Royal Mail’s sale to Czech billionaire Daniel Kretinsky has taken another step towards completion, after it got the green light on national security grounds. Pat McFadden, the chancellor of the Duchy of Lancaster, approved the deal under the National Security and Investment act. The Cabinet Office said it means the …
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Microsoft has told staff they will be able to pick up iPhones at various offices in China and Hong Kong to replace Android devices such as those made by Huawei and Xiaomi. Multinationals have introduced increasingly strict protocols for staff when visiting or working in China. Consultancies Deloitte and KPMG …
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The investor’s company EP Group has submitted a revised of 370p per share for the company, an increase of 16pc on a previous offer which had been rejected. The billionaire was previously vetted under national security and investment rules in October 2022, when his stake in the company rose to …
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Cyber disruptions to the UK’s Royal Mail service, first reported on Wednesday as a “cyber incident,” has now been identified as a ransomware attack, linked to the Russian-affiliated LockBit gang, Computing wrote today. LockBit encryptor found in use. The Telegraph broke the news of the confirmed ransomware attack yesterday, with …
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R oyal Mail’s parent firm has said it faces no further action months after ministers said they would launch a national security probe into the company. International Distributions Services (IDS), which was renamed from Royal Mail Group earlier this year, had faced the potential intervention after the firm’s largest shareholder, …
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