International Distributions Services Share News (IDS)

IN BRIEF: Kretinsky confirms intentions for Royal Mail after IDS buy

International Distributions Services PLC - London-based letter and package carrier and owner of Royal Mail, Parcelforce and General Logistics Systems - EP Corporate Group AS and J&T Capital Partners AS have 30.9% acceptances for their GBP3.57 billion takeover offer for IDS, to which the IDS board agreed back in May. EP Corporate is the vehicle of billionaire Czech businessman Daniel Kretinsky. The acceptances are comprised of the 27.56% stake already held by the bidders and acceptances by other shareholders for 3.37%.

LONDON MARKET OPEN: FTSE 100 opens green ahead of ECB rate call

(Alliance News) - Stock prices in London opened higher on Thursday, after the Labour Party set out its legislative agenda in the King's Speech on Wednesday, and following unemployment data.

LONDON BRIEFING: Stocks higher as rate of UK unemployment unchanged

(Alliance News) - Stocks in London opened higher on Thursday, ahead of the next interest rate decision from the European Central Bank, and following unemployment data in the UK.

IDS Q1 revenues rise 8.4% on strong parcel demand, UK postal votes

(Sharecast News) - Royal Mail owner International Distribution Services said first-quarter revenues rose 8.2% driven by strong parcel demand and more postal votes during the recent UK general election.

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.