Special delivery: Daniel Kretinsky can raise his stake in Royal Mail above 25 per cent At the sporting events where they are spotted together, Daniel Kretinsky and Anna Kellnerova could easily blend into the crowd. But the bespectacled 47-yearold lawyer and his much younger showjumper girlfriend are one of the …
Read More »Czech billionaire cleared to swoop on Royal Mail
The Czech Sphinx with an eye for energy and football: Billionaire Daniel Kretinsky cleared to swoop on Royal Mail as national security probe is called off Kretinsky controls 22% of Royal Mail parent company IDS ‘No further action’ would be taken against him should he increase his stake By Calum …
Read More »Government clears Czech billionaire to increase his stake in Royal Mail
Government clears Czech billionaire’s plan to increase his 22% stake in Royal Mail after national security probe Daniel Kretinsky looks set to be allowed to up his stake in Royal Mail In August, the Government said it would launch a national security probe Today, International Distributions Services – the new …
Read More »Profit warnings soar to highest level since the financial crisis
Profit warnings soar to highest level since the financial crisis: A total of 86 statements downgrading profit forecasts were issued over third quarter By Daily Mail City & Finance Reporter Published: 16:50 EDT, 23 October 2022 | Updated: 16:50 EDT, 23 October 2022 Profit warnings from UK companies have hit …
Read More »Top firms embroiled in pension bailout storm: BP, Rolls-Royce and Royal Mail
Top firms embroiled in pension bailout storm: BP, Rolls-Royce and Royal Mail using funding strategy blamed for meltdown in bond market Schemes have LDIs designed to protect against interest rate/inflation spikes Widespread use sparked recent sell-off in Government bonds, known as gilts Full extent of reliance on LDIs by schemes …
Read More »Royal Mail revives speculation it could split up
Royal Mail revives speculation it could split up, saying ‘all options remain open’ including separation after huge loss By Calum Muirhead For The Daily Mail Published: 16:53 EDT, 14 October 2022 | Updated: 17:11 EDT, 14 October 2022 Royal Mail has unveiled plans to slash up to 10,000 jobs as it …
Read More »Royal Mail set to tear up nine-year trade union deal
Royal Mail set to tear up nine-year trade union deal as battle over the future of the business intensifies By Calum Muirhead For The Daily Mail Published: 17:18 EDT, 22 September 2022 | Updated: 17:24 EDT, 22 September 2022 Royal Mail has announced plans to rip up a nine-year deal …
Read More »What could happen in the 2022 mini-Budget?
Britain’s new Chancellor of the Exchequer, Kwasi Kwarteng, is set to deliver an emergency mini-budget on Friday to give more details about support to help ease the cost-of-living crisis. Prime Minister Liz Truss took office on 6 September and promised to immediately cut taxes and redouble efforts to promote economic …
Read More »MARKET REPORT: Shares in Royal Mail plunge
MARKET REPORT: Shares in FTSE 250 postal group Royal Mail plunge after broker paints bleak outlook for future By John Abiona For The Daily Mail Published: 16:50 EDT, 16 September 2022 | Updated: 16:50 EDT, 16 September 2022 Shares in Royal Mail plunged after a broker painted a bleak outlook …
Read More »Royal Mail rejects trade union claims it held ‘secret buyout talks’
Royal Mail rejects trade union claims it held ‘secret talks’ claim over a possible private equity buyout By Daily Mail City & Finance Reporter Published: 16:56 EDT, 8 September 2022 | Updated: 17:58 EDT, 8 September 2022 Royal Mail has denied trade union claims that it is in ‘secret talks’ …
Read More »