What has been agreed under the Royal Mail takeover and what are the next steps?
3 weeks, 2 days ago

What has been agreed under the Royal Mail takeover and what are the next steps?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Royal Mail is set to fall into foreign ownership for the first time in its more than 500-year history after the Government approved the takeover by Czech billionaire Daniel Kretinsky. Business Secretary Jonathan Reynolds confirmed the Government had agreed a series of legally-binding commitments with Mr Kretinsky’s EP Group over the £3.6 billion takeover of Royal Mail owner International Distribution Services. Mr Kretinsky has agreed to keep the brand name and Royal Mail’s headquarters and tax residency in the UK for the next five years. Another key agreement is for the Government to hold a “golden share” in the postal service, meaning it will need to approve any key changes to Royal Mail’s ownership, headquarters location and tax residency.

London Royal National Takeover Mail Royal Mail Ids Kretinsky Ep Group Mr Kretinsky  kretinsky  group  commitments  sign  royal  agreed  takeover  key  mail  national  deal  steps  shareholders

History of this topic

How will the government keep the Royal Mail in the UK now it’s been sold?
3 weeks, 1 day ago

How will the government keep the Royal Mail in the UK now it’s been sold?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The British government has been …

Royal Mail sold to Czech billionaire: Kretinsky secures iconic institution’s future in Britain
3 weeks, 1 day ago

Royal Mail sold to Czech billionaire: Kretinsky secures iconic institution’s future in Britain

Firstpost  

The historic Royal Mail, tracing a history back to the reign of Henry VIII in the 1500s, is set all set to change hands as it will be sold to Czech billionaire Daniel Křetínský. However, Royal Mail’s headquarters and tax residency will remain in the United Kingdom for at least five years Royal Mail, a historic institution dating back to …

UK government approves $4.6-billion takeover of Royal Mail by a Czech billionaire
3 weeks, 2 days ago

UK government approves $4.6-billion takeover of Royal Mail by a Czech billionaire

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Britain's government gave the go-ahead …

UK government approves $4.6-billion takeover of Royal Mail by a Czech billionaire
3 weeks, 2 days ago

UK government approves $4.6-billion takeover of Royal Mail by a Czech billionaire

Associated Press  

LONDON — Britain’s government gave the go-ahead Monday for the sale of Royal Mail’s parent company to a Czech billionaire, paving the way for the postal service to pass into foreign ownership for the first time in its 500-year history. Authorities confirmed Monday that the 3.6 billion-pound takeover of Royal Mail’s owner, International Distribution Services, by billionaire Daniel Kretinsky’s EP …

Royal Mail takeover by Czech billionaire Daniel Kretinsky ‘approved’
3 weeks, 3 days ago

Royal Mail takeover by Czech billionaire Daniel Kretinsky ‘approved’

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The sale of Royal Mail’s parent company to a Czech …

Royal Mail: Britain clinches the terms of the deal to sell 500-year-old postal service to a Czech billionaire
Trending News
3 weeks, 3 days ago

Royal Mail: Britain clinches the terms of the deal to sell 500-year-old postal service to a Czech billionaire

CNN  

London CNN — Royal Mail, which dates back to the reign of Henry VIII in the 1500s, is set to be sold to a Czech billionaire in a deal that will keep the institution based in Britain. Daniel Křetínský’s EP Group has made “legally binding commitments” to the UK government as part of the process to buy the postal service …

Royal Mail close to being sold to Czech billionaire Daniel Kretinsky
1 month, 1 week ago

Royal Mail close to being sold to Czech billionaire Daniel Kretinsky

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Royal Mail is close …

Foreign swoop on Royal Mail 'to be approved': Czech Sphinx billionaire set to reach agreement with ministers
1 month, 2 weeks ago

Foreign swoop on Royal Mail 'to be approved': Czech Sphinx billionaire set to reach agreement with ministers

Daily Mail  

The takeover of Royal Mail by a Czech billionaire looks set to be approved by ministers. Trade union bosses representing around 100,000 posties told their members it was 'likely the Government will clear' the £3.6billion sale to Daniel Kretinsky on national security grounds. The Czech Sphinx: Foreign billionaire Daniel Kretinsky looks set to be given permission to take control of …

Crunch time in battle for Royal Mail: New regulations threaten 'Czech Sphinx' deal
1 month, 4 weeks ago

