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© Reuters. By Scott Kanowsky  Investing.com — Britain’s Royal Mail has posted a half-year adjusted operating loss of £219 million (£1 = $1.1903), matching a warning issued in October, as the more than 500-year-old business faces the impact from strikes and weak parcel volumes.   The delivery service also confirmed a prior …

Royal Mail has asked the UK government for an early move to cut its letter service to five days a week after strike action saw it rack up hefty first-half losses. Chief executive Simon Thompson vowed to do “whatever it takes” to turn the group around after interim results showed …

Royal Mail owner International Distributions Systems swung to a half-year loss, blaming weak parcel volumes and strikes at the UK postal carrier, and also axed its interim dividend. Reported pre-tax losses came in at £127m, compared with a profit of £315m a year earlier. The company also said it would …

Royal Mail has asked the government’s permission to cut its letter delivery service from six to five days, as it looks to stave off a deepening financial crisis amid a long-running dispute with postal workers. The company, which currently delivers letters Monday to Saturday, urged ministers on Wednesday to enable …

Royal Mail have petitioned the UK Government to cut letter services down to five days a week after admitting heavy losses following crippling industrial action. Three days of crippling strikes in the first half of the year are reported to have cost the organisation around £70 million. Further strikes in …

Royal Mail has accelerated plans to axe Saturday letter deliveries by asking the Government to consider changing postal laws to allow a five-day-a-week operation. The postal monopoly, which has a legal requirement under its “Universal Service Obligation” to deliver letters six-days-a-week, is seeking permission for “an early move to five …

Royal Mail workers will stage two 48-hour strikes around Black Friday and Cyber Monday as a long-running row over pay, jobs and conditions continues. The action could have a significant effect on consumers, with these being two of the busiest shopping days of the year, coming less than a month …

Keith Williams, non-executive chair of Royal Mail's owner International Distributions Services, said "urgent reform" was needed, to ensure a … Source link

International Distributions Services swung to a first-half operating loss of £57million as strike disruption, rising costs and lower delivery volumes took their toll.  At the same point a year ago Royal Mail’s parent company posted an operating profit of £404million.  The former British postal monopoly, which recently changed the name …

Royal Mail Royal Mail has asked the Government for an early move to cut its letter service to five days a week as it unveiled hefty losses after a hit from crippling strike action. Boss Simon Thompson vowed to do “whatever it takes” to turn the group around after half-year …