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The Latest Breaking News from GLS

Labour’s gamble with Royal Mail may go horribly wrong

Past talk of renationalisation gives way to approval of takeover in which price of first-class stamp could be set from Prague

The Guardian - UK

Royal Mail revenues boosted by election and rise in stamp prices

Parent firm’s CEO defends postal service after reported delays to ballot papers, saying: ‘What we got, we delivered’

The Guardian - UK

Fat fees for Royal Mail’s advisers, no detail for its shareholders

The offer document for proposed £3.6bn takeover of Royal Mail parent company couldn’t be more vague

The Guardian - UK

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Royal Mail Owner Accepts Czech Billionaire's Takeover

Former state monopoly Royal Mail was privatized in 2013 and has since seen its core letters business ravaged as consumers increasingly communicate online, which has conversely helped its international parcels business, GLS.

International Business Times

Royal Mail parent ‘minded to’ accept £3.5bn takeover bid from West Ham co-owner Křetínský

A deal would see the 500-year-old institution Royal Mail taken off the stock market just under 11 years after it was privatised in an initial public offering

Evening Standard

The Guardian view on Royal Mail: when letters arrive is a social, not market, decision

Editorial: Privatisation has not seen consumer and staff interests properly protected. It is time to consider a different approach

The Guardian - UK

Dead letter office? Royal Mail wrestles with a difficult future

In private hands, the postal service has become a graveyard of management ambitions, beset by discontent and decline. Can yet another new boss save it?

The Guardian - UK

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Royal Mail launches Christmas punctuality bonus as losses soar

Postal service renews call to change universal service obligation as its revenues fall

The Guardian - UK

Royal Mail owner appoints Martin Seidenberg as new chief executive

Former head of Dutch subsidiary will take up role in August, after year of disputes and heavy losses for IDS

The Guardian - UK

With strikes behind them, get ready for Royal Mail’s next battles

The company’s position looks a little stronger now, but other big issues remain

The Guardian - UK

Bank of England denies QE caused double-digit inflation; mortgage arrears and repossessions jump – as it happened

Central bank chiefs tell MPs that unwinding QE is more like descending a mountain than decommissioning a nuclear submarine

The Guardian - UK

No light at the end of the tunnel for Royal Mail negotiations

The mess gets messier as seemingly small differences between company and CWU become magnified

The Guardian - UK

Royal Mail makes its political headache worse

Chief executive’s answers to MPs suggest regulatory headaches may await firm beset by industrial action

The Guardian - UK

Royal Mail boss has a shocker as meeting with MPs doesn’t go well

Simon Thompson seemed to arrive to talk about strikes determined not to answer questions asked

The Guardian - UK

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The Guardian - UK

Glazer’s supposedly reckless financial Man Utd gamble has proved a triumph

Malcolm Glazer’s purchase of the team was an enormous risk. As his sons prepare their exit, they appear on the precipice of victory

The Guardian - UK

Royal Mail’s losses are worsening and the union should start talks

CWU leaders need to reflect on realities of Royal Mail’s deepening financial hole with threat of parent group’s break-up

The Guardian - UK

Royal Mail needs to modernise – but hardball is not way out of dispute

For postal workers, firm’s proposal to hold talks at conciliation service Acas is one to consider seriously

The Guardian - UK

‘We have no choice’: why the strike at Royal Mail is no cookie-cutter pay row

As opening salvo begins in dispute that could reshape a UK institution, group chair does not mince his words

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The Guardian - UK

Prospect of Royal Mail breakup will not improve workers’ mood on eve of strike

Shareholder Daniel Křetínský is seeking a bigger stake, which may be because he is keen to split off GLS

The Guardian - UK

Royal Mail boss is playing hardball, fast … perhaps too fast

Chairman’s threat to spin-off the profitable global parcels business from UK postal service is a significant escalation

Evening Standard

Royal Mail ponders break up as it loses £1m a day

ROYAL MAIL plunged to a dramatic loss and embarked on another corporate rebrand as it headed into a summer of strikes by unhappy workers.

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