https://www.proactiveinvestors.co.uk/co ... 53899.html
International Distributions Services PLC (LSE:IDS) has announced the sale of its US freight wing to DC Logistics.
IDS’ parcel delivery firm GLS will sell the division to the California-based firm for an undisclosed fee, with the deal expected to close in early September.
This comes as the Royal Mail owner looks to reset sister company GLS’ focus on its core parcel service after IDS agreed to a £3.57 billion takeover by Czech billionaire Daniel Kretinsky.
“The transaction is consistent with GLS US' strategy to focus on its core parcel offering as the business seeks to reinforce its position as the preferred parcel delivery provider for US customers,” IDS said on Monday.
Shares climbed 0.2% to 338.20p following the news.
ANNOUNCEMENT : ALL OF ROYAL MAIL'S EMPLOYMENT POLICIES (AGREEMENTS) AT A GLANCE (Updated 2021)... HERE
ANNOUNCEMENT : PLEASE BE AWARE WE ARE NOT ON FACEBOOK AT ALL!
Royal Mail parent agrees to sell US freight wing
-
TrueBlueTerrier
- FORUM ADMINISTRATOR
- Posts: 72727
- Joined: 30 Dec 2006, 10:29
- Gender: Male
- Location: On my couch
Royal Mail parent agrees to sell US freight wing
All post by me in Green are Admin Posts.
Any post in any other colour is my own responsibility.
If you like a news story I posted please click the link to show support Any news stories you can't post - PM me with a link
My sharing of news articles should not be interpreted as an endorsement or condemnation of any particular viewpoint or the issues presented. I share them solely for informational purposes.
Any post in any other colour is my own responsibility.
If you like a news story I posted please click the link to show support Any news stories you can't post - PM me with a link
My sharing of news articles should not be interpreted as an endorsement or condemnation of any particular viewpoint or the issues presented. I share them solely for informational purposes.
-
Barnacle
- Posts: 2940
- Joined: 13 Dec 2022, 16:58
- Gender: Female
- Location: Earth
Re: Royal Mail parent agrees to sell US freight wing
It’s odd that they are doing this when the deal with Kretinsky isn’t set in stone yet.
’You can't just ask customers what they want and then try to give that to them. By the time you get it built, they'll want something new.’
-
funkflex55
- Posts: 797
- Joined: 04 Sep 2022, 22:58
- Gender: Male
Re: Royal Mail parent agrees to sell US freight wing
I wouldn't call a 0.2% increase a climb in price. More a natural price fluctuation that they make every few minutes.
-
Mr Rush
- Posts: 3335
- Joined: 05 Aug 2011, 14:27
- Gender: Male
Re: Royal Mail parent agrees to sell US freight wing
338.20p is higher than 337.52p! We're living in a gilded age!funkflex55 wrote: ↑13 Aug 2024, 16:27I wouldn't call a 0.2% increase a climb in price. More a natural price fluctuation that they make every few minutes.
The machine stops.
-
funkflex55
- Posts: 797
- Joined: 04 Sep 2022, 22:58
- Gender: Male
Re: Royal Mail parent agrees to sell US freight wing
Those that are currently ruining the company certainly are living in a gilded age. The rest of us are living in the age of bollocks and bullshit, what a time to be alive.Mr Rush wrote: ↑13 Aug 2024, 19:55338.20p is higher than 337.52p! We're living in a gilded age!funkflex55 wrote: ↑13 Aug 2024, 16:27I wouldn't call a 0.2% increase a climb in price. More a natural price fluctuation that they make every few minutes.