(Reuters) -The British government has approved Czech billionaire Daniel Kretinsky’s 5.3-billion-pound ($6.69 billion) takeover of Royal Mail owner International Distribution Services, the Financial Times reported on Monday. The approval is set to be announced as early as Monday morning, the report said, citing people familiar with the matter. International Distribution …
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By CALUM MUIRHEAD CHIEF CITY REPORTER Published: 18:48 EST, 15 December 2024 | Updated: 19:14 EST, 15 December 2024 Royal Mail’s takeover by a Czech billionaire has been approved by ministers, it was reported last night. It means that Britain’s postal service — which traces its lineage back to Henry …
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The Czech Sphinx’s bid for Royal Mail has been condemned as seriously undervaluing the business. Former business secretary Vince Cable has warned the Government not to wave through the sale of the Royal Mail to Czech tycoon Daniel Kretinsky, citing his links to Russia and the high amount of debt …
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Brits have been voicing their frustration over the “shocking” cost of Royal Mail stamps, which they believe is contributing to the plummeting sales of Christmas cards in 2024. Reports earlier this week indicated a 23% decrease in boxed card sales and a 15% fall in individual card purchases compared to …
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By ANDY JEHRING Published: 19:04 EST, 13 December 2024 | Updated: 20:39 EST, 13 December 2024 The Royal Mail is struggling with festive demand as workers claim it prioritises Amazon Prime over cards and hospital scans. Posties say sorting offices are the ‘worst in decades’ with letters piling up as …
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Another dip in UK output today added pressure on the Bank of England to consider a back-to-back cut in interest rates. Source link
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ROYAL MAIL’S £10.5 million fine for missing its postal delivery targets in 2023/24 is the “direct result of the deliberate and sustained dismantling of postal services,” the Communication Workers Union (CWU) said today. Regulator Ofcom made the fine — which comes after it issued a £5.6 million penalty in November 2023 — after just under three-quarters …
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Shares in ride-hailing company Uber closed Thursday’s session flat after the stock tumbled in the previous session. The stock was down in Wednesday’s trading session following an announcement from General Motors (GM) that it was pulling the plug on its robotaxi project Cruise. Back in August, Uber announced a partnership …
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The Royal Mail delivery office in Wickford was broken into last night, less than two weeks before Christmas. The postal service was targeted, in the early hours of the morning, with the suspect allegedly taking an empty pot on the counter, used for tips. A spokesperson for Essex Police shared: …
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Brits are being urged to get their last-minute Christmas deliveries together as soon as possible after Royal Mail, Evri and Yodel announced their final deadlines ahead of the bank holidays. Yodel has the earliest deadline as you’ll need to send out your items by Monday, December 16th, if you want …
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