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Finance Extra for the UK and Spain « Euro Weekly News

Stamped out ROYAL MAIL’S parent company International Distributions Services (IDS) wants regulator Ofcom to accelerate a review enabling it to cut services and save cash. At the same time, IDS has rejected Daniel Kretinsky’s £3.2 billion (€3.7 billion) takeover bid, saying it was “opportunistic” and undervalued the postal service.  Bad …

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Canada Post Reports $748 Million Pre-Tax Loss In 2023

Canada Post reported a significant pre-tax loss of $748 million last year, underscoring a growing financial crisis within the organization. The Crown corporation attributed the loss to a combination of shrinking market share in parcel delivery and a steady decline in letter volumes. This loss marks a 37% increase from …

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