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The Latest Breaking News from Royal Mail

Union calls for Royal Mail staff to get ‘serious stake’ in service after takeover

Daniel Křetínský, who is bidding £3.6bn for the business, has hinted at ‘incentive scheme’ for workers if successful

The Guardian - UK

L&G to sell Glencore stake over thermal coal concerns; global economy ‘on track’ for soft landing – as it happened

Some Legal & General Investment Management funds will divest from Glencore Plc on concerns about its production of the most polluting fuel.

The Guardian - UK

Royal Mail owner faces £900m class action claim for ‘abusing dominant position’

International Distributions Services served with action over sending out ‘bulk mail’, including bank statements and weekly magazines

The Guardian - UK

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Royal Mail takeover has benefits but poses risk to those reliant on UK’s national postal service

Selling a British institution to a foreign billionaire is a big deal. In the case of Royal Mail, that deal is not yet done, but the company’s board has agreed to the move in principle.

The Conversation

Wake up, fund managers: the Royal Mail bid needs more scrutiny

Big shareholders should speak out on whether the Daniel Křetínský-led £3.6bn takeover offer represents a fair price

The Guardian - UK

Badenoch urged to scrutinise business links of Royal Mail bidder Křetínský

Business secretary is due to meet Czech tycoon to discuss a takeover the Guardian has raised questions about

The Guardian - UK

Royal Mail bidders, paradise islands and Prague properties: questions asked over Daniel Křetínský’s business links

Czech billionaire’s long-time business partners linked to controversial global property deals

The Guardian - UK

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Postal workers union wants Royal Mail staff to have stake in business

CWU calls for new business model and says commitments for takeover do not ‘go far, or long enough’

The Guardian - UK

Royal Mail owner agrees to takeover by Czech billionaire Daniel Kretinsky

A centuries-old British institution is set to be sold to a foreign firm. Royal Mail's parent company has accepted a £3.6 billion takeover offer by Czech billionaire Daniel Kretinsky's EP group. Privatised about a decade ago, the postal service that dates back to Tudor times has struggled in the era…

France 24

What will Royal Mail’s takeover mean for customers and postal workers?

The billionaire Daniel Křetínský, AKA the Czech Sphinx, is poised to buy the business – but what does he have planned?

The Guardian - UK

Royal Mail’s foreign sale could put a 500-year-old national service in jeopardy

Czech tycoon’s private buyout of UK postal group would come with very limited assurances – and a weight of added debt

The Guardian - UK

Czech Investor Acquires Royal Mail In .6 Billion Deal

Czech investor Daniel Kretínský's EP Group acquires Britain's Royal Mail for .6 billion, ensuring continuity of service.

Top News

UK's Royal Mail Buyout: Who Is Czech Billionaire Kretinsky?

A billionaire with interests in football clubs, media outlets, supermarkets and now the potential new owner of Britain's Royal Mail, Czech Daniel Kretinsky retains a stubbornly low profile internationally.

International Business Times

OPINION - It’s too expensive to send a letter — we should renationalise Royal Mail, not sell it abroad

The other day I got the shock of my life at the post office where I was sending a letter to Ireland to find the nice man on the counter was asking me for £2.50 for a stamp. Two. Pounds. Fifty. “What,” I said weakly. “Yep,” he said, plainly used…

Evening Standard

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International Business Times

Why UK Major Firms Are Facing Takeover Attempts?

Mining giant Anglo American, cyber security firm Darktrace and Royal Mail parent IDS -- three major UK companies in the midst of big takeover bids.

The Independent UK

Owner of UK's Royal Mail says it has accepted a takeover offer from a Czech billionaire

The owner of Britain’s Royal Mail says it has accepted a 3.6 billion pound ($4.6 billion) takeover offer from Czech investor Daniel Křetínský

International Business Times

Royal Mail Owner Accepts Czech Billionaire's Takeover

Former state monopoly Royal Mail was privatized in 2013 and has since seen its core letters business ravaged as consumers increasingly communicate online, which has conversely helped its international parcels business, GLS.

Evening Standard

FTSE 100 Live 29 May: Blue-chips slide, Ocado and St James' Place in for relegation

Global stock markets remain under pressure as worries mount that interest rates will stay high for longer.

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news in one place.

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The Guardian - UK

BHP walks away from £39bn pursuit of Anglo American; Royal Mail agrees to £3.57bn takeover by Czech billionaire Daniel Křetínský – as it happened

Royal Mail’s parent company IDS agrees takeover offer but BHP’s pursuit of Anglo fails

The Guardian - UK

Royal Mail owner agrees to £3.57bn takeover by Czech billionaire

Cash offer from Daniel Křetínský’s EP Group still needs approval from shareholders and government

The Independent UK

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

Shareholders will vote on the deal at International Distribution Services’s next annual general meeting in September

Evening Standard

Royal Mail owner IDS accepts £3.5bn bid from West Ham co-owner Křetínský

Křetínský has agreed that Royal Mail will deliver first-class post six days a week for the next five years after the acquisition but there are no guarantees on what happens after that

The Guardian - UK

Royal Mail and Anglo American shareholders braced for final takeover offers

Deals this month could see two of the UK’s most prominent companies fall into foreign ownership

The Independent UK

Royal Mail probe as figures reveal how much first-class post actually arrives in a day

The regulator Ofcom has launched an investigation into Royal Mail over missing post targets

The Guardian - UK

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

IDS says a change in ownership may lead to ‘material uncertainty’ over the company’s future

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