Britain's NatWest share sale to test UK equity market upswing
Government keen to revive share-owning culture via offer
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*Read more(Alliance News) - Royal Mail-owner International Distributions Services PLC on Monday urged UK industry regulator Ofcom to quickly push through changes to mandated postal services as it stood its ground against a possible bid approach.
Read more(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 more(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 moreApril 21 (Reuters) - Fund manager Redwheel said in a statement on Sunday that it supported Royal-Mail owner IDS' board decision to unanimously reject a non-binding share bid from EP Group on 11 April.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:
Read more(Alliance News) - International Distributions Services PLC, the owner of Royal Mail, on Wednesday confirmed it had rejected an "opportunistic" offer from EP Corporate Group AS.
Read moreKretinsky's EP Group made non-binding bid for IDS
*Read moreLVMH climbs as quarterly sales placate industry concerns
*Read more(Alliance News) - Stock prices in London closed largely up on Wednesday, despite hotter-than-expected UK inflation data and more hawkish words from the US Federal Reserve.
Read more(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 more(Alliance News) - Stock prices in London were higher on Wednesday, shaking off a hotter-than-expected UK consumer price index reading, and a warning from Federal Reserve Chair Jerome Powell on the fight to contain inflation in the US.
Read more(Alliance News) - EP Corporate Group AS on Wednesday said International Distributions Services PLC, the owner of Royal Mail, had rejected a bid proposal.
Read more(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.
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