Liberum has issued a 'sell' recommendation for International Distributions Services PLC (LSE:IDS), the parent company of Royal Mail, … Source link
Read More »'Sell' stock in Royal Mail owner, says bank; takeover likely to be blocked | LSE:IDS
Vultures circle Royal Mail after bosses run down service
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 …
Read More »Post Office scandal unbelievable says ex-chairman – BBC
Former Royal Mail chairman Allan Leighton has said the Horizon scandal is "unbelievable" and "terrible". Mr Leighton apologised for "elements" of … Source link
Read More »UK stocks fight back, Royal Mail bid approach, Tesla returns to $56 billion pay deal for Elon Musk days after big workforce cull and travel sector flies on United Airlines’ results
“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 …
Read More »Czech’s in the Royal Mail
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 …
Read More »Royal Mail parent rejects possible takeover bid
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 …
Read More »Labour open to Czech billionaire Daniel Kretinsky’s Royal Mail bid
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” …
Read More »West Ham part-owner Daniel Křetínský in shock bid for Royal Mail
In a statement EP Group said it “recognises that Royal Mail is in a challenging situation. Weak financial performance, poor service delivery and a slow transformation, in the face of a market going through structural change, have put the business under unsustainable pressure. With the increasing competition from multinational companies …
Read More »Royal Mail owner rejects bid approach from Czech billionaire
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Royal Mail owner International Distribution Services has seen shares soar higher after it was revealed the group rejected a takeover approach from shareholder …
Read More »West Ham part-owner Daniel Křetínský in shock bid for Royal Mail parent International Distribution Services
Royal Mail has put forward proposals that would see first class mail kept as a six-day a week service, but second class letter deliveries cut dramatically (Gareth Fuller/PA) (PA Wire) A Czech energy and media billionaire who is a major shareholder in West Ham is in talks about a possible …
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