Czech stamp of approval provides Royal Mail boost

Rumours that a Czech billionaire may be weighing up a bid for Royal Mail once again swirled around the City yesterday. Shares in the postal giant jumped 10p, or 5.8 per cent, to 182¼p after it was confirmed that Daniel Kretinsky, through his Vesa Equity investment vehicle, had upped his stake in the company to 9.8 per cent.