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Royal Mail shipments to US flowing in with no disruptions

Royal Mail's US shipments are moving smoothly after the British post and parcel group had to adapt to Washington's ending of tariff exemptions for low-value packages, the CEO of its owner International Distribution Services said today.

Business • 01 Sep

Royal Mail's delivery targets revised to manage delays

Britain's media regulator has today set new minimum acceptable delivery deadlines for Royal Mail, changed some existing targets to prevent long delays, and launched a review of pricing and affordability to address concerns of rising stamp prices.

Business • 10 Jul

Royal Mail remains on track to return to adjusted operating profit before voluntary redundancy costs - despite difficult market conditions in the UK

Royal Mail owner revenue inches higher on busy Christmas

Britain's International Distribution Services said today its revenue inched 0.8% higher during the busy Christmas period as its Royal Mail business handled more international parcels.

Business • 15 Jan

Royal Mail has struggled with labour strikes, competition and loss of market share in recent times

Kretinsky's EP Group agrees to terms for Royal Mail deal

Czech billionaire Daniel Kretinsky's EP Group said today it agreed to certain terms with the UK government for its takeover of Royal Mail's parent, paving the way for a green light on the tightly-scrutinised deal.

Business • 16 Dec 24

Royal Mail employs about 130,000 people in Britain

Royal Mail owner IDS returns to half year profit

The parent firm of Britain's Royal Mail warned of a worsening cost environment following last month's budget and said it could not rule out price hikes and higher automation as it looks to cut costs after returning to a first-half profit.

Business • 21 Nov 24

The financial details of the transaction were not disclosed

UK's Royal Mail parent to sell US freight business

International Distributions Services, the parent company of Royal Mail, announced today that its parcel services business, GLS, will sell its US freight divisions to California-based DC Logistics.

Business • 12 Aug 24

Royal Mail's revenue grew by 10.6% in its first fiscal quarter of 2024

Royal Mail parent's quarterly revenue rises on demand

International Distribution Services (IDS), the owner of Britain's Royal Mail, has today reported an 8.2% rise in revenue for the first quarter of fiscal 2025, supported by strong parcel demand and more postal votes during the UK elections.

Business • 18 Jul 24

The offer valued IDS, which owns the UK's loss-making Royal Mail and profitable international parcels network GLS, at 370 pence per share

Royal Mail owner IDS agrees to £3.6 billion takeover

The owner of Britain's Royal Mail has agreed to a £3.57 billion takeover by Czech billionaire Daniel Kretinsky, it said today, in a take-private deal of one of the world's oldest postal firms.

Business • 29 May 24

Royal Mail owner International Distribution Services said its auditor, KPMG, has asked for more time to complete its work on the results statement

Royal Mail owner delays results as takeover bid looms

The owner of Royal Mail has indefinitely delayed the release of its annual trading update, originally scheduled for yesterday morning, as the group heads towards a potential overseas takeover.

Business • 24 May 24

IDS owns the UK's Royal Mail, which is loss making, and international parcels network GLS.

Royal Mail owner to agree €3.5bn Kretinsky takeover bid

Royal Mail's parent company International Distributions Services is set to agree a £3.5 billion takeover by Daniel Kretinsky if the Czech billionaire tables a formal offer, the British firm has said.

Business • 16 May 24

Billionaire Daniel Kretinsky is working on improving an offer for the owner of Britain's Royal Mail, sources say

Royal Mail owner rebuffs bid from Czech billionaire

Czech billionaire Daniel Kretinsky is working on improving an offer for the owner of Britain's Royal Mail, according to a source with knowledge of the plans today.

Business • 17 Apr 24

Royal Mail said its proposals would see all non first-class letter deliveries - including second class and bulk business mail - reduced to every other day during the week

Royal Mail calls for reduced deliveries in postal reforms

Royal Mail has today urged British regulator Ofcom to speed up reforms to the universal postal service, including cutting back non-first class deliveries to every other day, to cut costs.

