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Evening Standard
Who is Daniel Kretinsky, the Czech billionaire trying to buy Royal Mail?
The board of Royal Mail’s parent company has accepted a £3.57 billion offer to buy the group from Czech billionaire Daniel Kretinsky.If the deal goes through, it would see the organisation become part of Mr Kretinsky’s company, EP Group.But who is Mr Kretinsky – and why is he trying to buy the postal service?– How …
Business
Evening Standard
Brits still pampering their pets, but Covid sales boom is over Pets At Home results show
The Covid pet boom is over and trading is “subdued” at leading player Pets At Home.It saw profits for the year down 14% to £106m in a “pivotal year” as its digital platform was launched to customers.But it thinks this year will be easier and appears unconcerned by a watchdog review into competition in the …
Business
Sky News
Klarna ditches investor veto on share trades as $20bn float looms
Klarna, the buy now pay later (BNPL) finance giant, has removed the right of large shareholders to block smaller investors’ share trades ahead of a prospective $20bn (£15.7bn) US float.Sky News has learnt that the Stockholm-based company, which has in the region of 150m customers, notified investors last week that it had taken control of …
Business
Sky News
City grandee Flint faces investor unrest over IP Group role
Sir Douglas Flint is facing mounting unrest over his stewardship of IP Group, the London-listed investor in early-stage science and technology companies.Sky News has learnt that Lombard Odier, one of IP Group’s top-three shareholders, has expressed misgivings over the company’s leadership in recent months, fuelling speculation in the City that Sir Douglas could step down. …
Business
Euro News
Can Swiss chocolate giant Lindt thrive with sky-high cocoa prices?
Business
Sky News
Who is the ‘Czech Sphinx’ taking charge of the UK’s postal service?
Daniel Kretinsky is becoming the new man in charge of the Royal Mail.The takeover of Royal Mail by his EP Group has been approved by the government. The board of Royal Mail’s parent company, International Distribution Services (IDS), announced in May it had agreed to a takeover of the postal service by EP Group, which …
Business
Evening Standard
Royal Mail owner IDS accepts £3.5bn bid from West Ham co-owner Křetínský
Royal Mail is heading for foreign ownership for the first time in its 508-year history after its parent company accepted a £3.5 billion takeover bid, but questions remain over its status as the UK’s universal postal service provider beyond 2029.International Distributions Services, which owns Royal Mail as well as a Dutch deliveries business, today revealed …
Business
Evening Standard
Who is Daniel Křetínský, the Czech billionaire buying Royal Mail?
Czech billionaire Daniel Křetínský is set to be the next owner of Royal Mail, after its parent company International Distributions Services (IDS) today accepted a £3.5 billion offer from him..Kretinsky said: “IDS, and Royal Mail in particular, form part of the national infrastructure of the countries they operate in. More than that, Royal Mail is part …
Business
Euro News
AI fuels surge in tech company earnings in Europe and the US
Business
Sky News
Royal Mail owner agrees to £5.3bn takeover by West Ham co-owner
The owners of Royal Mail have agreed to a multi-billion pound takeover bid by Czech billionaire Daniel Kretinsky.The company’s parent firm International Distribution Services (IDS) said its board of directors had approved the deal after a formal offer was made earlier this month. It said the agreement included a series of “contractual commitments” to protect …
Business
Sky News
Deputy of FTX crypto king Sam Bankman-Fried jailed
A former top executive at FTX has been jailed for more than seven years over his role in the collapse of the cryptocurrency exchange.Ryan Salame, 30, is the first deputy at the company to be sentenced following the conviction of its “crypto king” boss Sam Bankman-Fried. FTX suddenly went bankrupt in November 2022 – leaving …
Business
Euro News
Luxury perfumes from Lancôme and Aerin linked to child labour

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