Live coverage of business, economics and financial news as ECB expected to cut interest rates by 0.25 percentage points in effort to support growthIt was a flash reading on the Eurozone economy, so we donโt have the details on what the drivers were. Bu…
From post and planes to TV, phones and retail chains โ and even a central bank โ here are the chiefs facing the most testing of timesA year is a long time in business: enough time for things to turn sour financially, or to engineer a comeback. Here are…
The sale of the British postal service to Czech businessman Daniel Kretinsky was made official on Monday, December 16. The billionaire will have to contend with a decline in mail volumes, only partially offset by an increase in parcel deliveries, write…
Penalty almost double previous yearโs over failure to meet delivery targets
Daniel Kretinsky is understood to have offered a series of concessions to the UK government.
Business secretary is due to meet Czech tycoon to discuss a takeover the Guardian has raised questions aboutParadise islands and Prague properties: questions over Daniel Kลetรญnskรฝโs business linksThe business secretary, Kemi Badenoch, is being pressed …
Czech billionaireโs long-time business partners linked to controversial global property dealsOn Pragueโs exclusive Paลรญลพskรก Street sits a nondescript brown door.Lodged between a designer clothing shop and a luxury luggage store, it is the gateway into …
New Kลetรญnskรฝ bid creates headache for UK government amid growing scrutiny on foreign takeovers of critical infrastructureThe owner of Royal Mail has backed a ยฃ3.5bn offer for the postal company from a Czech billionaire after he sweetened the value of …
Discussions between the Czech billionaireโs EP Group and IDS have deepened after rejection of his initial ยฃ4.5bn offer
Live, rolling coverage of business, economics and financial markets as UK postal service says it wants to cut 1,000 jobs and cut delivery daysThe question on economistsโ lips after the surprise easing of eurozone inflation is: will the European Central…
SNEAK PEEK โ Government should measure debt management better, MPs say. โ Budget latest as Hunt looks to play it safe. โ Banks try to solve Companies House mystery. Good morning readers! Budget day beckons โฆ are you excited? Today weโve got a damning report from MPs, budget goss, and depressing mortgage stats. Just another [โฆ]
UK regulator outlines proposals to ease financial pressures on postal provider
UKโs Royal Mail braced for review result as Saturday letter deliveries expected to be cutRoyal Mail is braced for the outcome of a five-month review by the communications industry regulator, Ofcom, on Wednesday. The watchdog is poised to lay out option…
