TI: Royal Mail owner fails to publish financial results amid impending takeover bid

RED LIGHT

By LoadstarEditorial

23/05/2024

THE INDEPENDENT reports:

The owner of Royal Mail has failed to publish its annual trading update, scheduled for early Thursday morning, as the group heads towards a potential overseas takeover.

London-listed International Distribution Services told markets it would publish its full-year financial results at 7am on Thursday, but by 11.30am nothing had been released.

It comes a week after the company said it was “minded” to agree to a takeover by Czech billionaire Daniel Kretinsky…

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Topics

International Distributions Services Royal Mail Break-up GLS Logistics on a steroid comedown On the wires

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