Britain’s Royal Mail expects its 2023 losses to be around the mid-point of its prior forecast range as the firm took measures to cut costs and mitigate the impact of strikes, its parent company said today. The 507-year-old Royal Mail, which was privatised in 2013, is in the middle of …
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Royal Mail parent International Distributions Services has put a £200m price tag on the cost of last year’s strike action, and said that asset sales will be required to support cashflow at the postal operator. In a trading update for the nine months to 31 December 2022, IDS said …
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Royal Mail is progressing towards resuming full operations just two weeks after a ransomware attack caused “severe service disruption,” marking a victory for British cyber authorities who have stressed the importance of recovery as well as resistance to combat the impact of attacks. The British postage and courier company’s ability …
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elenathewise / Depositphotos International Distributions Services PLC (LON:IDS) saw revenue down 5.4% to £9.1bn over the first 9 months of the financial year. That reflected a 12.8% decline from Royal Mail that was partially offset by GLS, which rose by 9.7%. Royal Mail continues to feel the impact of structurally …
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Royal mail resumes more services after cyber incident | WTVB | 1590 AM · 95.5 FM | The Voice of Branch County Close For the health and safety of everyone, our offices are temporarily closed to the public. If you have …
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LONDON, Jan 26 (Reuters) – British postal firm Royal Mail is restarting some of its international export services, the company said on Thursday, two weeks after its operations were disrupted by what it called a “cyber incident.” Royal Mail will be resuming its International Tracked and Signed, and International Signed …
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The dispute with workers in the Communication Workers Union has led to 18 days of walkouts since August. Royal Mail owner International Distributions … Source link
Read More »Strike action at Royal Mail has cost the besieged postal company about £200 million, sending it to a large operating loss. International Distributions Services (IDS), the recently renamed parent company, posted operating losses at Royal Mail, its UK business, of £295 million for the first nine months of its financial …
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T he owner of strike-ravaged Royal Mail today revealed the scale of the devastating impact of industrial action on its profits after strikes brought chaos to the peak Christmas parcel and card delivery season. International Distribution Services said 18 days of industrial action by postal workers — including seven in …
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Royal Mail strike action has cost business £200m as worker woes and cyber attack put boss Simon Thompson under mounting pressure Royal Mail owner IDS said 18 days of strike action had hit the group Letter and parcel volumes down and a hefty annual loss is forecast By Jane Denton …
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