Czech Sphinx plots £800m Royal Mail investment to topple Amazon in UK parcel war July 14, 2024 Kretinsky’s Royal Mail takeover has ignited a national security investigation with critics wary of a historic British institution falling into foreign hands.
Kretinsky mulls giving Royal Mail staff a stake as part of £3.6bn deal June 26, 2024 The Czech billionaire that is looking to buy Royal Mail is weighing up giving staff a stake in the business if his offer is accepted.
Business secretary Kemi Badenoch to discuss Royal Mail bid with Czech Sphinx June 6, 2024 The owner of Royal Mail, last week agreed a £3.6bn takeover by Kretinsky’s EP Group, valuing the business at just above £5.2bn.
Royal Mail: Has privatisation delivered success for crown jewel as £3.5bn takeover looms? June 2, 2024 A decade after it was privatised, Royal Mail is poised for another major shake up - but how has it fared since its last sale?
Royal Mail bidder Daniel Kretinsky: We’ll deliver a turnaround or ‘go home’ June 2, 2024 Daniel Kretinsky, dubbed the Czech Sphinx, has dominated City chatter over the past few weeks after tabling a £3.6bn takeover deal for Royal Mail.
The City is underpricing how likely a Kretinsky-owned Royal Mail is May 30, 2024 British post for British doors, then, even if it arrives three days late? That certainly seems to be the Square Mile’s assumption, with shares in Royal Mail owner IDS only nibbling up 4 per cent or so yesterday despite news of a bid far north of its existing price. The working theory is that Daniel [...]
The City’s betting the Royal Mail bid gets lost in the post. But will it? May 29, 2024 While it is true the Royal Mail deal may face some regulatory resistance, the alternative situation may be worse for the next government.
Royal Mail owner finally delivers annual results… and news of an Ofcom probe May 24, 2024 Regulators have launched an investigation into Royal Mail after it delivered less than three quarters of first class post on time in the last year.
Daniel Kretinsky: Man behind Royal Mail takeover bid sees net worth jump to £6bn May 17, 2024 Czech billionaire Daniel Kretinsky, who is currently trying to buy Royal Mail owner International Distribution Services (IDS), saw his net worth rise by £2bn over the last year.
Union appears to support Royal Mail proposals to end Saturday post April 28, 2024 The Communication Workers Union (CWU) had been a major obstacle to Royal Mail's efforts to reduce its loss-making daily deliveries.