Kretinsky’s EP Group promises to preserve service levels and UK headquarters By Jane Denton Updated: 03:36 EDT, 29 May 2024 Royal Mail owner International Distribution Services has agreed terms for a £3.57billion takeover by Czech billionaire Daniel Kretinsky’s EP Group. Kretinsky said he had the ‘utmost respect’ for the history and …
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By Daily Mail City & Finance Reporter Updated: 17:01 EDT, 27 May 2024 Bad look: Boohoo is facing a shareholder revolt over bosses’ bonuses Boohoo is facing a shareholder revolt over plans to pay bosses bonuses despite losses. The fast fashion giant has been blasted after the £1million payouts were …
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By Jessica Clark Updated: 18:04 EDT, 27 May 2024 Union bosses have warned the ‘Czech Sphinx’ could press ahead with plans to cut up to 1,000 posties if he succeeds in his bid to buy Royal Mail. The Communication Workers Union (CWU) is set to hold talks with the billionaire …
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Bidders for Anglo American and Royal Mail must put forward formal offers If they don’t, they must walk away for at least six months BHP and Daniel Kretinsky have been set a deadline of 5pm on Wednesday By Jessica Clark Updated: 16:50 EDT, 26 May 2024 Two of the biggest …
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Past experience with Labour suggests a preference for stealth taxes By Alex Brummer Updated: 17:01 EDT, 25 May 2024 Rachel Reeves recognises that if she is to march into No 11 Downing Street on July 5 it would be a big mistake to hit voters with huge tax rises straight …
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It had been set to take place as early as next month By Mark Shapland Updated: 22:01, 25 May 2024 The sale of Government shares in NatWest to the public could be scrapped after the Treasury confirmed that the sell-off had been postponed for the General Election. ‘A retail offer …
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London is currently vying with New York for the blockbuster £53bn float By Emily Hawkins Updated: 22:00, 25 May 2024 Some of Britain’s largest fund managers have spoken out against plans for fast fashion giant Shein to float in London. London is currently vying with New York for the blockbuster …
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By Jessica Clark Updated: 16:50 EDT, 24 May 2024 Royal Mail’s owner yesterday insisted the postal service is back on track despite missing delivery targets and losing nearly £1m a day over the past year. The results came days before a crunch deadline that could see the 508-year-old firm fall …
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By Alex Brummer for the Daily Mail Updated: 16:50 EDT, 24 May 2024 The wheels of commerce spin ever faster with a rush of FTSE 350 takeover bids. But the General Election campaign will usher in a period of regulatory purdah. The effort by Czech billionaire Daniel Kretinsky to swallow …
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By Emily Hawkins Updated: 17:00 EDT, 21 May 2024 Taking the cake: Lidl sales in the three months to May 12 were 9.4% higher than the same period a year earlier Lidl won a record share of the grocery market this spring while arch-rival Aldi lost ground. As a fierce …
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