[ad_1] 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 is 5.284 billion pounds…
[ad_1] 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 shares. The stock had…
[ad_1] 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 let it cut the…
[ad_1] 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 Bank Aktiengesellschaft’s price target…
[ad_1] 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 daily volume of 2,375,772…
[ad_1] Communication Workers Union (CWU) leaders Dave Ward and Andy Furey have publicly welcomed Martin Seidenberg as Group CEO of International Distribution Services, the parent company of Royal Mail. Less than two weeks after the CWU ended the year-long Royal Mail dispute, pushing through acceptance of their pro-company Business Recovery Transformation and Growth Agreement (BRTGA),…
[ad_1] International Distributions Services plc (LON:IDS – Get Rating)’s stock price shot up 2.8% during mid-day trading on Thursday . The company traded as high as GBX 213.40 ($2.67) and last traded at GBX 212.80 ($2.66). 1,960,943 shares were traded during mid-day trading, a decline of 21% from the average session volume of 2,496,171 shares….
[ad_1] International Distributions Services (LON:IDS – Get Rating)‘s stock had its “equal weight” rating reaffirmed by equities research analysts at Barclays in a report released on Friday, Marketbeat Ratings reports. They currently have a GBX 250 ($3.13) target price on the stock. Barclays‘s price objective indicates a potential upside of 22.31% from the stock’s current…
[ad_1] THE “gross mismanagement” of Royal Mail is to blame for the privatised firm slumping to losses of more than £1 billion, the Communication Workers Union (CWU) warned today. The owner of the 500-year-old company, International Distributions Services (IDS), revealed it suffered an operating loss of £1.04bn for the year to late March, against earnings of £250…
[ad_1] Barclays restated their equal weight rating on shares of International Distributions Services (LON:IDS – Get Rating) in a report issued on Monday morning, Marketbeat Ratings reports. The brokerage currently has a GBX 250 ($3.12) target price on the stock. Separately, JPMorgan Chase & Co. dropped their price target on shares of International Distributions Services…