Kretinsky and UK business secretary hold 'constructive' talks on Royal Mail takeover
29th Jul 2024 11:02
(Sharecast News) - Czech billionaire Daniel Kretinsky held "constructive" talks with UK business secretary Jonathan Reynolds last Tuesday regarding his proposed takeover of Royal Mail parent company International Distribution Services.
Read moreGovernment to scrutinise £5.3bn Royal Mail takeover
22nd Jul 2024 12:39
(Sharecast News) - The new Labour government is set to look closely at the £5.3bn takeover of Royal Mail-owner International Distribution Services by Czech billionaire Daniel Kretinsky.
Read moreIDS Q1 revenues rise 8.4% on strong parcel demand, UK postal votes
18th Jul 2024 08:02
(Sharecast News) - Royal Mail owner International Distribution Services said first-quarter revenues rose 8.2% driven by strong parcel demand and more postal votes during the recent UK general election.
Read moreCzech's in the post as Kretinsky strikes £5.3bn deal for Royal Mail
29th May 2024 07:02
(Sharecast News) - Royal Mail owner International Distribution Services on Wednesday said it had reached agreement with Czech billionaire Daniel Kretinsky on a takeover worth up to £5.3bn for the 500-year-old company.
Read moreRoyal Mail owner IDS delays results amid takeover bid
23rd May 2024 14:13
(Sharecast News) - Royal Mail owner International Distribution Services said on Thursday that it has had to delay the publication of its full-year results - which were originally due on Thursday morning - after auditor KPMG requested additional time to complete procedures.
Read moreLondon close: Stocks recoup some earlier losses
17th May 2024 15:52
(Sharecast News) - London stocks remained in negative territory by Friday's close, although they managed to recoup some of the losses seen earlier in the session as Wall Street opened with positive momentum.
Read moreForeign bid for Royal Mail would face security review - Hunt
17th May 2024 10:06
(Sharecast News) - Any takeover bid for the Royal Mail owner International Distributions Services would be subject to routine national security scrutiny but it would not be opposed in principle, British Finance Minister Jeremy Hunt said on Friday.
Read moreLondon close: Stocks green as US inflation comes in cooler
15th May 2024 15:00
(Sharecast News) - London markets ended on a positive note on Wednesday, with strong showings from the likes of Experian and Imperial Brands, as investors digested slower-than-expected consumer inflation figures out of the United States.
Read moreRoyal Mail owner IDS recommends revised £3.5bn takeover offer from EP Group
15th May 2024 14:40
(Sharecast News) - Shares in Royal Mail owner International Distributions Services (IDS) surged on Wednesday afternoon after its board recommended a revised offer from billionaire Daniel Křetínský's EP Group which values the company at £3.5bn.
Read moreSunday newspaper round-up: Royal Mail, Shein, Canary Wharf
28th Apr 2024 13:20
(Sharecast News) - The heads of the Communication Workers Union have acquiesced to Royal Mail's demand to end six-day-a-week letter deliveries, paving the way for historic cuts to postal services. Royal Mail wants to amend its universal service obligation so that it must only deliver second-class post every other day. Nonetheless, first-class mail would continue to be delivered on Saturday, union sources said. Ofcom has yet to respond to Royal Mail's proposals. - The Sunday Times
Read moreRedwheel calls for regulator to scale back Royal Mail delivery requirements
22nd Apr 2024 11:47
(Sharecast News) - Royal Mail owner International Distributions Services' third-largest shareholder said the company was "vulnerable to corporate predators" as a result of obligations requiring it to deliver letters six days a week.
Read moreSunday newspaper round-up: IDS, Ocado, Foxtons
21st Apr 2024 16:47
(Sharecast News) - Asset manager Redwheel told regulators they should reduce the UK postal service's legal obligations. The move followed a failed buyout attempt by Daniel Kretinsky for International Distributions Services, its parent company. The billionaire investor was said to be evaluating a possible improved bid. The company meanwhile has petitioned Ofcom to let it cut the number of days per week during which it must deliver second-class mail from six to two or three. That would save the company £300m and see it shrink its workforce by 1,000. According to Redwheel, as first reported by the Sunday Times, the enforced costs of its legal obligations left the company "vulnerable to corporate predators". - Guardian
Read moreLondon close: Stocks mixed as bargain hunters pick over FTSE 100
17th Apr 2024 16:34
(Sharecast News) - London stocks showed a mixed performance by the close on Wednesday, with the top-flight index in the green as investors hunted for bargains after its four-week low on Tuesday.
Read moreRoyal Mail-owner rebuffs takeover approach
17th Apr 2024 11:32
(Sharecast News) - Shares in International Distribution Services soared on Wednesday, after it emerged that Czech billionaire Daniel Kretinsky had made a takeover approach for the Royal Mail owner.
Read moreLondon close: Stocks reverse losses to finish slightly higher
3rd Apr 2024 16:07
(Sharecast News) - London markets saw modest gains by the close on Wednesday, following Wall Street higher in afternoon trading.
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