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...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”....
...Royal Mail remains the UK’s largest delivery group, but it has lost market share as postal workers resisted plans to change working practices and the company struggled to adapt to the changing market....
...Munich Re chair Nikolaus von Bomhard and his BASF counterpart Kurt Bock were both previously the most senior operational executives at their respective groups....
...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”....
...For Křetínský, whose approach was rejected, unlocking value would surely require more radical surgery, breaking off the group’s international delivery business GLS....
...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...
...There were CEOs at Royal Mail and GLS, its Netherlands-based logistics business, and a chair for the overall group....
...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...
...Wood’s stock languishes around 142p — a painful 41 per cent below the final takeover price offered by Apollo a year ago before the private equity group got cold feet....
...LockBit’s attack in early 2023 on Royal Mail, the UK’s postal service, thrust the group into the spotlight, while November’s attack on the ICBC sent shockwaves through the financial world....
...Royal Mail, which was privatised just over a decade ago, has battled flagging demand for its services, strikes and growing competition from groups such as Amazon....
...This story was corrected to reflect that Group 1 Automotive has 55 sites in the UK, not 51 as indicated in a previous version....
...Royal Mail’s parcel market share dropped from 34 per cent to 25 per cent in between 2020 and 2022, according to analysis group Pitney Bowes....
...personages, they evoke survivors of catastrophe, here slavery, but I thought too of all our journeys through life, each distinctive, fragile, worn down in different places, finding solace in the huddled group...
...The Mauritius-headquartered group is trying to stop the export of goods seized by Mozambican food trading firm Royal Group, as a long-running dispute between the two companies escalates, people familiar...
...The group estimated the rule would cost airlines $33bn over 10 years....
...Britain will deploy a Royal Navy task group to the eastern Mediterranean and from Friday will conduct military surveillance missions in the region in a show of support for Israel....
...Cook “certainly always gave the impression of someone who was very much in control of his brief”, said Crozier, now chair of telecoms group BT....
...Meanwhile, the entity in question — Change Healthcare — is restoring its systems, after reportedly paying a $22mn ransom to the BlackCat hacker group. But investors should pay close attention....
...Royal Rumble When a sex trafficking lawsuit aimed at the WWE founder was filed after the company inked a $5bn deal with Netflix, executives went into damage control mode, the Hollywood Reporter writes....
...In a report on Sunday, a cross-party group of MPs warned that the Royal Navy was contending with “readiness gaps and capability shortfalls”, despite claims it was undergoing a “maritime renaissance”....
...By contrast, concert promotion, by far Live Nation’s biggest division with 82 per cent of group revenue, pulled in only 17 per cent of total AOI....
...That segment is dominated by UK-listed Gym Group and private equity owned PureGym....
...But Royal Mail, the only UK delivery group required to deliver mail at the same cost to all Britons, has continued to face accusations of lacklustre performance across the country....
...Carnival and Royal Caribbean, the two sector leaders, are among the top 10 performers on the S&P 500 this year....
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