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so-called universal service obligation (USO), which requires it to deliver letters six days a week, warning that outdated regulations …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