It lost £319m in the first half of the year after losing £1bn the previous year amid crippling strike action. Bosses have put forward proposals to shake up the postal service’s so-called universal service obligation (USO), which requires it to deliver letters six days a week, warning that outdated regulations …

Profit guidance unchanged New date to be released “as soon as reasonably practicable” The parent company of Royal Mail, International Distributions Services (IDS), has postponed its full-year results due to auditing delays.  The courier was due to publish figures for the year ended 31 March at 7am on 23 May. …

(Bloomberg) — The owner of Britain’s Royal Mail has delayed reporting its financial results, days after welcoming a £3.5 billion ($4.5 billion) bid from Czech billionaire Daniel Kretinsky.  International Distributions Services Plc was due to report results for the year through March 31 on Thursday, but said in a statement …

London-listed International Distribution Services told markets it would publish its full-year financial results at 7am on Thursday, but by 11.30am nothing had been released. It comes a week after the company said it was “minded” to agree to a takeover by Czech billionaire Daniel Kretinsky. Mr Kretinsky, whose EP Group …

Royal Mail owner fails to publish financial results amid impending takeover bid. The owner of Royal Mail has failed to publish its annual trading … Source link

Thursday 23 May 2024 10:16 am Share Facebook Share on Facebook X Share on Twitter LinkedIn Share on LinkedIn WhatsApp Share on WhatsApp Email Share on Email Royal Mail owner IDS has failed to publish its results on time Royal Mail’s parent company International Distribution Services (IDS) has failed to …

Open this photo in gallery: Former CEO of Post Office Limited Paula Vennells arrives to give evidence to the Post Office Horizon IT Inquiry, in London, on May 22.HENRY NICHOLLS/Getty Images A Canadian businesswoman who ran Britain’s Royal Mail for nearly a decade has accused a senior executive of knowing …

Ms Vennells joined the Post Office in 2007 as group network director before later progressing to managing director and eventually chief executive in 2012, a role she left in 2019 after handing in her resignation in the latter months of 2018. However, she told the inquiry that she did not …

Post Office inquiry live: Ex-boss Paula Vennells cries and admits evidence to MPs wasn’t true – BBC News BreakingBreaking news Close breaking news Summary Ex-Post Office boss Paula Vennells has been in tears at the inquiry into the Horizon scandal She broke down when acknowledging that what she told MPs …

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Paula Vennells denied there was a conspiracy by the Post Office to hide information about flaws in its Horizon system, as she broke down in tears on Wednesday and apologised …