Britain’s Royal Mail posts losses of 419 million pounds

IDS, which includes Royal Mail UK and international operations GLS, reported a group adjusted operating loss of 71 million pounds for the year ended March 26, compared with a profit of 758 million pounds a year earlier.

Analysts on average had expected a loss of 114 million pounds, according to a company-compiled consensus.

($1 = 0.7923 pounds)

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Subhranshu Sahu)