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International Distributions Services Plc
International Distribution Services plc (IDS, formerly Royal Mail Limited, Royal Mail plc and International Distributions Services plc) is a British company providing postal and courier services. IDS was created in 2013 by the UK government as a new holding company of Royal Mail, and a majority of its shares were then sold on the London Stock Exchange, with the government initially retaining a 30 per cent at the time. As of April 2025, IDS is owned and operated by Czech-based EP Group, owned by Daniel Křetínský. History Privatisation (2010–2014) Following the 2010 general election, the coalition government decided to allow private investment into Royal Mail, as recommended in a report from Richard Hooper CBE, the former deputy chairman of Ofcom. Subsequently the Postal Services Act 2011 was passed, allowing for up to 90% of Royal Mail to be privatised, with at least 10% of shares to be held by Royal Mail employees. In July 2013, Business Secretary Vince Cable announced ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies House
Companies House is the executive agency of the British Government that maintains the Company register, register of companies, employs the company registrars and is responsible for Incorporation (business), incorporating all forms of Company, companies in the United Kingdom. Prior to 1844, no central company register existed and Company, companies could only be Incorporation (business), incorporated through letters patent and Act of Parliament (UK), legislation. At the time, few incorporated companies existed; between 1801 and 1844, only about 100 companies were incorporated. The Joint Stock Companies Act 1844 created a centralised register of companies, enabled companies to be incorporated by registration, and established the office of the registrar; the Joint Stock Companies Act 1856 mandated separate registrars for each of the three Jurisdictions of the United Kingdom, UK jurisdictions. Initially just a brand, Companies House became an official executive agency in 1988. All P ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Postal Services Act 2011
The Postal Services Act 2011 (c. 5) is an act of the Parliament of the United Kingdom. The act enabled the British Government to sell shares in Royal Mail to private investors and includes the possible mutualisation of the Post Office. The act allows private buyers to own up to 90% of Royal Mail, with Royal Mail staff being offered at least 10% of the shares of the company. It enabled the Post Office business to be separated from Royal Mail, to allow it to remain in government ownership or to be mutualised. It provided for the government to take over the assets and liabilities of the Royal Mail pension scheme, which had a considerable deficit. It allowed for the transfer of regulatory responsibility from Postcomm to the communications regulator Ofcom. The act also wrote into law the requirement for Royal Mail to maintain a six day a week universal service. During its passage through the House of Commons, the government added an amendment to include a guarantee that a silhouet ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chancellor Of The Exchequer
The chancellor of the exchequer, often abbreviated to chancellor, is a senior minister of the Crown within the Government of the United Kingdom, and the head of HM Treasury, His Majesty's Treasury. As one of the four Great Offices of State, the chancellor is a high-ranking member of the British Cabinet. Responsible for all economic and financial matters, the role is equivalent to that of a finance minister in other countries. The chancellor is now always second lord of the Treasury as one of at least six Lords Commissioners of the Treasury, lords commissioners of the Treasury, responsible for executing the office of the Treasurer of the Exchequer the others are the prime minister and Commons government whips. In the 18th and early 19th centuries, it was common for the prime minister also to serve as Chancellor of the Exchequer if he sat in the Commons; the last Chancellor who was simultaneously prime minister and Chancellor of the Exchequer was Stanley Baldwin in 1923. Formerl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Morning Star (British Newspaper)
The ''Morning Star'' is a left-wing British daily newspaper with a focus on social issues, social, political and trade union issues. Originally founded in 1930 as the ''Daily Worker'' by the Communist Party of Great Britain (CPGB), ownership was transferred from the CPGB to an independent consumers' co-operative, readers' co-operative, the People's Press Printing Society, in 1945 and later renamed the ''Morning Star'' in 1966. The paper describes its editorial stance as in line with ''Britain's Road to Socialism'', the programme of the Communist Party of Britain. The ''Daily Worker'' initially opposed the Second World War and its London edition was banned in Britain between 1941 and 1942. After Operation Barbarossa, the Soviet Union joined the Allies, the paper enthusiastically backed the war effort. During the Cold War, the paper provided a platform for critics of the US and its allies. This included whistleblowers who provided evidence that the British military were allowin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London Assembly
The London Assembly is a 25-member elected body, part of the Greater London Authority, that scrutinises the activities of the Mayor of London and has the power, with a two-thirds supermajority, to amend the Mayor's annual budget and to reject the Mayor's draft statutory strategies. The London Assembly was established in 2000. It is also able to investigate other issues of importance to Londoners (most notably Transport for London, transport or Natural environment, environmental matters), publish its findings and recommendations, and make proposals to the Mayor. Assembly members The Assembly comprises 25 members elected using the additional-member system of mixed-member proportional representation, with 13 seats needed for a majority. Elections take place every four years, at the same time as those for the mayor of London. There are 14 geographical constituencies, each electing one member, with a further 11 members elected from a party list to make the total number of Assembly me ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Adrian Bailey
