Royal Mail to cut thousands of jobs in sweeping overhaul Business Royal Mail will cut as many as 2,500 jobs as part of a root-and-branch overhaul that the ailing postal service hopes will reduce its overheads at a time of dwindling usage and scrutiny over its delivery performance. The group, which was bought off the London Stock Exchange by Czech billionaire Daniel Kretinsky in 2024, unveiled [...]
Sadiq Khan ready to discuss ‘any credible proposal’ from West Ham for London Stadium Sport Business Mayor Sadiq Khan has invited a bid from West Ham United to buy the London Stadium, saying he “would consider any credible proposal” to offload the publicly subsidised venue. Lord Khan also talked up “recent improvements” in relations between the East London club and the GLA-owned stadium operator – an apparent nod to the growing [...]
Mark Kleinman: English football’s New Deal heads into injury time Business Mark Kleinman is Sky News’ City editor and the man who gets the Square Mile talking in his City AM column New season, new deal? As England football supporters dust themselves down from the disappointment of yet another latter stages defeat on the international stage, their attention switches back to the domestic game. The most important early season [...]
Royal Mail boss pay soars to £7m despite profit slip June 23, 2026 The boss of Royal Mail’s owner has seen his pay packet almost triple to £7m in the same year that profit at the firm fell by almost a fifth. Martin Seidenberg, chief executive of International Distribution Services (IDS), saw his total pay packet jump from £2.1m last year to £6.9m in the year to March. [...]
West Ham sponsor Boyle Sports ‘extremely concerned’ by David Sullivan allegations June 10, 2026 West Ham United sponsor Boyle Sports has expressed its serious concern at the allegations made against the club’s majority owner David Sullivan. Reporting by the BBC and The Times this week focused on claims that Sullivan had exploited his position as a publisher to pressure young women into sexual activity. Sullivan, 77, has strongly denied [...]
West Ham: Daniel Kretinsky named joint-chair and set to increase stake April 21, 2026 Royal Mail owner Daniel Kretinsky has become joint-chair of West Ham United after reportedly agreeing a deal to increase his stake in the Premier League club. The Czech, whose EP Group completed a £3.6bn takeover of Royal Mail owner IDS last year, is expected to up his shareholding in West Ham to more than 40 [...]
Baroness Karren Brady steps down as West Ham United vice-chair April 21, 2026 Baroness Karren Brady has ended a 16-year tenure as vice-chair of West Ham United with the club under threat from relegation. The 57-year-old, who was paramount in the London club’s move from Upton Park to the London Stadium, has the role she held alongside joint-chair David Sullivan, ending a 40 year professional relationship between the [...]
Royal Mail owner to be grilled by MPs over delivery performance March 1, 2026 The Czech Billionaire who took over the parent company of the postal service last year is expected to face questions about the company’s failure to meet performance targets. The Business and Trade Committee has called on Royal Mail owner Daniel Kretinsky to present evidence to MPs in response to “significant concerns” raised around the service’s [...]
Royal Mail owner set to return to profit in first figures since £3.6bn takeover August 31, 2025 The owner of Royal Mail is expected to show a return to annual earnings on Monday in the firm’s first set of results since the completion of its £3.6bn takeover by Czech billionaire Daniel Kretinsky. International Distribution Services (IDS) will post figures for the 12 months to 31 March after a milestone year for the [...]
Owners of London Stadium forced to pay West Ham United £3.6m January 27, 2025 The owners of West Ham United’s London Stadium have been forced to cough up £3.6m after losing a court case against the Premier League club. E20 Stadium, set up by publicly-owned London Legacy Development Corporation (LLDC), must pay back the multi-million pound sum to the club after West Ham challenged a payment they made to [...]