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The Latest Breaking News from IDs

Labour’s gamble with Royal Mail may go horribly wrong

Past talk of renationalisation gives way to approval of takeover in which price of first-class stamp could be set from Prague

The Guardian - UK

UK government approves $4.6-billion takeover of Royal Mail by a Czech billionaire

Britain’s government has approved the sale of Royal Mail’s parent company to a Czech billionaire, paving the way for the postal service to pass into foreign ownership for the first time in its 500-year history

The Independent UK

UK Approves Royal Mail Takeover By Czech Billionaire

Britain's centuries-old Royal Mail is set to pass into foreign ownership after the UK government Monday approved the takeover of its parent company by Czech billionaire Daniel Kretinsky's EP Group.

International Business Times

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Daniel Kretinsky: The Czech sphinx billionaire buying Royal Mail

Daniel Kretinsky owns one of Britain’s most expensive homes, the 15-bedroom Heath Hall mansion in Hampstead

The Independent UK

Who is Daniel Kretinsky, the Czech billionaire buyer of Royal Mail?

Here, the PA news agency looks who Mr Kretinsky is and what the new ownership could mean for the historic British company.

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

Revealed: the business dealings of Royal Mail bidder Daniel Křetínský

With the Czech billionaire on the verge of a £3.6bn takeover, the Guardian looks at his dealings in Russia and elsewhere

The Guardian - UK

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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 Independent UK

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

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

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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

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’

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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

Evening Standard

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…

International Business Times

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.

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.

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