofcom fines Royal Mail £10.5m for late deliveries
Royal Mail only delivered 74.7% of first-class mail on time last year Ofcom previously fined Royal Mail £5.6m for falling short of its targets By HARRY WISE Updated: 07:22 EST, 13 December 2024 Britain’s communications regulator has slapped Royal Mail with a fine for late deliveries for the second time …
Read More »Moonpig sounds alarm over Royal Mail delays ahead of Christmas as it swings to a £33.3m loss
By DAILY MAIL CITY & FINANCE REPORTER Updated: 17:03 EST, 10 December 2024 Moonpig has sounded the alarm over Royal Mail deliveries ahead of Christmas. Moonpig’s chief executive Nickyl Raithatha has said he is in talks with the delivery company about service levels as many areas of the country are …
Read More »Boost for City after Canal+ given green light to list in London: Shares in French film studio to start trading before Christmas
By JESSICA CLARK Updated: 17:01 EST, 9 December 2024 The French production firm behind the Paddington films will list in London this month after investors approved the break-up of its parent company. In a boost for the City, Vivendi shareholders overwhelmingly voted in favour of the spin-off of Canal+ and …
Read More »Analysts ‘unimpressed’ as Learning Technologies agrees £802m takeover
Digital learning firm agrees 100p per share deal – it was valued at 236p in 2021 Chairman and chief executive take alternative offer but others cannot By MIKE SHEEN Updated: 10:07 EST, 4 December 2024 AIM-listed Learning Technologies has finally agreed to a £802million takeover by a US private equity …
Read More »Boost for FTSE as investors pile into UK shares: But £317m inflow may be temporary reprieve
By GEOFF HO Updated: 17:00 EST, 4 December 2024 Britain’s beleaguered stock market enjoyed a reprieve after a three-and-a-half year exodus as investors piled £317million into equity funds last month. Figures published yesterday by funds network Calastone showed London-listed shares enjoyed inflows for the first time since May 2021. However …
Read More »Last hope of Royal Mail rescue lies in… Brussels
Investigation by EU competition watchdogs into Daniel Kretinsky Scrutiny of Kretinsky’s business links to Russia intensifies Czech wants to snap up Royal Mail in £3.6bn deal By MARK SHAPLAND Updated: 21:50, 30 November 2024 Royal Mail could be saved from a rapacious takeover bid by Daniel Kretinsky by European Union competition …
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