Billionaire Buys Royal Mail
This is a UK news story, published by BBC, that relates primarily to Daniel Kretinsky news.
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Royal Mail: What made a billionaire want to buy this fading relic
76% Informative
Daniel Kretinsky , 49 , is worth 6bn according to the Sunday Times Rich List .
He co-owns a football club and is a major investor in a British supermarket.
His bid to buy Royal Mail's parent company was cleared by the UK government.
Royal Mail was founded by Henry VIII more than 500 years ago and still carries the royal cipher on its vans.
It is losing money and market share, has been fined for missing delivery targets.
Billionaire buys 27.5% stake in Royal Mail's parent company, International Distribution Services .
Royal Mail hopes regulator will reduce requirement to deliver second -class letters from six days a week to every other weekday .
Ofcom chief executive Dame Melanie Dawes says there are "real questions about what the service needs to be going into the future".
Sainsbury 's will be the first supermarket to partner with Royal Mail and install parcel lockers at supermarkets.
Amazon already has 5,000 lockers across the UK and InPost has 7,500 in the UK .
VR Score
76
Informative language
73
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35
Article tone
semi-formal
Language
English
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46
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Attention-grabbing headline
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9
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