International Distributions Services Share News (IDS)

LONDON MARKET CLOSE: Confident trade as US inflation rate cools

(Alliance News) - Stock prices in London closed higher on Wednesday, while the dollar struggled after a softer US inflation reading and weaker retail sales data, which put pressure on the Federal Reserve to consider rate cuts soon.

TOP NEWS: IDS shares up after considers improved offer proposal by EP

(Alliance News) - International Distributions Services PLC said it is minded to recommend a "fair" revised non-binding proposal for a potential takeover offer from EP Corporate Group AS.

London close: Stocks green as US inflation comes in cooler

(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.

Royal Mail owner IDS recommends revised £3.5bn takeover offer from EP Group

(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.

IDS urges Ofcom to accelerate review of Royal Mail reform proposals

(Alliance News) - International Distributions Services PLC on Tuesday outlined a modernisation programme for the Royal Mail, via reform of the postal firm's universal service obligations.

Britain's NatWest share sale to test UK equity market upswing

Government keen to revive share-owning culture via offer

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Sunday newspaper round-up: Royal Mail, Shein, Canary Wharf

(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

Britain's NatWest share sale to test UK equity market upswing

Government keen to revive share-owning culture via offer

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Czech billionaire Kretinsky's energy assets make $7.8 bln core profit in 2023

Reports combined energy segment results

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IDS highlights progress as it reiterates opposition to possible bid

(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.

Redwheel calls for regulator to scale back Royal Mail delivery requirements

(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.

Sunday newspaper round-up: IDS, Ocado, Foxtons

(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

Redwheel backs Royal Mail owner's rejection of Kretinsky share offer

April 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.

LONDON BROKER RATINGS: HSBC likes Haleon, cuts Flutter to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

UPDATE: Royal Mail owner IDS shuns "opportunistic" bid from Kretinsky

(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.