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Tag Archives: Royal Mail

Royal Mail forced to delay results amid £3.5bn takeover bid

It lost £319m in the first half of the year after losing £1bn the previous year amid crippling strike action. Bosses have put forward proposals to shake up the postal service’s so-called universal service obligation (USO), which requires it to deliver letters six days a week, warning that outdated regulations …

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‘Czech sphinx’ billionaire Daniel Kretinsky is warned he MUST pass national security tests and meet trade union demands for his £3.5billion Royal Mail takeover to go ahead

By John-Paul Ford Rojas Published: 18:00 EDT, 17 May 2024 | Updated: 18:09 EDT, 17 May 2024 The Czech billionaire bidding for Royal Mail was today warned he must pass national security tests and meet trade union demands to avoid his £3.5 billion takeover plans being scuppered. Chancellor Jeremy Hunt …

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