Royal Mail boss pay soars to £7m despite profit slip Transport & Infrastructure 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 Sport Business 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 Sport Business 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 [...]
Royal Mail IDS owner to return to profit as Kretinsky takes reins January 15, 2025 The owner of Royal Mail is set to return to profit just as its long drawn out sale to Daniel Kretinsky nears completion thanks to a welcome uplift in the number of parcels it delivered over Christmas. International Distribution Services (IDS) said Royal Mail’s “successful Christmas period” saw it process 188m tracked parcels, a 19 [...]
‘Czech Sphinx’ Royal Mail takeover signed off by government and unions December 16, 2024 The takeover of Royal Mail parent company International Distribution Services has been signed off by the government and unions, as EP Group is now set to officially gain control of the firm. The £3.6bn takeover by ‘the Czech Sphinx’, billionaire Daniel Kretinsky, was approved by shareholders in September, and was waiting on approval from the [...]
Vince Cable warns against bid by the ‘Czech Sphinx’ for Royal Mail December 15, 2024 Former business secretary Vince Cable has warned the Government not to wave through the sale of the Royal Mail to Czech tycoon Daniel Kretinsky, citing his links to Russia and the high amount of debt involved. Cable was the architect of the privatisation of the postal service in 2013, overseeing a £3.3bn deal which led [...]