Shares in International Distribution Services Plc, the owner of Royal Mail, reached their highest level since April 2022, surging to a two-and-a-half year high.
This increase in stock price reflects growing optimism surrounding a potential takeover by Czech billionaire Daniel Kretinsky's EP Group.
Reports from BBC News indicate that the UK government has deemed Kretinsky a suitable owner, further fueling speculation about the completion of the acquisition.
Bloomberg has sought additional comments from the UK government regarding this matter.