(Alliance News) - Royal Mail is set to be allowed to ditch Saturday deliveries for second class letters under plans being put forward by Ofcom that will also see wider postal delivery targets cut in the UK. Read More
(Alliance News) - International Distribution Services PLC on Wednesday said it expects Royal Mail to return to profitability this financial year as its takeover deal presses ahead following key regulatory clearances. Read More
(Alliance News) - International Distribution Services PLC on Wednesday said it expects Royal Mail to return to profitability this financial year as its takeover deal presses ahead. Read More
International Distribution Services PLC - London-based post and parcels delivery firm that owns Royal Mail - Acquisition by Daniel Kretinsky's EP Group AS gets UK security clearance. The UK government on Monday confirmed it had cleared the way for the 500-year-old postal service to pass into foreign ownership for the first time, having secured legally-binding commitments from Kretinsky to maintain a universal service. However the GBP5.3 billion deal still was conditional on separate clearance under the UK National Security & Investment Act 2021. This was confirmed by the chancellor of the Duchy of Lancaster, who is Pat McFadden. Some regulatory conditions remain to be satisfied, but EP says on Friday it expects the IDS takeover offer to be declared unconditional in the first quarter of 2025. Read More
(Alliance News) - Stock prices in London were down at midday on Monday, while in corporate news Videndum shares fell after its trading update disappointed. Read More
(Alliance News) - Royal Mail's sale to Czech billionaire Daniel Kretinsky has been cleared by the UK government, paving the way for the more than 500-year-old postal service to pass into foreign ownership for the first time, PA reports. Read More
(Alliance News) - Royal Mail's takeover by a Czech billionaire has been given the green light by the UK government, allowing the postal service to pass into foreign ownership for the first time. Read More
(Alliance News) - Regulator Ofcom has fined Royal Mail GBP10.5 million for missing its post delivery targets in the 2023-2024 financial year. Read More
(Alliance News) - London's FTSE 100 is called to open higher on Friday, shaking off poor UK data, a sharp decline in Asian equities, and weaker trade in the US overnight. Read More
(Alliance News) - International Distributions Services PLC's Royal Mail is launching its own lockers as part of its expansion of parcel points to meet growing demand from online shoppers and marketplace sellers. Read More
(Alliance News) - Stocks traded mixed on Thursday afternoon, with the FTSE 100 struggling for direction, but some takeover action breathed life into the London equity market, in what is set to be an otherwise quiet day due to a public holiday in New York. Read More
(Alliance News) - The sale of Royal Mail owner International Distribution Services PLC to Czech billionaire Daniel Kretinsky's EP Group could be confirmed in the next two weeks, the BBC reported on Thursday. Read More
(Alliance News) - International Distributions Services PLC, the parent company of Royal Mail Group Ltd and General Logistics Systems BV, reported a return to profit for the first-half of its financial year, despite facing significant cost pressures from rising national insurance contributions. Read More
(Alliance News) - International Distribution Services PLC on Monday expanded its parcel delivery business with the acquisition of a stake in Greek operator, ACS. Read More
(Alliance News) - International Distributions Services PLC's Royal Mail is to recruit 16,000 temporary workers to help with the busy festive season. Read More
(Alliance News) - Royal Mail could be allowed to ditch Saturday deliveries for second class letters under an overhaul of the UK postal service being considered by the industry watchdog. Read More
International Distributions Services PLC - London-based letter and package carrier and owner of Royal Mail, Parcelforce and General Logistics Systems - EP Corporate Group AS, the vehicle of billionaire Czech businessman Daniel Kretinsky, completes second stage of the syndication of debt financing with six banks. JP Morgan Cazenove, financial adviser to EP, is satisfied that sufficient cash resources are available to satisfy in full the cash consideration payable to IDS Shareholders under the terms of the acquisition. Read More
(Alliance News) - Royal Mail delivered less than 80% of first class post on time in the first quarter, it said on Friday, missing its delivery targets set by the communications watchdog. Read More