company
UK postal and courier service, Royal Mail, has received a takeover bid from Daniel Křetínský, a Czech billionaire who has also invested in Sainsbury's and West Ham United Football Club. Royal Mail has reportedly rejected the offer, however, and, according to Reuters news agency, Křetínský is now renegotiating the offer. Křetínský's EP Group has already acquired a 27.5% ownership share in Royal Mail through his investment entity, Vesa. He reportedly contacted International Distributions Services (IDS), the holding company of Royal Mail, about the offer earlier this month. "EP Group recognises t...
Euronews (English)
On Wednesday, it was reported by Reuters that ProSiebensat.1 called on its shareholders to vote down its top investors' proposals at the annual general meeting next month. MFE, which operates commercial TV businesses in Italy and Spain, is controlled by the family of the late former Italian Prime Minister Silvio Berlusconi. Which cities in Europe are the best for start-up businesses?The company is aiming to spin off ProSieben's e-commerce and dating assets from the group's core TV operations, Reuters said. "In the opinion of the executive board and the supervisory board, a split-up ... lies in...
Euronews (English)
Over 500 employers have been named by the UK government for failing to pay the minimum wage. "The 524 employers were found to have failed to pay their workers nearly £16 million in a clear breach of the National Minimum Wage (NMW) law, leaving over 172,000 workers out of pocket," Kevin Hollinrake MP, Department for Business and Trade, said in a press release. The employers named include major high street brands. "The businesses named in today’s list have since paid back what they owe to their staff and have also faced financial penalties of up to 200% of their underpayment. The investigations ...
Euronews (English)
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