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 …
Read More »
By Patrick Tooher Updated: 06:53 EDT, 21 April 2024 The Government left Royal Mail vulnerable to predators by delaying reforms to the postal service, senior company insiders believe. Royal Mail’s owner International Distributions Services last week rejected as ‘opportunistic’ a £3.1 billion takeover approach from Czech billionaire Daniel Kretinsky. Dubbed …
Read More »
The bookmaker says it will return to year-on-year growth in second quarter Investors are concerned about regulatory issues and the firm’s debt pile By Mike Sheen Updated: 04:43 EDT, 19 April 2024 Bookmaker 888 beat revenue forecasts in the first three months of the year thanks to a bounce in …
Read More »
By Alex Brummer In Washington and Jessica Clark Updated: 17:00 EDT, 18 April 2024 The Chancellor has voiced concerns over the proposed takeover of Royal Mail by a billionaire dubbed the ‘Czech Sphinx’ in a sign that a deal could be blocked. As analysts suggested that tycoon Daniel Kretinsky would …
Read More »
By Jessica Clark Updated: 17:00 EDT, 17 April 2024 A billionaire dubbed the ‘Czech Sphinx’ has launched an audacious swoop on Royal Mail that could see the 508-year-old postal service fall into foreign hands. Daniel Kretinsky, who co-owns West Ham United and has a stake in Sainsbury’s, has already seen …
Read More »
By Leah Montebello Updated: 18:10 EDT, 2 April 2024 Royal Mail has named a senior Heathrow executive as its next boss – just as it hikes the price of stamps for the third time in a year. Emma Gilthorpe, who is the airport’s chief operating officer, will join the delivery …
Read More »
Deal will see Royal London pay £192.5m for 50% stake in 1 Triton Square The office in Euston used to be leased by Facebook owner Meta By Daniel Fessahaye Updated: 07:25 EDT, 18 March 2024 British Land has sold half its stake in the Euston office building that was formerly …
Read More »
Victoria dates back to 1895 and holds a Royal Warrant By Jane Denton Updated: 11:54 EDT, 13 March 2024 Royal floor maker Victoria has cut 1,170 jobs, equating to 16 per cent of its workforce, as the London-listed group continues to suffer weak demand. Geoff Wilding, the group’s chairman, acknowledged …
Read More »
MARKET REPORT: Another sales fall sparks rollercoaster ride at THG By John Abiona Updated: 17:33 EDT, 17 October 2023 It was a rollercoaster ride for investors in THG as it posted another fall in revenues despite under-pressure boss Matt Moulding insisting that ‘progress had been made on numerous fronts’. The …
Read More »
Czech Sphinx Daniel Kretinsky bags £220m dividend in energy bonanza By Calum Muirhead Updated: 16:50 EDT, 7 October 2023 Czech Sphinx: Daniel Kretinsky A Czech tycoon with major stakes in Royal Mail and West Ham United is set to pocket nearly £220 million as his European energy conglomerate cashes in on …
Read More »