[ad_1] The takeover deal will still need to be approved by International Distribution Services (IDS)’s shareholders at the September annual general meeting. ADVERTISEMENT The owner of Royal Mail confirmed on Wednesday that it had accepted a £3.6 billion ($4.6 billion) takeover offer from the Czech investor, Daniel Křetínský. Under the deal, Křetínský’s EP Group would buy…
[ad_1] The takeover of International Distribution Services (IDS), the parent firm of Royal Mail, was completed this week after the conclusion of discussions that began in April. The IDS board had said it was “minded to” accept a bid at the price agreed on Wednesday, which is 370p per share. Keith Williams, the chairman of IDS,…
[ad_1] Open this photo in gallery: Former CEO of Post Office Limited Paula Vennells arrives to give evidence to the Post Office Horizon IT Inquiry, in London, on May 22.HENRY NICHOLLS/Getty Images A Canadian businesswoman who ran Britain’s Royal Mail for nearly a decade has accused a senior executive of knowing about a scandal that…
[ad_1] Ms Vennells joined the Post Office in 2007 as group network director before later progressing to managing director and eventually chief executive in 2012, a role she left in 2019 after handing in her resignation in the latter months of 2018. However, she told the inquiry that she did not realise the Post Office…
[ad_1] The former CEO of Royal Mail Group accused Paula Vennells of knowing about Horizon IT errors, telling her “I can’t now support you”. On Wednesday, the Horizon IT inquiry was shown a text message exchange between Vennells and Dame Moya Greene in January 2024, after the ITV drama Mr Bates Vs The Post Office…
[ad_1] Former Royal Mail boss Dame Moya Greene told ex-Post Office chief executive Paula Vennells ‘I can’t now support you’ in text messages shown to the Horizon IT Inquiry Video Loading Video Unavailable The video will auto-play soon8Cancel Play now Former Royal Mail CEO accuses Paula Vennells of knowing about bugs Bombshell text messages show…
[ad_1] The Government has said setting up a new body to deal with financial redress for Horizon victims would “take months and cost millions”. The Business and Trade Committee previously issued a report which said an independent intermediary should be established to help victims “through every stage of their compensation claims” – describing the current…
[ad_1] Mr Beer pressed Mr Singh further on the report, saying: “All of this: ‘If I received it, if I read it’ – it’s a big fat lie, isn’t it? And you know it, Mr Singh.” Responding, Mr Singh said: “Sir, I didn’t come here to lie, I’m at an age where I have come…
[ad_1] The Telegraph reports that Royal Mail has now reversed its decision to charge recipients a £5 fine as it investigates if there is an issue following complaints from furious Brits Royal Mail is now said to be investigating claims of ‘fake’ stamps circulating its system ( Image: ROYAL MAIL GROUP/AFP via Getty I) Royal…
[ad_1] A birthday card that went missing in the post for nearly nine years was delivered to a young boy just after his ninth birthday – but no one knows why it went missing for so long Alfie Wilson received a first birthday card nearly a decade after it was first sent ( Image: Richard…