For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails An estimated 31 million people were hit by letter delays over Christmas as Royal Mail “let consumers down for a third year running”, …

UK postal operator Royal Mail revealed Thursday that it took a vast £200-million ($247 million) hit from recent strikes over pay, deepening the group’s losses. Operating losses hit £295 million in the nine months to December from a year earlier, parent International Distributions Services (IDS) said in a results statement. …

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. The 507-year-old Royal Mail, which was privatised in 2013, is in the middle of …

Royal Mail parent International Distributions Services has put a £200m price tag on the cost of last year’s strike action, and said that asset sales will be required to support cashflow at the postal operator. In a trading update for the nine months to 31 December 2022, IDS said …

Royal Mail is progressing towards resuming full operations just two weeks after a ransomware attack caused “severe service disruption,” marking a victory for British cyber authorities who have stressed the importance of recovery as well as resistance to combat the impact of attacks. The British postage and courier company’s ability …

elenathewise / Depositphotos International Distributions Services PLC (LON:IDS) saw revenue down 5.4% to £9.1bn over the first 9 months of the financial year. That reflected a 12.8% decline from Royal Mail that was partially offset by GLS, which rose by 9.7%. Royal Mail continues to feel the impact of structurally …

Royal mail resumes more services after cyber incident | WTVB | 1590 AM · 95.5 FM | The Voice of Branch County Close For the health and safety of everyone, our offices are temporarily closed to the public. If you have …

LONDON, Jan 26 (Reuters) – British postal firm Royal Mail is restarting some of its international export services, the company said on Thursday, two weeks after its operations were disrupted by what it called a “cyber incident.” Royal Mail will be resuming its International Tracked and Signed, and International Signed …

The dispute with workers in the Communication Workers Union has led to 18 days of walkouts since August. Royal Mail owner International Distributions … Source link

Strike action at Royal Mail has cost the besieged postal company about £200 million, sending it to a large operating loss. International Distributions Services (IDS), the recently renamed parent company, posted operating losses at Royal Mail, its UK business, of £295 million for the first nine months of its financial …