Royal Mail strike spreads disruption to couriers Evri and DPD
DPD and Evri have blamed Royal Mail worker strikes for disruption to their own services
Company
International Distribution Services PLC
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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Evri under fire again as Royal Mail strikes pile pressure on rival couriers
Complaints include packages stuck at depots, delays with no follow-up information and paid-for next-day deliveries not arriving.
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Royal Mail workers have targeted Christmas with six more days of action planned for December
Royal Mail owner IDS now in cash preservation mode as losses mount, according to Barclays
“No interim dividend to be paid, and while management has said it will look at the potential to pay a final dividend funded by GLS, we believe this is unlikely given the group’s challenging near term earnings prospects”
Royal Mail union reveals 'progress' in pay talks but deep divisions remain
A spokesman for the company said "time is tight" but the union said senior bosses "have been treating employees, union representatives or future investors with a lack of integrity and transparency"
IDS repeats warning that business could be split in two as losses mount at Royal Mail
The news came as the FTSE 250-listed company swung sharply into the red at the half-way stage hit by weak parcel volumes, an inability to deliver productivity improvements and impacts from industrial action
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Royal Mail owner IDS to confirm losses as union talks continue
The reality of the losses "may well be worse" than the company warned last month, said one analyst
Royal Mail owner IDS climbs as rival hails strong parcel pricing and demand
Deutsche Post DHL reported higher prices for international freight and said online shopping trends have "settled at a structurally higher level"
Royal Mail workers to strike around Black Friday and Cyber Monday after 'derisory' IDS pay offer
Strikes will take place on 24, 25 and 30 November as well as 1 December, the CWU union said
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Union representatives insisted that this did not mean the industrial action was over
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Shares in Royal Mail owner IDS tumble 12% after earnings alarm sounded
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Royal Mail owner International Distribution Services says to cut 10,000 jobs as it responds to strike impact
The news coincided with the latest walkout by Royal Mail workers
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Royal Mail workers continue largest national strike of the year
Approximately 115,000 staff are taking action on pay and working conditions in what is the largest national walk out of any sector in 2022
Royal Mail parent IDS was forced to rescue pension fund from Budget collapse
City regulators are closely monitoring LDI funds as they put their positions on a sustainable footing and prepare better for future stresses
Royal Mail begins pivot to parcels-focused business with conveyor at Gatwick Mail Centre
Able to process roughly 3,000 parcels per hour, the machine is designed to handle bulkier items
Royal Mail, the UK branch of International Distributions Services, will prioritise Covid test kits during strikes this month
New reported Covid cases and hospitalisations have begun to surge once again in England