Tag Archives: IDS

Shares in ride-hailing company Uber closed Thursday’s session flat after the stock tumbled in the previous session. The stock was down in Wednesday’s trading session following an announcement from General Motors (GM) that it was pulling the plug on its robotaxi project Cruise. Back in August, Uber announced a partnership …

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 …