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...produced by a working group that he chaired in 2022....
...Royal Mail owner International Distributions Services has rejected a £4.5bn takeover approach by Czech billionaire Daniel Křetínský’s investment group, calling the timing of the bid “opportunistic”....
...Vale faces a £3bn lawsuit in the Netherlands from 77,000 claimants over the 2015 Mariana dam collapse in Brazil, opening a new front in legal action against the mining group and its project partner BHP over...
...The deal put it in the vanguard of the generative AI revolution alongside groups such as OpenAI and Inflection....
...The Royal Society for the Prevention of Cruelty to Animals also said the delays had “a huge impact” on the charity and the sector as a whole....
...Křetínský had made clear his intention not to break up IDS by separating the lossmaking Royal Mail from the group’s profitable European logistics business GLS, or touch the group’s pension scheme surplus...
...A 29 per cent rise in Philips’ share price on Monday added €5.4bn to the group’s market value....
...The San Francisco-based group reported operating profit of $172mn for the first three months of the year, compared with analysts’ forecasts for more than $600mn....
...And there have been other interests, including Telegraph Media Group. Křetínský’s investment group said Royal Mail was in a “challenging situation” and under “unsustainable pressure”....
...Dutch group Philips has agreed to settle litigation linked to its machines that treat night-time breathing problems for $1.1bn, ending a long-running legal battle and sending its shares up as much as 37...
...Second-class letters would be delivered only three times a week and bulk business mailings would take three days to reach recipients under sweeping changes to Royal Mail’s obligations the group has proposed...
...For Křetínský, whose approach was rejected, unlocking value would surely require more radical surgery, breaking off the group’s international delivery business GLS....
...Undeterred by the initial rejection, EP Group said it recognised that the Royal Mail was an “important national asset that would benefit from being able to take a longer-term view”....
...There were CEOs at Royal Mail and GLS, its Netherlands-based logistics business, and a chair for the overall group....
...The legal costs included Uber agreeing to pay $178mn to settle a class-action lawsuit brought by taxi drivers in Australia....
...STDC has already spent more than £3.1mn on legal fees in the case, according to board papers published in February....
...There would be “no legal merger without our support”, he said. Frontline pulled out of the Euronav transaction in January 2023, prompting legal action by Euronav to try to make it happen....
...The group recorded a £319mn operating loss for the six months to September 24, its most recent full results, as rivals such as DPD, Evri, DHL and UPS snap at its heels for a slice of large online retailers...
...The option is part of a broader review of the universal service obligation, the Royal Mail’s legal requirement to deliver post across the country six days a week....
..., companies and trade groups....
...Asked whether she believes in checks and balances, a major concern for civil rights groups and investors, she said: “I believe in freedom. I believe in democracy. And that the people should decide.”...
...Potentially adding to the company’s financial woes, mail group Whistl announced in November that it was bringing a £600mn legal case against Royal Mail....
...The far-right Alternative for Germany suffered a major legal defeat on Monday after a court ruled the country’s domestic intelligence agency acted lawfully in designating it a suspected extreme right-wing...
...The CBI has settled legal action brought against it by its former director-general Tony Danker after his dismissal in April, the UK business lobby group said on Monday....
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