Royal Mail

News release issued: Thursday 18 April 2024 Residents who have opted to vote by post in the local elections on Thursday 2 May are now receiving their ballot papers. Postal voters who have not already had theirs, should look out for their envelope marked “ballot paper” in the post in …

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK’s Coventry Building Society has agreed to buy the Co-operative Bank for £780mn in a deal that would eventually return the private equity-owned lender to mutual ownership. The proposed …

Proactive Investors – Liberum has issued a ‘sell’ recommendation for International Distributions Services PLC, the parent company of Royal Mail (LON:), citing significant challenges to a potential takeover, with a target price set at 180p. The analysis highlights considerable obstacles, chiefly the UK’s National Security and Investment Act, which could …

Liberum has issued a 'sell' recommendation for International Distributions Services PLC (LSE:IDS), the parent company of Royal Mail, … Source link

News Billionaire asset-stripper Daniel Kretinsky made an offer to buy up Royal Mail’s parent company By Yuri Prasad Downloading PDF. Please wait… Thursday 18 April 2024 Issue 2901 Royal Mail workers on the picket line in Whitechapel, east London, during strikes in 2022 (Picture: Guy Smallman) The owners of Royal …

Former Royal Mail chairman Allan Leighton has said the Horizon scandal is "unbelievable" and "terrible". Mr Leighton apologised for "elements" of … Source link

“After a slow start, the UK stock market eventually burst into life and the FTSE 100 headed back on the right path towards the all-important 8,000 level. However, it lost momentum in the final part of the session,” says AJ Bell Investment Analyst Dan Coatsworth. “The mid cap FTSE 250 …

One scoop to start: Jane Street’s quarterly trading revenues have surged to their highest level since the start of the pandemic, as the secretive high-speed firm flourished alongside traditional Wall Street market makers. It expects its first-quarter net trading revenue will be roughly $4.4bn, more than double the level it …

The saga around Royal Mail continues, with confirmation that parent group International Distributions Services has rejected a potential takeover bid from a group connected to its biggest shareholder and to Czech billionaire Daniel Křetínský. IDS said it received a “preliminary and conditional non-binding proposal” of 320p per share from EP …

The Labour Party is open to the prospect of a takeover of the owner of Royal Mail by the struggling postal group’s Czech billionaire investor, which is considering a renewed approach. EP Group, a conglomerate controlled by Daniel Kretinsky, revealed on Tuesday that it had made a “non-binding indicative proposal” …