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The offer valued IDS, which owns the UK's loss-making Royal Mail and profitable international parcels network GLS, at 370 pence per share

Royal Mail owner IDS agrees to £3.6 billion takeover

The owner of Britain's Royal Mail has agreed to a £3.57 billion takeover by Czech billionaire Daniel Kretinsky, it said today, in a take-private deal of one of the world's oldest postal firms.

Business • 29 May 24

IDS owns the UK's Royal Mail, which is loss making, and international parcels network GLS.

Royal Mail owner to agree €3.5bn Kretinsky takeover bid

Royal Mail's parent company International Distributions Services is set to agree a £3.5 billion takeover by Daniel Kretinsky if the Czech billionaire tables a formal offer, the British firm has said.

Business • 16 May 24

Billionaire Daniel Kretinsky is working on improving an offer for the owner of Britain's Royal Mail, sources say

Royal Mail owner rebuffs bid from Czech billionaire

Czech billionaire Daniel Kretinsky is working on improving an offer for the owner of Britain's Royal Mail, according to a source with knowledge of the plans today.

Business • 17 Apr 24

Emma Gilthorpe, currently chief operating officer at Heathrow airport, will join Royal Mail as CEO from May

Heathrow's Gilthorpe to become new Royal Mail CEO

International Distributions Services has today named Heathrow executive Emma Gilthorpe as the new CEO of its Royal Mail business.

Business • 02 Apr 24

IDS owns Royal Mail in the UK and international parcels network GLS

Royal Mail parent IDS to break even this fiscal year

Royal Mail owner International Distributions Services expects the group's full-year adjusted operating performance will be around breakeven, after previously predicting a profit.

Business • 16 Nov 23

Royal Mail posted an annual adjusted operating loss of £419m - ahead of market expectations

Royal Mail posts losses of £419m for 2022

International Distributions Services is targeting a return to profit this financial year after its UK business Royal Mail made a £1 billion loss last year, partly the result of strikes in a long-running pay dispute.

Business • 18 May 23

Royal Mail said its 2023 outlook was hurt by strikes for 18 days

Royal Mail sees smaller loss for 2023 on cost cuts

Britain's Royal Mail expects its 2023 losses to be around the mid-point of its prior forecast range as the firm took measures to cut costs and mitigate the impact of strikes, its parent company said today.

Business • 26 Jan 23

Royal Mail remains locked in a bitter dispute with its largest labour union

Royal Mail could cut 5,000-6,000 jobs by next August

Royal Mail could cut as many as 5,000 to 6,000 jobs by the end of August next year and warned of more layoffs if planned strikes go ahead.

Business • 14 Oct 22

International Distributions Services