“The Board has sought, and EP Group has agreed to offer as part of the Proposal, a set of contractual undertakings to protect key public interest factors and recognise Royal Mail’s status as a key part of national infrastructure. It is anticipated that the commitment to offer these contractual undertakings …
Read More »
ROYAL MAIL’s future is “again under threat,” the CWU warned today after the owner of the privatised service welcomed an improved £3.5 billion takeover offer from Czech billionaire Daniel Kretinsky. Parent company International Distribution Services (IDS) said that Mr Kretinsky’s EP Group had agreed to offer a set of “contractual …
Read More »Czech billionaire Daniel Kretinsky is poised to become the next owner of Royal Mail after he today unveiled a sweetened £3.5billion offer from his company. Known as the ‘Czech Sphinx’ for his inscrutable manner, the 48-year-old already has substantial investments in the UK, including a 27 per cent stake in West …
Read More »
Czech billionaire Daniel Křetínský might be the next owner of Royal Mail, after its parent company International Distributions Services (IDS) … Source link
Read More »
Keith Williams, chairman of IDS, said: “The board is minded to recommend this offer price, which it considers to be fair and reflects the value of GLS’ current growth plans and the progress being made on change at Royal Mail to adapt the business to a significant fall in the …
Read More »
Shares of Royal Mail plc (LON:RMG – Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 207 ($2.60) and traded as low as GBX 196.90 ($2.47). Royal Mail shares last traded at GBX 207 ($2.60), with …
Read More »
The Royal Mail has issued a service update as three UK regions face postal delays. The mail service and provider constantly keeps households updated on its website over potential disruption and delays to its delivery services. A Royal Mail statement read: “Last night the flight from Edinburgh to Stansted departed …
Read More »
The Communication Workers Union (CWU) held a CWU Live YouTube show last Thursday on Parcelforce, the parcel delivery arm of Royal Mail that employs around 6,500 workers across 54 depots in the UK. The CWU billed the event as “PARCELFORCE FENDING OFF THE GIG ECONOMY. READY TO FIGHT?!” promising a …
Read More »
The company’s autonomous drones, which take off and land like an aeroplane, have a 10-metre wingspan and can carry up to 100 kilograms for 1,000km. They would be more likely to be used for bulk deliveries to delivery hubs, rather than dropping letters and parcels at doors. It has secured …
Read More »
A Gloucestershire teenager obtained pills for an illegal abortion while six months pregnant, a court has heard. Sophie Harvey is accused of taking the drug to terminate her pregnancy after discovering she was 28 weeks and five days gestation, making it too late for a legal abortion in England. Prosecutors …
Read More »