[ad_1] The 48-year-old has cited his time growing up during the Velvet Revolution, as the overhaul of Czechoslovakia’s communist government is known, as a driving force behind his love of free markets. Kretinsky trained as a lawyer before joining Slovakian investment group J&T in 1999, where he made his name as a dealmaker. His business…
[ad_1] While Chancellor Jeremy Hunt last night declined to comment directly on the takeover bid, he signalled that the Government would revisit how “former public sector monopolies” are regulated to safeguard the provision of vital services. However, the Labour Party has signalled it is open to Mr Křetínský’s approach. A spokesman for Mr Křetínský pointed…
[ad_1] More recently Royal Mail has become embroiled in a row after a Telegraph investigation revealed that China had flooded Britain with counterfeit stamps, landing victims with £5 penalties. Senior MPs have since called on the postal service to stop the “unfair fines” while it investigates issues with new barcoded stamps, amid concerns its machines…
[ad_1] Costs have not fallen alongside the lower volumes. Royal Mail has blamed the restrictive framework for its hefty losses of £319m in the first half of the year, as well as for a slump in service quality that sparked a record £5.6m fine from Ofcom. Earlier this month, Royal Mail put forward proposals to…
[ad_1] His ownership of significant stakes in Royal Mail and Sainsbury’s has forced him to be more open and, in his first British interview last year, he pledged to keep Royal Mail listed on the stock market, saying it was good if “every British citizen can invest in the shares”. Royal Mail was privatised in…
[ad_1] Post Office bosses plotted to raid convicted sub-postmasters’ pensions to make up account shortfalls, an inquiry heard. David Miller, the Post Office’s former chief operating officer, denied being the architect of what he described as a “horrendous” plan to target the pensions of sub-postmasters accused of theft. The Post Office inquiry was shown minutes…
[ad_1] Yesterday senior MPs called on Royal Mail to stop the fines, which increased last October from £2.50 to £5, as it investigates issues with new barcoded stamps. A spate of customers claim they have been wrongly surcharged. The Liberal Democrats said it was “ridiculous” customers were being caught up in Royal Mail’s “mess” and…
[ad_1] It quickly became the must-have membership of the Covid era. When the Pret coffee subscription was launched in September 2020, it cost £20 a month, with the first month free. Customers loved it. Five drinks a day, ranging from coffee and tea to smoothies, and a sign-up process which saw subscribers sent a QR code by…
[ad_1] Meanwhile Baroness Altmann, vice chairman of the All-Party Parliamentary Group for Consumer Protection, said the law should be changed so that only the Post Office can sell stamps. The former pensions minister said: “We actually got caught out by that last year. My uncle had his birthday last summer and he sent out, the…
[ad_1] An executive at Royal Mail said: “When letters arrive at the mail centre, they all go through the system and the barcode is read. If the barcode comes up as suspicious it is rejected and goes into a separate channel for further checks. “A revenue protection person will then inspect the item using specialist…