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Following the Postal Services Act 2011, a majority of the shares in Royal Mail were floated on the London Stock Exchange in 2013. The UK government initially retained a 30% stake in Royal Mail, [7] but sold its remaining shares in 2015, ending 499 years of state ownership.
Shares in IDS rose 3.7% in morning trading to 333p a share, still below the offer price of 370p apiece, which involves 360p in cash and another 10p in dividends. Shareholders will vote on the deal ...
The company was established in September 2013, in anticipation of its initial public offering on the London Stock Exchange in October 2013. In July 2022, it was announced that the holding company responsible for both Royal Mail and GLS would change its name to International Distributions Services.
May 16, 2024 at 3:37 AM. [Getty Images] The owner of Royal Mail is poised to accept an improved takeover bid worth about £3.5bn from shareholder and Czech billionaire Daniel Kretinsky ...
London Stock Exchange ( LSE) is a stock exchange in the City of London, England, United Kingdom. As of August 2023, the total market value of all companies trading on the LSE stood at $3.18 trillion. [3] Its current premises are situated in Paternoster Square close to St Paul's Cathedral in the City of London.
Royal Mail’s owner International Distribution Services (IDS) is “minded” to agree a takeover by shareholder Daniel Kretinsky, after the Czech billionaire put forward a bid worth about £3.5 ...
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