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The Latest Breaking News from International Distribution Services

Royal Mail owner to rebrand thousands of Collect+ stores as it buys stake

International Distribution Services to create Royal Mail Shops for collecting, sending and returning parcels

The Guardian - UK

Thousands of Collect+ shops to rebrand to Royal Mail after owner buys stake

International Distribution Services announced it had acquired a 49% stake in Collect+ with a £43.9 million investment.

Evening Standard

Royal Mail to take over thousands of UK convenience stores

Royal Mail also announced they will hire around 20,000 temporary workers ahead of Christmas

The Independent UK

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Royal Mail owner set to return to profit in first figures since £3.6bn takeover

Daniel Kretinsky’s EP Group completed its takeover of Royal Mail owner International Distribution Services in June.

Evening Standard

Royal Mail still missing delivery targets after sale to Czech tycoon Křetínský

Both first and second class mail lag behind Ofcom’s target in quarterly update after EP Group’s takeover

The Guardian - UK

Royal Mail’s delivery pledges have changed. Here’s what the company could look like in future

The last few months have been busy for Royal Mail. In late April, Czech businessman Daniel Kretinsky’s EP Group acquired its parent company, International Distribution Services, for £3.6 billion – a value well below the May 2021 peak of £6 billion.

The Conversation

Royal Mail given go ahead to slash second class deliveries to just three a week

Ofcom gives all clear to historic reduction in postal deliveries to save money for Royal Mail’s loss making letters service

Evening Standard

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Green light for £1.2bn ‘bulk mail’ claim against Royal Mail owner to go to trial

Class action accuses International Distribution Services of abusing ‘dominant position’ in market

The Guardian - UK

Royal Mail on track to return to annual profit after strong Christmas

Owner highlights parcel deliveries performance as £3.6bn takeover by Czech billionaire nears completion

The Guardian - UK

Royal Mail sees parcel boost over Christmas as £3.6bn takeover nears completion

International Distribution Services said Royal Mail’s revenues lifted 2.4% in the three months to the end of December.

Evening Standard

Royal Mail takeover and Carlsberg’s swoop on Britvic in year of mega deals

UK equities have been firmly in the crosshair of foreign suitors and private equity buyout specialists throughout 2024.

Evening Standard

What has been agreed under the Royal Mail takeover and what are the next steps?

Czech billionaire Daniel Kretinsky has agreed to a series of legally-binding commitments to gain government clearance for the deal.

Evening Standard

Royal Mail takeover by Czech billionaire Daniel Křetínský approved

UK government to retain ‘golden share’ in parent company International Distribution Services

The Guardian - UK

Royal Mail takeover by Czech billionaire ‘approved’ – report

The takeover by Daniel Kretinsky’s EP Group from current owner International Distribution Services.will be announced on Monday, the BBC reported.

Evening Standard

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The Independent UK

Royal Mail takeover by Czech billionaire Daniel Kretinsky ‘approved’

The takeover by Daniel Kretinsky’s EP Group from current owner International Distribution Services will be announced on Monday, the BBC reported

The Independent UK

Royal Mail closes in on takeover deal after ‘concessions agreed’ – reports

Daniel Kretinsky’s EP Group agreed to buy Royal Mail parent company International Distribution Services (IDS) earlier this year.

The Guardian - 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

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

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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

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

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

West Ham part-owner Daniel Křetínský in shock bid for Royal Mail parent International Distribution Services

The approach comes at a time of huge challenges for Royal Mail

The Independent UK

Royal Mail to cut up to 10,000 jobs by August after announcing losses of £219m

Five-thousand full-time roles will be axed by March, company says

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