Tag Archives: Royal Mail

Royal Mail is poised to accept a £3.5bn takeover offer from Czech billionaire Daniel Kretinsky, paving the way for the postal service to fall into foreign ownership for the first time in its 500-year history. The board of parent company International Distributions Services (IDS) is expected to recommend a firm …

Minister for Disabled People, Health and Work, Mims Davies MP, has recently highlighted that the Department for Work and Pensions (DWP) has managed to cut down the waiting times for Personal Independence Payment (PIP) appeals to just 39 days. The improvement, according to Ms Davies, is due to enhanced “processes …

Sir David Attenborough and Richard Armitage lead Leicestershire’s nominations for this year’s National Television Awards (NTAs). The tale of the county’s historical royal seducers is also shortlisted for this year’s glitzy ceremony which is voted for by the public. Sir David, who grew up in Leicester, has the joint most …

One part of Plymouth has become a “banking desert”, along with 29 other areas across the UK. Plymouth Moor View is the only area in the South West that does not have a single branch open. The number of UK bank branches to close their doors in the past nine …

Martin Seidenberg, chief executive of parent company IDS, said: “In the last six months we have set Royal Mail on the right trajectory. We made good progress delivering our modernisation agenda and returned to growth in the second half. “We have improved quality, won back customers lost during industrial action, …

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so-called universal service obligation (USO), which requires it to deliver letters six days a week, warning that outdated regulations …

Royal Mail owner fails to publish financial results amid impending takeover bid. The owner of Royal Mail has failed to publish its annual trading … Source link

Royal Mail disclosed the total number of penalties issued after Labour MP Liam Byrne, who is chairman of the Business and Trade Committee, wrote to the firm’s new chief executive Emma Gilthorpe demanding answers in light of the public concern. However in his response to the Committee, acting chief executive …

The takeover of Royal Mail by billionaire Daniel Kretinsky’s private equity firm EP Group moved a step closer Friday, with Chancellor Jeremy Hunt appearing to welcome a £3.5 billion buyout of Royal Mail shareholders. EP Group’s takeover bid marks a new stage in the wrecking operation against Royal Mail since …

Royal Mail has already urged regulators to let it cut second-class services in half  By Emily Hawkins City Reporter Published: 20:38 EDT, 19 May 2024 | Updated: 21:01 EDT, 19 May 2024 Fears over the future of second-class Royal Mail deliveries are building amid a proposed £3.5billion takeover of the …