No ‘free pass’ for Royal Mail as Ofcom review gets underway Media Communications watchdog Ofcom is considering reforms to the UK’s embattled postal service, with changes to second class letter delivery proposed in order to help turn Royal Mail around. It follows the launch of a “national debate” earlier this year on how to ensure the postal service remains affordable, efficient and sustainable amid declining letter volumes [...]
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.
Royal Mail: Postal votes boost revenue at IDS as ‘Czech Sphinx’ Kretinsky commits to six-day service retail The owner of Royal Mail has pointed to record levels of postal votes and campaigning literature as being the forces behind sizeable increases in volumes and revenue, as its bidder re-committed to the universal service obligation for at least five years.
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.
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?
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.
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.
‘Czech Sphinx’ West Ham director makes bid for Royal Mail owner IDS April 17, 2024 EP Corporate Group submitted a proposal to IDS's board last week, seeking to purchase all outstanding shares.