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.
Kretinsky mulls giving Royal Mail staff a stake as part of £3.6bn deal Royal Mail 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 Politics 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.
Auditor delay forces Royal Mail owner IDS to postpone annual results May 23, 2024 Royal Mail owner IDS remains in an offer period following an announcement last week about the potential takeover swoop by EP Group.
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.