IDS says a change in ownership may lead to ‘material uncertainty’ over the company’s future

Royal Mail’s owner has warned that a potential £3.5bn bid by the Czech billionaire Daniel Křetínský could create risk around the company’s finances.

The warning came as the industry regulator Ofcom announced that it had opened an investigation into the parent group, International Distributions Services (IDS), for failing to meet its annual delivery targets for the second year in a row. Last year, Ofcom fined the company £5.6m for failing to meet its first-class and second-class delivery targets in 2022-23.

Drop from £1,690 driven by fall in wholesale gas prices but household bills still substantially higher than three years ago

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The energy price cap in Great Britain will fall 7% to the equivalent of £1,568 a year this summer after a drop in wholesale gas prices.

Set by the energy regulator Ofgem, the cap reflects the average annual dual-fuel bill for 29m households and takes effect from July until the end of September.

Infrastructure firm raises £6.8bn to connect homes to renewable energy sources across US and UK

National Grid has tapped shareholders for nearly £7bn to fund a £60bn spending spree to upgrade its networks to cope with the switch to low-carbon energy on either side of the Atlantic.

The energy infrastructure company announced a £6.8bn rights issue – where existing shareholders are offered new shares – to provide fresh funds for investment in thousands of miles of cables to connect homes with renewable energy projects in the UK and the US.

Final dividend hiked by 9% as MPs write to Ofwat boss urging him to deny water firms’ requests in price review process

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Severn Trent has increased its payout to shareholders despite being responsible for 60,000 sewage spills last year.

Severn hiked its final dividend by 9% to 70.1p a share after pre-tax profits swelled almost 20% to £201.3m in the year to the end of March.