Tag Archives: WEU

Cash deal with PE firm Altor and minority shareholders Will boost Nordic presence, DNB CFO says No job cuts expected, deal to finalise in H1 2025 STOCKHOLM, Oct 21 (Reuters) – Norway’s largest bank DNB (DNB.OL), opens new tab has agreed to buy Swedish investment bank and asset manager Carnegie …

Oct 21 (Reuters) – Parcel services firm GLS, the international sister business to the UK’s Royal Mail, has agreed to buy a 20% stake in Greece’s ACS for 74 million euros ($80.06 million), their parent International Distribution Services (IDSI.L), opens new tab said on Monday. Under the deal GLS will …

July 20 (Reuters) – Royal Mail’s parent group International Distributions Services (IDS) (IDSI.L) appointed Martin Seidenberg, CEO of the group’s international parcels network, as its new group CEO on Thursday. Seidenberg, who previously spent 15 years at Deutsche Post DHL, joined GLS in 2015 and has been a member of …

June 19 (Reuters) – The largest union of UK’s Royal Mail will resume voting on an agreement reached with the British postal firm on June 22, after updating its terms to focus on restoring the quality of services and increasing the one-off lump sum payout to employees. The Communication Workers …

May 24 (Reuters) – Royal Mail’s largest union warned on Wednesday it would suspend voting on an agreement reached with the British postal services firm last month over pay and worker terms, charging the firm of not abiding by some of the agreed-upon conditions. The Communication Workers Union (CWU) had …

May 15 (Reuters) – Ofcom, Britain’s communications regulator, said it launched a probe on Monday into Royal Mail’s failure to meet delivery targets in the past year, adding it would consider imposing a financial penalty. Royal Mail earlier said it did not meet delivery targets for 2022-2023, blaming union disputes …

May 12 (Reuters) – Royal Mail’s CEO Simon Thompson plans to step down later this year, saying it was the “right time” for the company to move forward under new leadership, as the British postal group tries to draw a line under a lengthy pay dispute. Parent company International Distributions …

May 8 (Reuters) – Royal Mail’s parent (IDSI.L) could announce the UK postal services firm’s CEO Simon Thompson’s exit as soon as this week, Sky News reported on Monday. The report said the exit plan could be delayed beyond this week but an announcement will be made before annual results …

April 24 (Reuters) – Daniel Kretinsky is seeking to take control of debt-laden French supermarket chain Casino (CASP.PA), in a deal that would bring several well-known retail brands under the Czech billionaire’s umbrella in France. Kretinsky, 47, a former investment bank lawyer who built one of Europe’s largest energy groups, …

April 15 (Reuters) – Britain’s Royal Mail and the Communication Workers Union (CWU) have reached a proposed agreement over pay and employment terms, which will be considered by the union’s executive before being voted on by members, the two sides said in a joint statement. More than 110,000 postal staff …