Royal Mail owner's outlook suggests "deterioration" of postal service
Chief Executive Martin Seidenberg faces mounting pressure to turn the once national postal service around
Company
LON:IDS
Royal Mail parent company International Distribution Services PLC is the sole provider of the universal postal service in the UK, delivering a six-days-a-week to more than 29 million addresses across the UK. It changed its name in 2022 to distinguish its UK arm from its Amsterdam-based international parcels business, GLS. It changed its name to International Distributions Services PLC in October 2022 and removed an 's' in a slight change to International Distribution Services PLC in May 2024
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Chief Executive Martin Seidenberg faces mounting pressure to turn the once national postal service around
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International Distributions Services-owned courier also cops Ofcom fines
"Clearly, the pandemic had a significant impact on Royal Mail's operations in previous years"
"Royal Mail might be one of the few self-help stories left in the European transport sector"
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Anglo American, Antofagasta and housebuilder Persimmon are also vulnerable in a worst-case scenario, adds the Swiss bank
“We therefore believe that now is a good time to consider the longer-term future of the universal service"
Customers have until Monday evening to exchange old-style Royal Mail stamps
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Royal Mail revenues fell 4% in the quarter but this was offset by more growth from international arm GLS
10% pay rise no panacea for macro pressures, warns Liberum
The company blamed recent delays on strikes but unions pointed out that there has not been any industrial action for almost seven months
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Evri will join Royal Mail and DPD in stocking and delivering orders on Amazon's behalf
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Voting over a dispute-ending deal has been suspended by the Communication Workers Union
Royal Mail will automatically redeliver parcels from Tuesday if households are missed
Liberum analysts repeated a 'sell' rating for IDS
MPs slated Royal Mail in a report, calling regulator Ofcom to launch an investigation of the firm
Ofcom’s access regime requires Royal Mail to offer access, on reasonable request, to its postal network for bulk mail
Royal Mail chief executive Simon Thompson revealed to MPs on Wednesday that postal workers did have their locations tracked
Royal Mail workers voted overwhelmingly to continue striking on Thursday, while a fresh round of rail walkouts were also announced
Royal Mail is bracing for the result of a new strike ballot by the Communication Workers Union, due to be announced on Thursday
Royal Mail denied hackers £65.7mln, suggesting the demands to prevent data leaks were unrealistic
Royal Mail's revenue has returned to pre-pandemic levels, marking bad news as pay-dispute challenges continue according to Liberum
Royal Mail chief Simon Thompson has been recalled to meet MPS for a second time, following accusations he gave inaccurate evidence first time round
Strikes have cost the UK economy over six billion pounds since the summer, as disputes show little sign of easing
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Tevva says it aims to sell some 1,000 electric trucks this year, including to Royal Mail and Travis Perkins
Courier Evri has apologised yet again for disruption to its delivery service following hiked demand due to December's Royal Mail strikes
Paul Nowak said that pay review bodies were having their “hands tied” by the government
Border Force, Royal Mail and rail workers will all strike in the coming days, setting the scene for Christmas disruption
More strike action will start this week with airport staff and ambulance workers among those set to walk out in the coming days.
Pressure has mounted on courses, including DPD and Evri, in the wake of Royal Mail worker strikes