Tag Archives: IDS

Royal Mail has warned it will have to raise prices after taking a £120m hit from Rachel Reeves’s Budget tax raid. The postal company said the Chancellor’s decision to raise employer National Insurance contributions (NICs) will have a disproportionate impact on the company given it has 130,000 workers. Bosses said …

International Distributions Services plc (LON:IDS – Get Free Report)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as GBX 350 ($4.50) and last traded at GBX 344.80 ($4.44), with a volume of 52942 shares traded. The stock had previously closed at …

Offer may undervalue service if changes to Universal Service Obligation made This guarantees deliveries made six days a week across UK at a fixed price Removing Monday-to-Saturday obligation could generate extra £300m  Big City investors speaking for more than a fifth of shares in Royal Mail owner International Distributions Services …

Move sparks fierce opposition over concerns about jobs  Postal bosses facing calls to meet with MPs Railway workers union says move must be reviewed Royal Mail is facing a mounting backlash over its plan to stop transporting post by rail. This newspaper revealed last week the postal service will sell …

Linklaters has advised BNP Paribas, Citibank, Societe Generale and UniCredit as mandated lead arrangers and bookrunners on the £2.85bn financing for the recommended cash offer by strategic investor EP Corporate Group, a.s. for International Distributions Services plc (IDS), valuing IDS’s share capital at c.£3.5bn and implying an enterprise value of …

International Distributions Services plc, the owner of Britain’s 500-year old postal service and courier company Royal Mail, has agreed to a takeover offer by EP Corporate Group, owned by Czech billionaire Daniel Kretinsky. The total deal value is around 3.568 billion pounds on a fully diluted basis, while enterprise value …

International Distributions Services plc (LON:IDS – Get Free Report)’s stock price shot up 0.4% on Thursday . The stock traded as high as GBX 289.99 ($3.64) and last traded at GBX 282.40 ($3.55). 2,128,896 shares traded hands during trading, an increase of 24% from the average session volume of 1,710,734 …

Asset manager Redwheel told regulators they should reduce the UK postal service’s legal obligations. The move followed a failed buyout attempt by Daniel Kretinsky for International Distributions Services, its parent company. The billionaire investor was said to be evaluating a possible improved bid. The company meanwhile has petitioned Ofcom to …

International Distributions Services (LON:IDS – Get Free Report) had its price target upped by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 160 ($1.99) to GBX 268 ($3.34) in a note issued to investors on Thursday, Marketbeat Ratings reports. The firm presently has a “hold” rating on the stock. Deutsche …

International Distributions Services plc (LON:IDS – Get Free Report) shares were down 0.8% during mid-day trading on Friday . The company traded as low as GBX 234.70 ($2.99) and last traded at GBX 235.20 ($3.00). Approximately 683,680 shares were traded during mid-day trading, a decline of 71% from the average …