Crunch time in battle for Royal Mail: New regulations threaten 'Czech Sphinx' deal

Daily Mail  

As the holiday season looms into view, Royal Mail is joining M&S, Sainsbury’s, Aldi et al in the advertising battle for Christmas revenues. Owner International Distribution Services finds itself under intense regulatory scrutiny following the board’s decision to sell-out to Czech billionaire Daniel Kretinsky for £3.6billion in a debt-fuelled takeover. Telecoms tycoon: Royal Mail finds itself under intense regulatory scrutiny …

Royal Mail’s service must dramatically improve if time is called on Saturday deliveries
4 months ago

Royal Mail’s service must dramatically improve if time is called on Saturday deliveries

The Independent  

Here’s the truth – we send far fewer letters than we used to. It is against this backdrop that the watchdog Ofcom kicked off a “national debate” on the future of the Royal Mail’s universal service obligation at the beginning of the year. Ofcom, in announcing its favoured way forward, cited research showing that the public “recognised that the way …

Cabinet Office ‘calls in’ Czech billionaire’s £3.57bn Royal Mail takeover
5 months, 1 week ago

Cabinet Office ‘calls in’ Czech billionaire’s £3.57bn Royal Mail takeover

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Czech billionaire Daniel Kretinsky’s £3.57 …

Commitments from firm bidding for Royal Mail takeover not strong enough – union
7 months ago

Commitments from firm bidding for Royal Mail takeover not strong enough – union

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. CWU general secretary Dave Ward said: “We made it …

Royal Mail owner approves £3.5bn takeover deal with Czech billionaire
7 months, 1 week ago

Royal Mail owner approves £3.5bn takeover deal with Czech billionaire

The Independent  

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Royal Mail announces it has been bought for £3.57 billion by Czech billionaire Daniel Kretinsky's EP Group
7 months, 1 week ago

Royal Mail announces it has been bought for £3.57 billion by Czech billionaire Daniel Kretinsky's EP Group

Daily Mail  

The board of Royal Mail owner International Distribution Services said it has agreed to a £3.57 billion takeover offer from Czech billionaire Daniel Kretinsky's EP Group. Royal Mail parent company International Distribution Services says it has agreed a £3.57bn takeover by Czech businessman Daniel Kretinsky Mr Kretinsky already owned more than a quarter of IDS, and has stakes in several …

Royal Mail probe as figures reveal how much first-class post actually arrives on time
7 months, 2 weeks ago

Royal Mail probe as figures reveal how much first-class post actually arrives on time

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Regulators have launched …

Royal Mail: Meet Czech billionaire Daniel Křetínský who wants to buy Britain’s postal service
7 months, 3 weeks ago

Royal Mail: Meet Czech billionaire Daniel Křetínský who wants to buy Britain’s postal service

CNN  

London CNN — Royal Mail dates back to the Tudors. British logistics company International Distribution Services, which owns the loss-making postal service, said Wednesday that it was “minded to recommend” to its shareholders a £3.70-per-share takeover offer from Křetínský’s EP Group. A spokesperson for the UK Department for Business and Trade told CNN that it had “no current plans” to …

Letter deliveries six days a week are on the verge of being axed, union bosses hint
8 months, 1 week ago

Letter deliveries six days a week are on the verge of being axed, union bosses hint

Daily Mail  

Union bosses have hinted they will accept an end to six-day letter deliveries, paving the way for Royal Mail to make historic cuts to postal services. The Communication Workers Union leaders have suggested they will back reforms to the universal service obligation, which legally guarantees deliveries six days a week. Union bosses have hinted they will accept an end to …

Royal Mail workers have endured ‘roller coaster’ few years, says union
8 months, 2 weeks ago

Royal Mail workers have endured ‘roller coaster’ few years, says union

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Royal Mail workers have endured …

Royal Mail's £5 fake stamp fines are a cynical way to make us pay for its failures
8 months, 2 weeks ago

Royal Mail's £5 fake stamp fines are a cynical way to make us pay for its failures

Daily Mail  

Royal Mail is one of this country's most iconic brands, woven indelibly into the fabric of our society. Yet it is only since the introduction of barcoded stamps in early 2022 that Royal Mail has the true scale of the issue been revealed Counterfeit stamps have always been a problem for Royal Mail. Although it is relatively easy for counterfeit …

