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International Distribution Services PLC Shares News & Articles

Shares in International Distributions Services make meagre gains despite recommended £3.57 billion bid

Cash bid at 370p per shareStock trading at just 332pQuestions over likely approvalThe board of Royal Mail-owner International Distributions Services (IDS) said it had agreed to a raised £3.57 billion bid from Czech billionaire Daniel Kretinsky, already a major shareholder in the firm.Despite the bid valuing IDS shares at 370p each, the stock traded just 11p, or 3.5% higher at 332p suggesting inve

FTSE 100 closes off intraday high, US inflation data falls to 3.4% in April adds pressure on Fed

Equities on both sides of the Atlantic registered record highs on Wednesday, as a slowdown in US inflation prompted stocks to move higher as Federal Reserve interest rate cut hopes strengthened.Aside from the US data, there was a slew of M&A developments threatening to steal some of the spotlight in London. The owner of the Royal Mail backed a possible bid, while Wood Group said no to a suitor aga

International Distribution Services slapped with £5.6 million fine by regulator

Ofcom fines Royal Mail £5.6 millionMissed delivery targets to blameIDS loses its monopoly to deliver mailThe UK's communications regulator Ofcom has punished Royal Mail owner International Distributions Services (IDS) with a £5.6 million fine for its failure to meet delivery targets over the year to March.The sanction follows a probe initiated by the regulator in May and includes a 30% reduction

Schroders fund manager: Why the FTSE 250 offers ‘growth at a ridiculous price’

Firmly out of favour with investors since the Brexit vote seven years ago, the FTSE 250 index rallied strongly on the release of the latest UK inflation data (19 July). This showed UK CPI rising by 7.9% year-on-year in June, lower than forecasts of an 8.2% rise, theoretically reducing expectations for the scale of future interest rate hikes from the Bank of England.Yet even after a big one-day jum

FedEx shares fall 3% after delivery giant offers investors only gloom over earnings

Cautious full year 2024 outlook sends shares lower in after marketFlat to low single digit growth expectedPrioritising cost reductions and transformation plansShares in air freight and delivery giant FedEx (FDX:NYSE) dropped 3% in after hours trading after giving a disappointing outlook despite beating fourth quarter earnings estimates.The cautious outlook calls for 'flattish' revenue and full yea

Does Royal Mail owner International Distributions Services hold a ‘hidden store of value’?

Being a value manager often means taking a positive view on a stock which seems to be universally unloved and facing plenty of headwinds, which is certainly the true in the case of logistics firm International Distributions Services (IDS).The FTSE 250 company, which recently changed its name from Royal Mail Group to emphasise its international scale, has delivered a string of profit warnings and i
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