Daniel Kretinsky, the Czech billionaire who recently completed his takeover of Royal Mail, has made a significant appointment by bringing in former UK government minister Greg Hands as an adviser.
The move is a clear signal of Kretinsky's intent to navigate the UK's complex political and regulatory landscape.
Hands, who has a long history in government and a deep understanding of Westminster, will be a key figure in helping the new ownership team manage its relationship with politicians, regulators, and other stakeholders.
The appointment is also a sign of the company's commitment to the UK, as it seeks to reassure the public and the government that the company's future is secure.
The takeover of Royal Mail, a historic and iconic British institution, has been a contentious issue.
The new ownership has a major task ahead of it, including managing industrial relations and investing in the company's long-term future.
The appointment of a well-connected and respected former minister is a strategic move to help them achieve these goals and to ensure a smooth transition to the new ownership.
Shares in UK power company Drax Group PLC fell sharply after the Financial Conduct Authority (FCA) initiated a probe into the firm's accounting practices regarding its 'renewable' fuel sources.
B2B technology firm Computacenter has promoted its head of group commercial finance to the chief financial officer position.
Beacon Rise Holdings has named Mark Tavener, the former finance lead at Manolete, as its new chief financial officer.
The UK's financial watchdog has launched an investigation into the financial health and practices of the London-listed engineering and consulting firm Wood Group.
The £3.6 billion takeover of Just Eat by its major shareholder Prosus has received approval from EU competition watchdogs, paving the way for the deal to be finalized.
The bidding battle for the healthcare property investment firm Assura has intensified, with the competition watchdog taking further action.
The takeover of UK food delivery service Deliveroo by US rival DoorDash will have significant implications for customers, including potential changes to pricing and service offerings.
An explainer on the acquisition of Deliveroo by DoorDash for £3.9 billion outlines what the deal means for customers and the UK food delivery market.
Private equity giant Bain Capital is reportedly considering a bid for the London-listed software firm Craneware, a move that would take the company private.
US food delivery giant DoorDash has agreed to acquire its UK rival Deliveroo for a reported £3.9 billion.
The London Stock Exchange has welcomed Associated British Ports, the UK's largest port operator, to the market following a successful £300 million bond offering.
The former CEO of Metro Bank has stepped down from his role, marking the end of his tenure at the challenger bank.
Londoners are purchasing the lowest proportion of houses outside the capital in over a decade due to stalling local prices and the shift back to office working.
FTSE 100 property developer Berkeley Group has warned of a housing slowdown in London, forecasting further decline unless the government addresses regulatory and tax hurdles.
Amazon offers 45% discount on L'Oreal Paris Laser Renew Anti-Ageing Triple Action Eye Cream.
UK borrowing costs for 30-year debt reached 5.72%, a 27-year high, raising fears of economic decline.
Poundland plans to close up to 68 stores in 2025 following financial difficulties and restructuring.
Chancellor Rachel Reeves announced the autumn budget for November 26, aiming to address a £30 billion deficit with growth measures.
Financial expert Martin Lewis has issued a strong warning against criminals who use his name and deepfake technology in 'disgraceful' online adverts to scam vulnerable people, after a woman's husband lost thousands of pounds.
The Powerball jackpot has soared to an estimated $1.3 billion, the fifth-largest in the lottery's history, after no winning ticket was sold in the latest drawing, marking the 41st consecutive drawing without a winner.
The UK's long-term borrowing costs have reached a 27-year high, fueling speculation about the government's economic credibility and the future of Chancellor Rachel Reeves following a significant government reshuffle.
Experts caution that Premium Bonds winnings may lead to unexpected tax bills depending on how they’re used.
McVitie’s introduces a new caramel-flavoured Penguin biscuit available in major UK supermarkets just in time for autumn.
Despite a wider trend of decreasing car insurance premiums in the UK, a new report indicates that prices for drivers under the age of 25 have seen a recent increase.
A major government reshuffle has fueled speculation about the future of Chancellor Rachel Reeves as the UK's long-term borrowing costs reach a 27-year high amidst broader European economic uncertainty.
The Powerball jackpot has skyrocketed to an estimated $1.3 billion after no one won the top prize in the latest drawing, marking the 41st consecutive drawing without a winner and setting up the fifth-largest jackpot in the lottery's history.
Greggs has introduced a £5 meal deal nationally along with new autumn-inspired menu items including Chicken Fajita Bake and Pumpkin Spice specials.
Financial expert Martin Lewis has issued a powerful warning against online criminals who use his name and deepfake technology in 'disgraceful' adverts to scam vulnerable people, after a woman's husband lost thousands of pounds.
New data reveals councils increasingly use one-off cash incentives to persuade private landlords to accept homeless households, costing taxpayers millions.
Councils are spending millions placing homeless families in hotels due to housing shortages, raising questions about long-term policy failures.
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