[ad_1] Billionaire suggests costs could continue to spiral in coming years Price of a first-class stamp has risen from 67p in 2018 to £1.35 today IDS accepted £3.6bn offer from Kretinsky after he made series of commitments By Leah Montebello Updated: 16:51 EDT, 2 June 2024 Looking ahead: Daniel Kretinsky The would-be owner of Royal Mail…
[ad_1] The Mail revealed earlier this month that more than 1,000 roles could be cut By Francesca Washtell Updated: 22:01, 1 June 2024 Councils must do everything to help workers who are laid off at Anglo American’s mine in North Yorkshire into new jobs, a former secretary of state has insisted. The Mail revealed earlier…
[ad_1] By Angharad Carrick Updated: 04:34 EDT, 31 May 2024 JD Sports shares tumbled on Friday morning after the retailer revealed a dip in profits, despite the group boasting a ‘strong performance in a challenging market’. The sports fashion retailer’s revenues ticked 2.7 per cent higher to £10.4billion in the year to 27 January, while…
[ad_1] By Alex Brummer for the Daily Mail Updated: 17:01 EDT, 30 May 2024 Jeremy Hunt is having a good election campaign in difficult polling circumstances. He has forced Shadow Chancellor Rachel Reeves on to the back foot on VAT. His approach, however, to the impending disposal of the Royal Mail owner International Distribution Services…
[ad_1] By John-Paul Ford Rojas Updated: 17:00 EDT, 30 May 2024 Chancellor Jeremy Hunt has piled pressure on ‘Czech Sphinx’ Daniel Kretinsky after his £3.6billion bid for Royal Mail sparked fears over the future of the 508-year-old postal operator. Hunt said regulators should look ‘very carefully’ at five-year undertakings made by the billionaire, which include…
[ad_1] By Alex Brummer for the Daily Mail Updated: 17:02 EDT, 29 May 2024 The surrender of the board of Royal Mail owner International Distribution Services (IDS) to the blandishments of Czech billionaire Daniel Kretinsky is a national disgrace. An IDS board, stuffed with the great and the good including chairman Keith Williams and senior…
[ad_1] By John-Paul Ford Rojas Updated: 03:08 EDT, 30 May 2024 ‘Czech Sphinx’ Daniel Kretinsky’s £3.6billion swoop for Royal Mail’s parent company has failed to win over the City – despite the company’s board agreeing to the deal. Shares in International Distribution Services rose 4.3 per cent, or 13.8p, to 335p on the announcement, still…
[ad_1] 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 tradition of the service,…
[ad_1] 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 outlined in its yearly…
[ad_1] 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 businessman Daniel Kretinsky in…