Royal Mail Delays Financial Results Amid £3.5bn Takeover Talks

Czech billionaire Daniel Kretinsky's bid prompts postponement as auditors request more time for review.

Royal Mail's parent company, IDS, failed to release its financial results as scheduled, citing audit delays.
The £3.5 billion takeover offer by Daniel Kretinsky's EP Group is under consideration, with a decision deadline of May 29.
The delay in financial reporting is not due to material financial issues but standard audit procedures.
The potential takeover has raised concerns about maintaining Royal Mail's universal service obligation.
Shares in IDS fell slightly following the announcement of the delay.