- Reuters
PRESS DIGEST-British Business - April 22
The following are the top stories on the business pages of British newspapers. - The London-listed music rights investment group Hipgnosis Songs Fund is prepared to recommend a $1.5 billion takeover approach from Blackstone if the U.S. investment group makes a firm bid. - Banks face further political pressure over account closures after data disclosed to MPs by the Financial Ombudsman Service showed that complaints about "debanking" had jumped.
- Bloomberg
Royal Mail Owner Says Kretinsky’s $3.9 Billion Bid Too Low
(Bloomberg) -- The owner of Britain’s Royal Mail said it rejected a £3.1 billion ($3.9 billion) bid from Czech entrepreneur Daniel Kretinsky because it “significantly undervalues” the company.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingTesla Asks Investors to Approve Musk’s $56 Billion Pay AgainRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsBankers Hit With Millions in Breakup Fees for Ditching New JobsChina Tells Iran Cooperation Will
- Fortune
500-year-old British mail service ponders cutting deliveries to 3 days a week, eyeing savings up to $828 million
“It is not sustainable to maintain a network built for 20 billion letters when we are now only delivering 7 billion,” Royal Mail's boss said.
