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The Latest Breaking News from IDs

Royal Mail owner says it cannot rule out job cuts after £120m Budget hit

It is the latest major business to caution that workers and customers could face an impact from the rise in business taxes.

The Independent UK

Royal Mail’s owner considering job cuts and price rises for stamps and parcels

International Distribution Services blames budget for adding £120m to annual costs through NICs increase

The Guardian - UK

Royal Mail is close to getting the reform it craved. Shareholders should now oppose the Czech takeover bid

Selling a key economic component at a so-so price always felt bizarre, but with transformative cost savings on the horizon it would be pathetic

The Guardian - UK

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Voices: Should we be worried by the Russian business links of the man trying to buy Royal Mail?

With an interest in a pipeline for Russian gas, the Czech billionaire is now facing ministerial scrutiny. But that might be the least of the problems facing anyone running Britain’s postal service, writes Chris Blackhurst

The Independent UK

UK calls in Czech billionaire’s Royal Mail bid for national security review

Daniel Křetínský’s potential Russia links to be examined in scrutiny of bid’s effect on UK economic infrastructure

The Guardian - UK

Royal Mail revenues boosted by election and rise in stamp prices

Parent firm’s CEO defends postal service after reported delays to ballot papers, saying: ‘What we got, we delivered’

The Guardian - UK

Fat fees for Royal Mail’s advisers, no detail for its shareholders

The offer document for proposed £3.6bn takeover of Royal Mail parent company couldn’t be more vague

The Guardian - UK

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Wake up, fund managers: the Royal Mail bid needs more scrutiny

Big shareholders should speak out on whether the Daniel Křetínský-led £3.6bn takeover offer represents a fair price

The Guardian - UK

Badenoch urged to scrutinise business links of Royal Mail bidder Křetínský

Business secretary is due to meet Czech tycoon to discuss a takeover the Guardian has raised questions about

The Guardian - UK

Postal workers union wants Royal Mail staff to have stake in business

CWU calls for new business model and says commitments for takeover do not ‘go far, or long enough’

The Guardian - UK

What will Royal Mail’s takeover mean for customers and postal workers?

The billionaire Daniel Křetínský, AKA the Czech Sphinx, is poised to buy the business – but what does he have planned?

The Guardian - UK

Royal Mail’s foreign sale could put a 500-year-old national service in jeopardy

Czech tycoon’s private buyout of UK postal group would come with very limited assurances – and a weight of added debt

The Guardian - UK

OPINION - It’s too expensive to send a letter — we should renationalise Royal Mail, not sell it abroad

The other day I got the shock of my life at the post office where I was sending a letter to Ireland to find the nice man on the counter was asking me for £2.50 for a stamp. Two. Pounds. Fifty. “What,” I said weakly. “Yep,” he said, plainly used…

Evening Standard

Why UK Major Firms Are Facing Takeover Attempts?

Mining giant Anglo American, cyber security firm Darktrace and Royal Mail parent IDS -- three major UK companies in the midst of big takeover bids.

International Business Times

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The Independent UK

Owner of UK's Royal Mail says it has accepted a takeover offer from a Czech billionaire

The owner of Britain’s Royal Mail says it has accepted a 3.6 billion pound ($4.6 billion) takeover offer from Czech investor Daniel Křetínský

International Business Times

Royal Mail Owner Accepts Czech Billionaire's Takeover

Former state monopoly Royal Mail was privatized in 2013 and has since seen its core letters business ravaged as consumers increasingly communicate online, which has conversely helped its international parcels business, GLS.

Evening Standard

FTSE 100 Live 29 May: Blue-chips slide, Ocado and St James' Place in for relegation

Global stock markets remain under pressure as worries mount that interest rates will stay high for longer.

The Guardian - UK

BHP walks away from £39bn pursuit of Anglo American; Royal Mail agrees to £3.57bn takeover by Czech billionaire Daniel Křetínský – as it happened

Royal Mail’s parent company IDS agrees takeover offer but BHP’s pursuit of Anglo fails

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The Guardian - UK

Royal Mail owner agrees to £3.57bn takeover by Czech billionaire

Cash offer from Daniel Křetínský’s EP Group still needs approval from shareholders and government

The Independent UK

Royal Mail owner approves £3.5bn takeover deal with Czech billionaire

Shareholders will vote on the deal at International Distribution Services’s next annual general meeting in September

Evening Standard

Royal Mail owner IDS accepts £3.5bn bid from West Ham co-owner Křetínský

Křetínský has agreed that Royal Mail will deliver first-class post six days a week for the next five years after the acquisition but there are no guarantees on what happens after that

The Guardian - UK

Royal Mail and Anglo American shareholders braced for final takeover offers

Deals this month could see two of the UK’s most prominent companies fall into foreign ownership

The Independent UK

Royal Mail probe as figures reveal how much first-class post actually arrives in a day

The regulator Ofcom has launched an investigation into Royal Mail over missing post targets

The Guardian - UK

Royal Mail owner warns Czech billionaire’s offer could create risk around finances

IDS says a change in ownership may lead to ‘material uncertainty’ over the company’s future

The Guardian - UK

Royal Mail reform will not take place before general election, says Ofcom

Postal service shake-up takes on extra weight as Royal Mail bosses meet ministers to discuss Czech tycoon’s £3.5bn takeover bid

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