Royal Mail continues to make steady progress on recovering its international letter and parcel export services following a suspected LockBit ransomware attack earlier in January. Having started to despatch standard export letters, and letters and parcels from Northern Ireland into Ireland, on Thursday 19 January, the postal service now says …
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ID 44176444 © Kaspars Grinvalds | Dreamstime.com The trading update of International Distributions Services (IDS) for the nine months to the end of December did very little to boost the morale of the value hunters. The holding company, whose chief trading arms are Royal Mail (RMG) and GLS, represents the dichotomy …
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Royal Mail has taken a £200mn hit from strikes as it races to restore customers’ faith in its services amid an ongoing dispute with postal workers and a damaging cyber attack. The UK delivery group’s parent company, International Distribution Services, said on Thursday that 18 days of staff walkouts pushed …
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Royal Mail said it had resumed overseas tracked and signed-for services to all destinations for online customers after the cyber attack by ransomware gang Lockbit, which has links to Russia. The carrier, owned by International Distribution Services, said it had “made further progress in exporting an increasing number of items …
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International Distribution Services has published an update for the 9 months to end of December 2022, revealing Royal Mail’s year to year adjusted operating loss of £295 million. Financial highlights Revenue down 12.8% year on year in the nine-month period. Performance continues to be driven by a return to structural …
Read More »Key events Filters BETA Key events (8)UK (8)TSB (3)China (3)US (3) Royal Mail restarts international deliveries following cyber-attack Royal Mail has resumed international deliveries following a damaging cyber-attack on its business, and revealed that recent strikes by postal workers cost it £200m and pushed it into a hefty operating loss. …
Read More »Royal Mail has revealed the cost of strike action in a bitter dispute over pay and conditions has reached around £200 million, helping pushing the business to a hefty operating loss. The group’s owner, International Distributions Services (IDS), revealed Royal Mail’s operating losses mounted to £295 million in the first …
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Royal Mail has revealed the cost of strike action in a bitter dispute over pay and conditions has reached around £200 million, helping pushing the business to a hefty operating loss. The group’s owner, International Distributions Services (IDS), revealed Royal Mail’s operating losses mounted to £295 million in the first …
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Jan 26 (Reuters) – UK’s Royal Mail forecast a narrower loss for the current fiscal year, helped by measures to keep costs low, although its expects cash flow to slip into negative for 2024 as it reels from the impact of a series of strikes, its parent firm said on …
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The 507-year-old Royal Mail, which was privatised in 2013, is in the middle of a crisis after losing millions of pounds due to staff strikes in a long-running row over pay and conditions. The company now expects an adjusted operating loss near the mid-point of its previous forecast range of …
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