Royal Mail has rebuffed a takeover approach from the Czech billionaire Daniel Kretinsky as the 500-year-old postal service faces the prospect of falling into foreign ownership.
Questor has reversed its “sell” recommendation on RIT Capital Partners following full-year results showing the Rothschild-backed investment trust pulling through the worst slump in its 36-year history.
Curbs on foreign state ownership of British news outlets designed to block the UAE bid for The Telegraph are in line to be weakened following an outcry from owners including Rupert Murdoch.
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