[ad_1] A Royal Mail lorry drives past the Warrington Royal Mail Centre. Nathan Stirk | Getty Images Royal Mail’s parent company International Distributions Services is set to agree a £3.5 billion ($4.42billion) takeover by Daniel Kretinsky if the Czech billionaire tables a formal offer, the British firm said on Wednesday. Kretinsky’s investment vehicle EP Group…
[ad_1] The British pound has dropped below $1.14 for the first time since 1985 as a combination of dollar strength and recession warnings weighed on the U.K.’s currency. Sterling fell as low as $1.135 at 8:50 a.m. London before rising slightly to $1.1378, marking a fresh 37-year low. It followed the publication of figures showing…
[ad_1] Royal Mail falls 7.2% Royal Mail fell 7.2% in afternoon trade following a second day of strikes by U.K. postal workers. Shares of the former state postal monopoly fell close to the bottom of the Stoxx 600 after the second day of walkouts over pay. Royal Mail staff are planning further strikes on Sept….
[ad_1] Check out the companies making headlines before the bell: Walmart (WMT) – Walmart reported adjusted quarterly earnings of $1.39 per share, which includes a 7-cent impact from UK tax repayment. The consensus estimate had been $1.50. Revenue did beat forecasts, and US comparable sales excluding fuel were up 8.6% compared to the 5.8% FactSet…