Tag Archives: Royal Mail

Kemi Badenoch last night warned the Royal Mail she will not allow it to be sold to a foreign buyer unless there are guarantees over the protection of vital services. Amid mounting fears over what the proposed £3.5 billion takeover by a Czech billionaire will mean, the Business Secretary held …

Mr Seidenberg is also understood to have used the meeting, which was arranged before Mr Kretinsky’s takeover bid emerged, to lobby for reform of Royal Mail’s universal service obligation (USO).  The company has submitted proposals that would see second class letters delivered just three times a week, while the six-day …

The Government has shown little appetite to mount a defence. The Chancellor has talked in platitudes about how there are lessons to be learned from the debt crisis that has engulfed Thames Water at the same time as repeating the tired yet vague mantra that Britain must ensure it continues …

“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 …

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 …

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 …

Czech billionaire Daniel Křetínský might be the next owner of Royal Mail, after its parent company International Distributions Services (IDS) … Source link

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 …

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 …

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 …