Adrian Edward Bailey (born 11 December 1945) is a retired British Labour and Co-operative politician. He was the Member of Parliament (MP) for West Bromwich West from 2000, when he won the seat at a by-election in November 2000 until he stood down at the general election in 2019. He was the Chairman of the Business, Innovation and Skills Committee 2010–2015. Early life Born in Salisbury, Bailey was educated at Cheltenham Grammar School before going on to university at the University of Exeter, graduating in 1967 with an Honours Degree in Economic History. Subsequently, he trained at the Loughborough College of Librarianship and graduated in 1971 with a postgraduate diploma in Librarianship. From 1971 to 1982 he was employed as a professional librarian by Cheshire County Council and from 1973 to 1982 he also worked as a librarian and teacher of study skills in a Cheshire Comprehensive school. Political career Bailey contested the seat of South Worcestershire at the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business, Innovation And Skills Committee
The Business and Trade Select Committee is a Parliamentary select committees of the United Kingdom, select committee of the House of Commons of the United Kingdom, House of Commons in the Parliament of the United Kingdom. The remit of the committee is to examine the expenditure, administration and policy of the Department for Business and Trade, and any departmental bodies. The committee came into existence as the Business, Innovation and Skills Committee on 1 October 2009, replacing the Business and Enterprise Select Committee, which was dissolved on 30 September 2009. The House of Commons agreed to the committee's establishment on 25 June 2009, following Prime Minister of the United Kingdom, Prime Minister Gordon Brown's replacement of the Department for Business, Enterprise and Regulatory Reform with the Department for Business, Innovation and Skills on 5 June 2009. Following the merger of the Department of Energy and Climate Change and the Department for Business, Innovation a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Michael Fallon
Sir Michael Cathel Fallon (born 14 May 1952) is a British politician who served as Secretary of State for Defence from 2014 to 2017. A member of the Conservative Party (UK), Conservative Party, he served as Member of Parliament (United Kingdom), Member of Parliament (MP) for Sevenoaks (UK Parliament constituency), Sevenoaks from 1997 to 2019, having previously served as MP for Darlington (UK Parliament constituency), Darlington from 1983 to 1992. Fallon attended the independent Epsom College and read Classics and Ancient History at the University of St Andrews. After university he joined the Conservative Research Department. Elected for Darlington at the 1983 United Kingdom general election, 1983 general election, he was appointed Parliamentary Under-Secretary of State at the Department for Education and Science in 1990. He lost his seat as MP for Darlington at the 1992 United Kingdom general election, 1992 general election. Fallon re-entered Parliament at the 1997 United King ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Greenshoe
Greenshoe, or over-allotment clause, is the term commonly used to describe a special arrangement in a U.S. registered share offering, for example an initial public offering (IPO), which enables the investment bank representing the underwriters to support the share price after the offering without putting their own capital at risk. This clause is codified as a provision in the underwriting agreement between the leading underwriter, the lead manager, and the issuer (in the case of primary shares) or vendor (secondary shares). The provision allows the underwriter to purchase up to 15% in additional company shares at the offering share price. The term is derived from the name of the first company, Green Shoe Manufacturing (now called Stride Rite), to permit underwriters to use this practice in an IPO. The use of the greenshoe (also known as "the shoe") in share offerings is widespread for two reasons. First, it is a legal mechanism for an underwriter to stabilize the price of new s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Limited Company
A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth of Nations, Commonwealth jurisdictions, and Republic of Ireland, Ireland. It is a limited liability company whose shares may be freely sold and traded to the public (although a PLC may also be privately held, often by another PLC), with a minimum share capital of £50,000 and usually with the letters PLC after its name. Similar companies in the United States are called Public company, ''publicly traded companies''. A PLC can be either an unlisted or listed company on the stock exchanges. In the United Kingdom, a public limited company usually must include the words "public limited company" or the abbreviation "PLC" or "plc" at the end and as part of the legal company name. Welsh companies may instead choose to end their names with , an abbreviation for '. However, some public limited companies (mostly nationalization, nationalised concer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
House Of Commons Of The United Kingdom
The House of Commons is the lower house of the Parliament of the United Kingdom. Like the upper house, the House of Lords, it meets in the Palace of Westminster in London, England. The House of Commons is an elected body consisting of 650 members known as Member of Parliament (United Kingdom), members of Parliament (MPs), who are elected to represent United Kingdom constituencies, constituencies by the First-past-the-post voting, first-past-the-post system and hold their seats until Dissolution of the Parliament of the United Kingdom, Parliament is dissolved. The House of Commons of England began to evolve in the 13th and 14th centuries. In 1707 it became the House of Commons of Great Britain after the Acts of Union 1707, political union with Scotland, and from 1801 it also became the House of Commons for Ireland after the Acts of Union 1800, political union of Great Britain and Ireland. In 1922, the body became the House of Commons of the United Kingdom of Great Britain and No ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
