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FTSE 100 Live 23 May: Nationwide profit down, shares steady as growth slows [Video]

Royal Mail owner fails to publish financial results amid impending takeover bid

The owner of Royal Mail has failed to publish its annual trading update, scheduled for early Thursday morning, as the group heads towards a potential overseas takeover.

London-listed International Distribution Services told markets it would publish its full-year financial results at 7am on Thursday, but by 11.30am nothing had been released.

It comes a week after the company said it was “minded” to agree to a takeover by Czech billionaire Daniel Kretinsky.

PMI survey offers hope Bank of England may cut interest rates in August

Tentative signs emerged today that the Bank of England could be ready to cut interest rates in August, as an influential business survey suggested that the service sector may finally be cooling down.

The S&P Global Flash United Kingdom PMI survey for May showed that prices charged inflation fell to its lowest level …

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Eastern Europe News

His chances are zerohe needs to drop out: Bidens candidacy viability remains in peril [Video]

David Jolly, former Congressman from Florida and Marc Elias, founder of Democracy Dockett join Nicolle Wallace on Deadline White House with an honest discussion about what is being said privately amongst the most influential voices in the Democratic party as President Biden struggles to convince elected Democrats and the majority of Democrats that he should be at the top of the ticket to take on Donald Trump