IN BRIEF: Royal Mail owner IDS results delayed as KPMG needs more time

International Distributions Services PLC – London-based Royal Mail owner – Confirms delay to publication of results for the financial year ended March 31, which it had aimed to release on Thursday. Explains its auditor KPMG requested additional time to complete the usual standard procedures, noting that their internal reviews were late in the audit timetable. Further, IDS confirms it expects its adjusted operating profit excluding voluntary redundancy costs for the financial year to be broadly in line with its previously published guidance.

Current stock price: 318.60 pence each, down 2.8% on Thursday afternoon in London

12-month change: up 59%

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