International Distributions Services Share News (IDS)

TOP NEWS: IDS says Royal Mail on the right trajectory as loss narrows

(Alliance News) - Royal Mail owner International Distribution Services PLC on Friday said "positive momentum is building" as it reported an improvement in its financial fortunes.

IN BRIEF: Royal Mail owner IDS results delayed as KPMG needs more time

International Distributions Services PLC - London-based Royal Mail owner - Confirms delay to publication of results for the financial year ended March 31, which it had aimed to release on Thursday. Explains its auditor KPMG requested additional time to complete the usual standard procedures, noting that their internal reviews were late in the audit timetable. Further, IDS confirms it expects its adjusted operating profit excluding voluntary redundancy costs for the financial year to be broadly in line with its previously published guidance.

Royal Mail owner IDS delays results amid takeover bid

(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.

Royal Mail owner fails to publish financial results; eyes takeover bid

(Alliance News) - The owner of Royal Mail has failed to publish its annual trading update, scheduled for early Thursday morning, as the group heads towards a potential overseas takeover.

London close: Stocks recoup some earlier losses

(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.

Foreign bid for Royal Mail would face security review - Hunt

(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.

UK earnings, trading statements calendar - next 7 days

Housing stocks push FTSE 100 to a record close

U.S. CPI data softer than expected Experian jumps on upbeat revenue growth forecast

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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