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...Royal Mail owner International Distributions Services has rejected a £4.5bn takeover approach by Czech billionaire Daniel Křetínský’s investment group, calling the timing of the bid “opportunistic”....
...“Breit covered more than 95% of 2023 distributions with cash flow from operations....
...While GAM would have brought Liontrust a global distribution network, Artemis’s distribution strength lies in the UK....
...The site included a distribution centre, office and warehouse space, as well as two helicopter hangars and car parks....
...Ashley alleges the bank’s motivation for the move was simple: it doesn’t like him. Why anyone wouldn’t like Mike Ashley is hard to imagine....
...“On present information, it is unlikely that sufficient funds will be realised to enable a distribution to be made,” according to documents filed at Companies House....
...Royal Mail owner International Distributions Services, which the “Czech Sphinx” has approached with a takeover offer, certainly ticks the boxes. IDS shares jumped on Wednesday....
...Ashley, who owns more than 70 per cent of the company, handed the reins to his son-in-law Michael Murray in 2022, who has been seeking to bolster its corporate governance and “elevate” its brands....
...Brexit was also a huge blow to the business, which runs all of its distribution out of the UK....
...International Distribution Services, the owner of the formerly publicly owned business, said on Thursday that Royal Mail’s operating loss increased 46 per cent year on year during the six months to September...
...Services....
...Czech billionaire Daniel Křetínský is preparing a takeover bid for Royal Mail owner International Distributions Services, according to people familiar with the matter....
...*Ignites is a news service published by FT Specialist for professionals working in the asset management industry. Trials and subscriptions are available at ignites.com....
...Shares in its holding company International Distributions Services languish below the October 2013 initial public offering price. The weight of its public service obligations weighs heavily....
...Frasers Group, the UK retailer founded by Mike Ashley, is another large shareholder that owns about 11 per cent of Currys. It did not immediately respond to a request for comment....
...In addition, she pointed to the rise of new distribution channels such as online brokerages and neobrokers that are disrupting the dominant bank and insurance company distribution systems in Europe....
...Raza Naeem, partner at law firm Linklaters, said UK distribution of US-based ETFs is only likely to be possible if the UK grants equivalence to US funds under its post-Brexit overseas funds regime....
...Home Depot has struck one of its biggest-ever deals to acquire speciality building products supplier SRS Distribution in a move that could boost its faster-growing professional services business....
...The so-called “Czech Sphinx” owns 50 per cent of Germany’s Metro supermarket chain and is also in negotiations to buy International Distributions Services, the parent company of the UK’s Royal Mail....
...Amundi US will combine its $104bn of AUM, and its roughly $470mn of revenues, with Victory’s client assets (and $820mn revenues) to create a $279bn manager with distribution throughout the US and Europe....
...Margrethe Vestager, the bloc’s competition chief, said: “For a decade, Apple abused its dominant position in the market for the distribution of music streaming apps through the App Store....
...Production, Tann Services. Special thanks to Corner Studio...
...Investors are clamouring for promised returns and distributions. But being a forced seller into a choppy market is no fun....
...It has also signed a 10-year distribution deal to sell financial products under the Tesco brand....
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