Royal Mail goes ahead with cuts to UK flights despite takeover

Three more freight flights to go this month as parent company's CEO Martin Seidenberg pursues transformation

The boss of Royal Mail's parent company has said it will push on with a transformation of the group despite its 3.57bn takeover, as Royal Mail prepares this month to cut more daily freight flights.

Martin Seidenberg, the chief executive of International Distribution Services, plans the biggest network change in 20 years" to revamp Royal Mail's deliveries despite uncertainty created by the Czech energy tycoon Daniel Kretinsky's takeover, which has been backed by the board.