International Distributions Services Share News (IDS)

Royal Mail to axe Saturday second-class deliveries, lower delivery targets

(Sharecast News) - Britain's Royal Mail has been given permission to axe the Saturday delivery of second-class letters and lower reliability targets under new rules by industry regulator Ofcom.

IN BRIEF: International Distribution Services to be delisted next week

International Distribution Services PLC - London-based owner of Royal Mail - EP Corporate says it now has received 90.15% acceptances of its GBP3.6 billion takeover offer. As a result of passing the 90% threshold, EP Corporate, the vehicle of Czech billionaire Daniel Kretinsky, will now move to compulsory acquisition of remaining IDS shares. EP Corporate expects to cancel the trading of IDS shares on the London Stock Exchange by Monday next week. Under the terms of the offer, shareholders will receive 370 pence for each IDS share. The deadline for acceptances is June 11. The takeover offer is worth GBP5.3 billion including IDS's debt.

LONDON BRIEFING: Rentokil sells Workwear unit; Pets at Home profit up

(Alliance News) - London's FTSE 100 is set to open higher on Wednesday, as new data shows UK homebuyers are typically agreeing sales more than GBP15,000 below the asking price, and Thames Water is hit with the biggest ever fine from Ofwat totalling nearly GBP123 million.

LONDON MARKET CLOSE: Stocks down before long weekend, Powell's speech

(Alliance News) - Stock prices in London closed in the red on Friday, following US President Donald Trump's renewed tariff threats against the EU and Apple.

Ofcom investigates Royal Mail after it misses delivery targets again

(Alliance News) - Regulators have launched an investigation into International Distribution Services PLC's Royal Mail after it delivered just over three-quarters of first-class post on time last year, missing its delivery targets set by the communications watchdog.

UK dividends calendar - next 7 days

IDS says Royal Mail concerned over proposed Ofcom changes

(Alliance News) - International Distribution Services PLC on Wednesday reported concerns by Royal Mail that Ofcom's proposed reforms will "add significant cost" to the universal service.

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.

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.

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.

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.

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.

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.

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.

EP Group IDS takeover clears UK national security law

(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.