Royal Mail: Key findings from Ofcom’s review into the postal service
11 months, 2 weeks ago

Royal Mail: Key findings from Ofcom’s review into the postal service

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Industry watchdog Ofcom has warned …

Sunak rules out three-day letter deliveries in clash over Royal Mail
11 months, 2 weeks ago

Sunak rules out three-day letter deliveries in clash over Royal Mail

The Telegraph  

Rishi Sunak has ruled out plans to allow Royal Mail to cut back on letter deliveries just hours after they were proposed by the postal regulator Ofcom. The regulator has set out proposals to overhaul Royal Mail’s universal service obligations, which include a requirement to deliver letters Monday to Saturday. Responding to the proposals on Wednesday, the Prime Minister said: …

Royal Mail hails best Christmas for four years
11 months, 3 weeks ago

Royal Mail hails best Christmas for four years

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Royal Mail has cheered its …

Royal Mail hails turnaround plan after best Christmas in four years
11 months, 3 weeks ago

Royal Mail hails turnaround plan after best Christmas in four years

The Telegraph  

Royal Mail hailed its best Christmas in four years after a “marked improvement” in performance during the final three months of 2023. Despite the improved trading, Royal Mail failed to hit targets that would have handed workers a bonus of £500. Martin Seidenberg, chief executive of parent company International Distributions Services, praised the “extraordinary efforts” of staff over the critical …

Royal Mail warns taxpayer bailout may be needed to keep service afloat
11 months, 3 weeks ago

Royal Mail warns taxpayer bailout may be needed to keep service afloat

The Telegraph  

Royal Mail has warned that it may need a taxpayer bailout to keep the postal service afloat amid a sharp decline in letter sending. Martin Seidenberg, the chief executive, said it was “simply not sustainable” to maintain a delivery network built for 20bn letters when the company was now only delivering 7bn. Royal Mail has been campaigning for a relaxation …

Royal Mail owner chooses new boss from Dutch subsidiary
1 year, 5 months ago

Royal Mail owner chooses new boss from Dutch subsidiary

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The company behind Royal Mail …

Private delivery firms struggle with huge demand as Royal Mail workers strike
2 years ago

Private delivery firms struggle with huge demand as Royal Mail workers strike

The Telegraph  

Writing on social media, it said the hold-up was because of “significantly increased demand due to Royal Mail and rail strikes as well as the demands of the festive season”. Thousands of Royal Mail staff gathered for a rally in central London last week to protest against pay and conditions in what they claimed was the biggest postal workers’ demonstration …

Britain faces ‘de facto general strike’, says postal union chief
2 years, 1 month ago

Britain faces ‘de facto general strike’, says postal union chief

The Telegraph  

“What happened to the business leaders who were genuine innovators?” said Mr Ward. On Saturday afternoon the union posted videos online which it said showed thousands of undelivered letters and parcels being held in Royal Mail warehouses. Mr Ward said: “If Amazon were in control of Royal Mail’s infrastructure, I guarantee you now they would be leveraging that as a …

End of Saturday letters looms as Czech billionaire cleared to invest in Royal Mail
2 years, 2 months ago

End of Saturday letters looms as Czech billionaire cleared to invest in Royal Mail

The Telegraph  

A billionaire Czech investor is expected to push for the end of Saturday letter deliveries and a renewed focus on parcels after ministers gave him licence to tighten his grip on Royal Mail. Mr Kretinsky is thought to be supportive of existing plans by Royal Mail executives to end Saturday letter deliveries following a dramatic decline in the amount of …

Letter deliveries to be delayed until 5pm in Royal Mail shake-up
2 years, 5 months ago

Letter deliveries to be delayed until 5pm in Royal Mail shake-up

The Telegraph  

Thousands of households across Britain will not receive their post until after 5pm under a major shake-up proposed by Royal Mail. With many online shopping orders now made late at night, bosses want postmen and women to set off on their rounds later to give time for “next day” packages to arrive at sorting offices. A Royal Mail spokesman on …

Royal Mail temporarily suspends Saturday letter service due to ‘severe’ absence levels among staff
4 years, 8 months ago

Royal Mail temporarily suspends Saturday letter service due to ‘severe’ absence levels among staff

The Independent  

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