A highly contagious variant of Covid, named FLiRT, is seeing a rapid spread across the UK, as cases continue to climb. The feared new strain has taken dominance following a surge in positive tests for the deadly virus. In the final fortnight of April in the US, this particular variant, …
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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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The investor’s company EP Group has submitted a revised of 370p per share for the company, an increase of 16pc on a previous offer which had been rejected. The billionaire was previously vetted under national security and investment rules in October 2022, when his stake in the company rose to …
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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 …
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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 …
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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 …
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“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 …
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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 …
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