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The company's parent firm said its branding and UK headquarters would remain in place as part of the deal, along with its universal service obligation to "one-price-goes-anywhere" first-class post six days a week.
European stocks traded slightly lower on Wednesday as higher bond yields and a surge in oil prices due to heightened tensions in the Middle East stoked concerns that interest rates will likely stay higher for longer.
UK News: NEW DELHI: The owner of the struggling Royal Mail in Britain, International Distribution Services (IDS), has accepted a takeover proposal from Czech b.
T-Mobile to buy almost all of U.S Cellular in deal worth $4.4 billion with debt
London stocks were still down by midday on Wednesday, but IDS bucked the trend after the Royal Mail owner accepted a takeover offer.