Royal Mail allowed to ditch Second Class Saturday deliveries Business This morning, regulator Ofcom has said it is proposing to scrap Second Class letter deliveries on Saturdays and reduce the service to alternate weekdays while lowering Royal Mail’s delivery targets. In a statement published this morning, titled ‘Protecting the postal service for the future,’ Ofcom said Royal Mail’s universal service agreement “urgently needs reform to [...]
Here’s what the Czech Sphinx is planning for Royal Mail Retail EP Group will offer a legally binding guarantee that there will be no change in control of GLS or Royal Mail for three years following the acquisition.
Czech Sphinx plots £800m Royal Mail investment to topple Amazon in UK parcel war Business Kretinsky’s Royal Mail takeover has ignited a national security investigation with critics wary of a historic British institution falling into foreign hands.
What is waiting in business secretary Jonathan Reynolds’ in-tray? July 8, 2024 Jonathan Reynolds’ in-tray is already piling up with urgent issues. We take a look at a few of the day one problems facing the new business secretary.
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.
Daniel Kretinsky ‘ready to consider’ giving workers a stake in Royal Mail June 17, 2024 Kretinksy struck a deal with International Distributions Services (IDS), the owner of Royal Mail, late last month for £3.6bn, but it has been far from sealed.