Overview

• 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.