(Reuters) – Britain’s communications regulator Ofcom is investigating International Distribution Services-owned Royal Mail over its failure to meet its delivery targets for the financial year 2023-24, the regulator said on Friday. Under Ofcom’s rules, Royal Mail is required to meet performance targets across the whole financial year, such as delivering …

Royal Mail is under investigation by Ofcom after failing to meet delivery targets, with less than three-quarters of first-class mail delivered on time last year. According to Royal Mail’s parent company, International Distribution Services (IDS), only 74.5% of first-class mail met the one-working-day delivery requirement. Ofcom regulations mandate that 93% …

Veteran cabinet minister Michael Gove has become the latest high-profile Tory MP to announce that he will not stand at the July 4 General Election. The housing secretary cited the ‘toll’ of public office as he said it was time to let ‘a new generation lead’ following a political career …

Royal Mail is being investigated by Ofcom after the service failed to deliver less than three quarters of first-class post on time in the last year. In its yearly financial results on Friday, Royal Mail’s parent company, International Distribution Services (IDS) said only 74.5% of first-class mail was delivered within …

The results come as IDS waits for a potential buy-out offer from Czech billionaire Daniel Kretinsky. It reiterated it is “minded” to accept a proposed bid worth about £3.5bn put forward on 15 May. Business Secretary Kemi Badenoch said earlier this month that Royal Mail’s universal service obligation will need …

(Reuters) – Britain’s communications regulator Ofcom is investigating International Distribution Services-owned Royal Mail over its failure to meet its delivery targets for the financial year 2023-24, the regulator said on Friday. Under Ofcom’s rules, Royal Mail is required to meet performance targets across the whole financial year, such as delivering …

Friday 24 May 2024 7:07 pm Share Facebook Share on Facebook X Share on Twitter LinkedIn Share on LinkedIn WhatsApp Share on WhatsApp Email Share on Email IDS finally delivered its annual financial results statement, which was more than 24 hours late. Regulators have launched an investigation into Royal Mail …

A postman removes letters and parcels from his Royal Mail vehicle in London Royal Mail is being investigated by Ofcom after the service failed to deliver more than a quarter of first class post on time. The investigation – which could result in a multi-million pound fine – was launched after …

By Jessica Clark Updated: 16:50 EDT, 24 May 2024 Royal Mail’s owner yesterday insisted the postal service is back on track despite missing delivery targets and losing nearly £1m a day over the past year. The results came days before a crunch deadline that could see the 508-year-old firm fall …

reuters_tickers This content was published on May 25, 2024 – 00:53 (Reuters) – Britain’s communications regulator Ofcom is investigating International Distribution Services-owned Royal Mail over its failure to meet its delivery targets for the financial year 2023-24, the regulator said on Friday. Under Ofcom’s rules, Royal Mail is required to …