Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Royal Mail ‘considering £430m swoop for Czech rival’

by December 13, 2023
December 13, 2023
Royal Mail ‘considering £430m swoop for Czech rival’

The owner of Royal Mail is reportedly considering a bid for Czech parcel giant Packeta before the latest round of bids is revealed on Friday.

International Distributions Services is said to be considering going in for the company which operations in central and eastern Europe, according to a report in The Times.

This comes after Royal Mail’s owner IDS has been blighted by widening losses, heavy strike action and reputational damage.

service obligation after trebling losses to £319m in the first half of the year, as reported last month.

According to the Times, Packeta operates in  Slovakia, Poland, Hungary, Romania and Germany in addition to the Czech Republic, and was put up for sale in May.

The potential swoop comes as Royal Mail’s debts swell to around £1.5bn, meaning further expansion could prove controversial.

Last month, IDS said it is working to improve quality after profits plunged amid a torrid year of strikes and customer let-downs.

IDS chief executive Martin Seidenberg said his number one goal is to improve the quality of the group’s services.

“From experience,” he said, “I know that quality is key for customer satisfaction and sustainable growth, so we are pulling out all the stops to deliver Christmas for our customers.”

A spokesman for International Distributions Services said: “We never comment on rumour or speculation.”

Read more:
Royal Mail ‘considering £430m swoop for Czech rival’

0
FacebookTwitterGoogle +Pinterest
previous post
Octopus Energy and The Hill Group partner to deliver UK’s biggest ‘Zero Bills’ development
next post
FCA chief warns severe consequences for lying about ‘debanking’

You may also like

Warner Bros confirms huge expansion of Watford studios

September 22, 2023

Secrets of Success: Dawn Baxter, CEO and Founder...

January 24, 2024

Amazon doubles creative industry apprenticeship funding to £2m

June 23, 2023

7 Ways to make passive income from rental...

May 2, 2023

HMRC poised to scrap ‘double taxation’ of IR35...

September 15, 2023

UK economy grows 0.1% in November

January 13, 2023

Northumberland gigafactory plans suffers setback as Britishvolt owner’s...

June 25, 2023

Saudis buy 49% stake in Forte Hotels group

December 5, 2023

Etsy sellers call for boycott after money held

August 2, 2023

Questions mount for DHSC as PPE Medpro case...

June 19, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Padel club boom sees 3,200 venues built in 2024 as global popularity accelerates

      June 27, 2025
    • Sweet or taxable? M&S strawberry sandwich sparks new VAT debate

      June 27, 2025
    • Starmer thanks business for footing tax bill

      June 27, 2025
    • UK SMEs must strengthen cybersecurity as geopolitical threats escalate, warns Espria

      June 27, 2025
    • Jeremy Hunt ‘made a mistake’ targeting non-doms, says shadow business secretary

      June 27, 2025
    • Small firms raise alarm over Companies House rule change forcing profit disclosure

      June 27, 2025

    Categories

    • Business (8,326)
    • Investing (2,074)
    • Politics (15,824)
    • Stocks (3,172)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved