International Distributions Services Share News (IDS)

Kretinsky-led Royal Mail bidder vows to maintain six-day service

(Alliance News) - Royal Mail's prospective new owner has vowed to maintain the service's requirement to deliver letters six days a week throughout the UK.

PRESS: Kretinsky-led firm to spend big on Royal Mail to take on Amazon

(Alliance News) - Daniel Kretinsky, who is eyeing a takeover for Royal Mail's parent company International Distribution Services PLC, is planning to reduce parcel prices to be more competitive, the Telegraph reported Saturday.

Capita extends Royal Mail pension contract for further six years

(Alliance News) - Capita PLC on Tuesday welcomed the renewal of a contract with the Cabinet Office to administer the Royal Mail Statutory Pension Scheme.

Foreign takeovers of UK firms hit four-year low in early 2024

(Alliance News) - British firms saw a sharp decrease in takeover deals by foreign companies in the last quarter, the Office for National Statistics (ONS) said.

LONDON BROKER RATINGS: Berenberg ups Future; Deutsche cuts Liontrust

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday:

Royal Mail, GLS need big investments soon, billionaire suitor Kretinsky says

PRAGUE, May 29 (Reuters) - Royal Mail and its sister business GLS need sizable, almost immediate investments to defend market share and face shifting market trends, Czech billionaire Daniel Kretinsky told Reuters on Wednesday after the group's owner agreed to a 3.57 billion pound ($4.55 billion) takeover.

Royal Mail owner agrees to $4.6 bln takeover by Czech billionaire Kretinsky

May 29 (Reuters) - The owner of Britain's Royal Mail has agreed to a 3.57 billion pound ($4.55 billion) takeover by Czech billionaire Daniel Kretinsky, it said on Wednesday, in a take-private deal of one of the world's oldest postal firms.

Royal Mail, GLS need sizable, immediate investments, billionaire suitor Kretinsky says

PRAGUE, May 29 (Reuters) - Royal Mail and GLS need sizable, almost immediate investments to defend market share and face shifting market trends, Czech billionaire Daniel Kretinsky told Reuters on Wednesday after the groups' owner agreed to a 3.57 billion pound ($4.55 billion) takeover.

European shares suffer worst day in over 6 weeks as rate jitters persist

Royal mail owner IDS surges after agreeing to $4.6 bln takeover

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London stocks fall as rate cut jitters weigh, Anglo rejects BHP

FTSE 100 down 0.9%; FTSE 250 sheds 1.3%

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LONDON MARKET CLOSE: Stocks fall as US Treasury yields widen

(Alliance News) - Stock prices in Europe declined on Wednesday with markets nervy ahead of US data later this week, and as investors digest hawkish words from a US central banker.

Eyes on election outcome as Kretinsky looks to get hands on Royal Mail

(Alliance News) - International Distributions Services PLC on Wednesday backed a takeover by Czech billionaire businessman Daniel Kretinsky, who talked up the "scale of the commitments" it gave to the UK government as it looks to get the deal over the line.

LONDON MARKET MIDDAY: European stocks dip amid interest rate worries

(Alliance News) - Stock prices in Europe were lower at midday on Wednesday, after positive data from the US on Tuesday threw interest rate cuts into question.

TOP NEWS: Royal Mail owner IDS agrees to Daniel Kretinsky-led takeover

(Alliance News) - International Distributions Services PLC on Wednesday agreed to a GBP3.57 billion takeover offer, which the IDS chair said included a "far-reaching package" of binding commitments regarding the courier's future operations in the UK.

LONDON MARKET OPEN: Stocks down; Royal Mail owner IDS agrees takeover

(Alliance News) - Stock prices in London opened lower on Wednesday, with eyes on a bunch of takeovers.