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Companies roundup: Tory tax cuts & Royal Mail results

Tax cuts, International Distributions Services (IDS) and Ithaca Energy (ITH) Rishi Sunak is preparing a £2.4bn tax cut for pensioners, in a bid to boost his difficult election campaign. The Tories said, if they win the election, they would increase the personal tax allowance for pensioners every year, so it rises in …

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Victorian Plumbing – sales flat, gross margin up

Free cash flow up by a third Increased proportion of own brand sales Victorian Plumbing (VIC) delivered flat half-year revenues on a like-for-like basis and a 2 per cent rise in completed orders through the period. That’s a reasonable enough outcome given where we are in the interest rate cycle, …

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May 29th will be crucial By Invezz

The IDS share price has staged a strong comeback lately as investors cheered its acquisition bid by David Kretinsky. Royal Mail (LON:) shares were trading at 322p on Tuesday, up by over 53% from its lowest point this year. May 29th will be crucial IDS, the giant postal company, faces …

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