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Pin to quick picksInternational Distributions Services Share News (IDS)

Share Price Information for International Distributions Services (IDS)

London Stock Exchange
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Share Price: 365.60
Bid: 365.20
Ask: 365.60
Change: 0.20 (0.05%)
Spread: 0.40 (0.11%)
Open: 365.20
High: 365.60
Low: 365.20
Prev. Close: 365.40
IDS Live PriceLast checked at -

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EP Group IDS takeover clears UK national security law

Fri, 20th Dec 2024 07:03

(Sharecast News) - The UK government has cleared the £3.6bn sale of Royal Mail parent company International Distribution Services to Czech billionaire Daniel Kretinsky's EP Group.

In a statement issued on Friday, EP Group said it had met requirements under Britain's National Security and Investment Act to "provide services that are in support of UK national security".

Under the terms of the deal, the government will keep a golden share in IDS that will require it to approve any major changes to Royal Mail's ownership, HQ location and tax residency.

EP Group will also have to maintain the Universal Service Obligation (USO), which currently means it has to deliver letters six days per week on a one-price-goes-anywhere basis, Monday to Saturday, and parcels Monday to Friday.

The USO is currently under review. Royal Mail has told industry regulator Ofcom that cutting second class deliveries to every other weekday would save up to £300m a year and give the business "a fighting chance".

Reporting by Frank Prenesti for Sharecast.com

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30 Jan 2025 08:59

Royal Mail set to axe Sat 2nd class deliveries under Ofcom proposals

(Sharecast News) - Britain's Royal Mail is set to axe Saturday deliveries and provide an alternate-day service for second class letters, under proposals put forward the regulator Ofcom.

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30 Jan 2025 08:55

UK Ofcom proposes 2nd class letters delivery on alternate week days

(Alliance News) - Royal Mail is set to be allowed to ditch Saturday deliveries for second class letters under plans being put forward by Ofcom that will also see wider postal delivery targets cut in the UK.

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15 Jan 2025 10:27

UPDATE: IDS revenue increases as Royal Mail provides Christmas boost

(Alliance News) - International Distribution Services PLC on Wednesday said it expects Royal Mail to return to profitability this financial year as its takeover deal presses ahead following key regulatory clearances.

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15 Jan 2025 10:10

IDS quarterly revenue increases as Royal Mail provides Christmas boost

(Alliance News) - International Distribution Services PLC on Wednesday said it expects Royal Mail to return to profitability this financial year as its takeover deal presses ahead.

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15 Jan 2025 07:56

Christmas parcels help IDS to slight revenue rise in Q3

(Sharecast News) - International Distribution Services reported a slight rise in revenue during the busy Christmas period as its Royal Mail business handled more international parcels.

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20 Dec 2024 16:05

London close: Stocks mixed as US PCE inflation holds steady

(Sharecast News) - London stocks ended the day on a mixed note Friday, as investors weighed weaker-than-expected UK retail sales growth and cooler US price growth than anticipated.

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20 Dec 2024 10:44

IN BRIEF: EP takeover of Royal Mail parent gets UK security clearance

International Distribution Services PLC - London-based post and parcels delivery firm that owns Royal Mail - Acquisition by Daniel Kretinsky's EP Group AS gets UK security clearance. The UK government on Monday confirmed it had cleared the way for the 500-year-old postal service to pass into foreign ownership for the first time, having secured legally-binding commitments from Kretinsky to maintain a universal service. However the GBP5.3 billion deal still was conditional on separate clearance under the UK National Security & Investment Act 2021. This was confirmed by the chancellor of the Duchy of Lancaster, who is Pat McFadden. Some regulatory conditions remain to be satisfied, but EP says on Friday it expects the IDS takeover offer to be declared unconditional in the first quarter of 2025.

Read more
16 Dec 2024 15:35

London close: Stocks weaker ahead of key central bank decisions

(Sharecast News) - London stocks ended lower on Monday as investors adopted a cautious stance ahead of a week filled with major central bank policy decisions.

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16 Dec 2024 12:04

LONDON MARKET MIDDAY: Stocks red as UK consumer confidence erodes

(Alliance News) - Stock prices in London were down at midday on Monday, while in corporate news Videndum shares fell after its trading update disappointed.

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16 Dec 2024 10:03

UPDATE: UK government confirms Royal Mail sale to EP Group is cleared

(Alliance News) - Royal Mail's sale to Czech billionaire Daniel Kretinsky has been cleared by the UK government, paving the way for the more than 500-year-old postal service to pass into foreign ownership for the first time, PA reports.

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16 Dec 2024 09:17

Royal Mail takeover by Daniel Kretinsky cleared by UK government

(Alliance News) - Royal Mail's takeover by a Czech billionaire has been given the green light by the UK government, allowing the postal service to pass into foreign ownership for the first time.

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13 Dec 2024 09:02

Royal Mail fined £10.5m for missing delivery targets

(Sharecast News) - Royal Mail has been fined £10.5m by the communications regulator Ofcom for failing to meet delivery targets for first and second-class mail in the 2023-2024 financial year.

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13 Dec 2024 07:47

Ofcom fines IDS unit Royal Mail for missing delivery targets

(Alliance News) - Regulator Ofcom has fined Royal Mail GBP10.5 million for missing its post delivery targets in the 2023-2024 financial year.

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13 Dec 2024 07:43

LONDON BRIEFING: Sterling suffers as UK economy in surprise shrink

(Alliance News) - London's FTSE 100 is called to open higher on Friday, shaking off poor UK data, a sharp decline in Asian equities, and weaker trade in the US overnight.

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