Business • 03 Apr 24

Emma Gilthorpe, currently chief operating officer at Heathrow airport, will join Royal Mail as CEO from May

Heathrow's Gilthorpe to become new Royal Mail CEO

International Distributions Services has today named Heathrow executive Emma Gilthorpe as the new CEO of its Royal Mail business.

Business • 02 Apr 24

Royal Mail said it not sustainable to maintain a network built for 20 billion letters when it is now only delivering 7 billion

UK mail deliveries could be cut to three days a week

The UK's Royal Mail could cut deliveries to five or three days a week, or slow the speed of delivery to three days or longer, under options to ensure the service survives in the future, the postal regulator said today.

Business • 24 Jan 24

IDS owns Royal Mail in the UK and international parcels network GLS

Royal Mail parent IDS to break even this fiscal year

Royal Mail owner International Distributions Services expects the group's full-year adjusted operating performance will be around breakeven, after previously predicting a profit.

Business • 16 Nov 23

Royal Mail has been £5.6m over its failure to meet delivery targets over the past year

Royal Mail fined £5.6m over missed delivery targets

Britain's communications regulator Ofcom said today it had fined International Distributions Services-owned Royal Mail £5.6m over its failure to meet delivery targets over the past year.

Business • 13 Nov 23

Today's deal ends a long dispute that has cost Royal Mail millions of pounds and prompted the departure of its boss

Workers at Royal Mail accept pay deal, ending dispute

British postal workers have voted overwhelmingly in favour of a three-year pay deal with employer Royal Mail.

Business • 11 Jul 23

Royal Mail posted an annual adjusted operating loss of £419m - ahead of market expectations

Royal Mail posts losses of £419m for 2022

International Distributions Services is targeting a return to profit this financial year after its UK business Royal Mail made a £1 billion loss last year, partly the result of strikes in a long-running pay dispute.

Business • 18 May 23

Royal Mail failed to meet its delivery targets in the past year

UK's Ofcom launches probe into Royal Mail

UK regulator Ofcom said it has launched an investigation into Royal Mail's failure to meet its delivery targets in the past year - and could hand out a fine.

Business • 15 May 23

Royal Mail said its 2023 outlook was hurt by strikes for 18 days

Royal Mail sees smaller loss for 2023 on cost cuts

Britain's Royal Mail expects its 2023 losses to be around the mid-point of its prior forecast range as the firm took measures to cut costs and mitigate the impact of strikes, its parent company said today.

Business • 26 Jan 23

Royal Mail failing small businesses - An Post CEO

An Post chief executive David McRedmond has criticised Britain's Royal Mail for failing small businesses after Brexit.

Business • 13 Dec 22

Moonpig today reported a lower first-half profit after a tough September and October in which its orders were hit by postal strikes at Royal Mail

Moonpig cuts its annual revenue forecast

People are buying cheaper gifts for loved ones amid a cost-of-living crunch, Moonpig said today, as the British greeting cards and gift retailer cut its annual revenue forecast.

Business • 07 Dec 22

Royal Mail has warned that if strikes go ahead the group may have to withdraw the pay proposal because financial losses could make its offer 'unaffordable'

UK set for post chaos as Royal Mail union rejects offer

Strikes by British postal workers in the run up to Christmas look set to go ahead after Royal Mail's largest labour union rejected the latest pay offer from the company today.

Business • 23 Nov 22

Royal Mail has been locked in a row with its largest labour union - the Communication Workers Union - over pay and operation changes at the over 500-year-old postal firm

Royal Mail parent slides to half-yearly loss

Royal Mail's parent company International Distributions Services has today reported a first-half loss of £57m as higher costs and disruptions arising from strikes by its postal workers put a strain on its finances.

Business • 17 Nov 22

Royal Mail remains locked in a bitter dispute with its largest labour union

Royal Mail could cut 5,000-6,000 jobs by next August

Royal Mail could cut as many as 5,000 to 6,000 jobs by the end of August next year and warned of more layoffs if planned strikes go ahead.

Business • 14 Oct 22