Britain's centuries-old Royal Mail is set to pass into foreign ownership after the UK government Monday approved the takeover of its parent company by Czech billionaire Daniel Kretinsky's EP Group.
The takeover approach attracted significant scrutiny this year, and needed to be sanctioned by the government given the national importance of Royal Mail and the postal service in the UK.
Regulator Ofcom has fined Royal Mail £10.5m for missing its post delivery targets in the 2023-2024 financial year. The fine is the second in two years, after the watchdog fined the company £5.6m ...
Royal Mail has been fined £10.5m for missing postal delivery targets. Regulator Ofcom said 74.7% of first class mail and 92.7% of second class was delivered on time in 2023/24. The targets were ...
However, the Conservatives sold the government’s final shares in Royal Mail in 2015. Justin Madders, UK minister for employment rights, competition and markets, said in statement to the UK ...
Dec 13 (Reuters) - Britain's media regulator Ofcom on Friday fined Royal Mail, owned by International Distribution Services (IDS) (IDSI.L), opens new tab, 10.5 million pounds ($13.26 million ...
LONDON: Britain’s centuries-old Royal Mail is set to pass into foreign ownership after the UK government on Monday approved the takeover of its parent company by Czech billionaire Daniel ...
The UK government is clearly satisfied with Mr Kretinsky's Russian ties but they will likely come under greater scrutiny. In Royal Mail, he sees a challenge and an opportunity to turn around and ...
Royal Mail is the UK's flagship postal carrier, ensuring mail is responsibly delivered and collected across the country. The British postal service aims to deliver to all addresses across the UK ...