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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff and Alex Lawson

Royal Mail owner warns Czech billionaire’s offer could create risk around finances

Royal Mail IDs Daniel Křetínský Ofcom EP
Royal Mail is also being investigated by Ofcom for the second year in a row for failing to meet its annual delivery targets.
Royal Mail is also being investigated by Ofcom for the second year in a row for failing to meet its annual delivery targets. Photograph: Andy Rain/EPA

Royal Mail’s owner has warned that a potential £3.5bn bid by the Czech billionaire Daniel Křetínský could create risk around the company’s finances.

The warning came as the industry regulator Ofcom announced that it had opened an investigation into the parent group, International Distributions Services (IDS), for failing to meet its annual delivery targets for the second year in a row. Last year, Ofcom fined the company £5.6m for failing to meet its first-class and second-class delivery targets in 2022-23.

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The Guardian - UK
The Guardian - UK
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