International Distributions Services Share News (IDS)

IDS highlights progress as it reiterates opposition to possible bid

(Alliance News) - Royal Mail-owner International Distributions Services PLC on Monday urged UK industry regulator Ofcom to quickly push through changes to mandated postal services as it stood its ground against a possible bid approach.

Redwheel calls for regulator to scale back Royal Mail delivery requirements

(Sharecast News) - Royal Mail owner International Distributions Services' third-largest shareholder said the company was "vulnerable to corporate predators" as a result of obligations requiring it to deliver letters six days a week.

Sunday newspaper round-up: IDS, Ocado, Foxtons

(Sharecast News) - 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 number of days per week during which it must deliver second-class mail from six to two or three. That would save the company £300m and see it shrink its workforce by 1,000. According to Redwheel, as first reported by the Sunday Times, the enforced costs of its legal obligations left the company "vulnerable to corporate predators". - Guardian

Redwheel backs Royal Mail owner's rejection of Kretinsky share offer

April 21 (Reuters) - Fund manager Redwheel said in a statement on Sunday that it supported Royal-Mail owner IDS' board decision to unanimously reject a non-binding share bid from EP Group on 11 April.

LONDON BROKER RATINGS: HSBC likes Haleon, cuts Flutter to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

UPDATE: Royal Mail owner IDS shuns "opportunistic" bid from Kretinsky

(Alliance News) - International Distributions Services PLC, the owner of Royal Mail, on Wednesday confirmed it had rejected an "opportunistic" offer from EP Corporate Group AS.

Royal Mail owner rebuffs bid from Czech billionaire Kretinsky

Kretinsky's EP Group made non-binding bid for IDS

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Adidas, LVMH steer European shares higher on earnings relief

LVMH climbs as quarterly sales placate industry concerns

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LONDON MARKET CLOSE: FTSE 100 shrugs off UK inflation, hawkish US Fed

(Alliance News) - Stock prices in London closed largely up on Wednesday, despite hotter-than-expected UK inflation data and more hawkish words from the US Federal Reserve.

London close: Stocks mixed as bargain hunters pick over FTSE 100

(Sharecast News) - London stocks showed a mixed performance by the close on Wednesday, with the top-flight index in the green as investors hunted for bargains after its four-week low on Tuesday.

LONDON MARKET MIDDAY: Stocks rediscover poise after UK inflation data

(Alliance News) - Stock prices in London were higher on Wednesday, shaking off a hotter-than-expected UK consumer price index reading, and a warning from Federal Reserve Chair Jerome Powell on the fight to contain inflation in the US.

TOP NEWS: Daniel Kretinsky’s EP Group makes unsuccessful bid for IDS

(Alliance News) - EP Corporate Group AS on Wednesday said International Distributions Services PLC, the owner of Royal Mail, had rejected a bid proposal.

Royal Mail-owner rebuffs takeover approach

(Sharecast News) - Shares in International Distribution Services soared on Wednesday, after it emerged that Czech billionaire Daniel Kretinsky had made a takeover approach for the Royal Mail owner.

LONDON MARKET CLOSE: FTSE 100 up thanks to US economic data

(Alliance News) - Stock prices in London closed mostly higher on Wednesday, after some data from the US reinforced the interest rate cut trajectory across the Atlantic.

London close: Stocks reverse losses to finish slightly higher

(Sharecast News) - London markets saw modest gains by the close on Wednesday, following Wall Street higher in afternoon trading.