Royal Mail shareholder slams takeover bid as government comes under fire Business The second largest independent shareholder in Royal Mail's parent company, International Distributions Services (IDS), has publicly backed the company's rejection of a takeover bid.
The week that was: London woes, hedge funds short on water, and confusing jobs data London Confusing inflation data, further tribulations for water firms and yet more woes for the London Stock Exchange, we review another busy week in the City.
‘Czech Sphinx’ West Ham director makes bid for Royal Mail owner IDS Royal Mail EP Corporate Group submitted a proposal to IDS's board last week, seeking to purchase all outstanding shares.
Why there’s doubt over Royal Mail’s fourth chief in five years, before she’s even started April 4, 2024 Royal Mail's incoming chief Emma Gilthorpe has not yet stepped foot in the door but she already faces scepticism about her credentials.
Royal Mail modernisation plan: What changes is it proposing and how could they affect you? April 3, 2024 Royal Mail has proposed several measures to "deliver a more efficient and more financially sustainable Universal Service".
Royal Mail flies in new boss Emma Gilthorpe from Heathrow Airport April 2, 2024 Emma Gilthorpe will undergo an intensive induction process before taking over full responsibility for Royal Mail group in the summer.
Minister to discuss handing Post Office ownership to workers February 4, 2024 The Post Office minister is set to discuss the possibility of moving to a new ownership structure at a meeting with workers.
Royal Mail: Analysts and businesses warn delivery cuts no panacea to firm’s woes January 24, 2024 Losing daily Royal Mail deliveries could risk “real disruption” to the nation’s finances, MPs and business lobbyists have warned.
Royal Mail chief warns network ‘not sustainable’ and ‘urgent action’ needed to save it January 18, 2024 The chief of embattled Royal Mail has called for "urgent action" as the postal service braces against inflation and dwindling letter volumes.
Fragrance Direct predicts return to growth after ‘challenging year’ January 15, 2024 Fragrance Direct has said it expects its performance to improve over the coming months after blaming its fall in sales on a number of factors including the cost-of-living crisis.