Tag Archives: International Distribution Services

STORY: The British government approved a multi-billion dollar takeover of the country’s iconic postal service Royal Mail on Monday (Dec 16). EP Group – owned by Czech billionaire Daniel Kretinsky – has bid $4.5 billion for International Distribution Services – or IDS – which is Royal Mail’s parent. IDS agreed …

(Reuters) -The British government has approved Czech billionaire Daniel Kretinsky’s 5.3-billion-pound ($6.69 billion) takeover of Royal Mail owner International Distribution Services, the Financial Times reported on Monday. The approval is set to be announced as early as Monday morning, the report said, citing people familiar with the matter. International Distribution …

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 …

By Yadarisa Shabong (Reuters) -The parent firm of Britain’s Royal Mail warned of a worsening cost environment following last month’s budget and said it could not rule out price hikes and higher automation as it looks to cut costs after returning to a first-half profit. International Distribution Services, which owns …

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 …

This earnings season may be winding down but there are still a number of big-name companies reporting in the coming week. All eyes will be on chipmaker Nvidia (NVDA), as investors eagerly await its latest quarterly results, to see if it can deliver another set of strong results as a …

ROYAL MAIL’s future is “again under threat,” the CWU warned today after the owner of the privatised service welcomed an improved £3.5 billion takeover offer from Czech billionaire Daniel Kretinsky. Parent company International Distribution Services (IDS) said that Mr Kretinsky’s EP Group had agreed to offer a set of “contractual …

By Ian Walker International Distribution Services said Monday that its Royal Mail unit has won a five-year contract with HM Passport office to collect and deliver passports and other documents, including U.K. Visas and Immigration travel documents. The London-listed company said that it has already started delivering some documents on …

What to Think About: WSJ Pro reported that following a February 2022 cyber attack, global logistics business Expeditors International of Washington Inc. shut down much of its network to prevent further damage. The three-week outage resulted in serious operational disruption and led to many customers’ goods not being shipped. One …

By Michael Susin The U.K.’s Office of Communications said Friday that it has warned Royal Mail it can’t continue to rely on the impact of Covid-19 to justify poor delivery performance. The regulator said an investigation between April 2021 and March 2022 concluded that the postal-services company failed to meet …