[ad_1] Issues with deliveries have caused turmoil for retailers. Almost 40pc more packages were returned between Christmas and New Year compared to last year, figures from returns company ReBound showed, after presents turned up too late. Altogether the row with the Communication Workers Union (CWU) has cost Royal Mail around £200m since August, the company…
[ad_1] Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Some 31 million Britons were hit by postal over Christmas as Royal Mail “let consumers down for a third year running,” Citizens Advice said. Some 60% of UK adults experienced delayed post,…
[ad_1] LONDON: British postal firm Royal Mail is restarting some of its international export services, the company said on Thursday (Jan 26), 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 services to all destinations for business…
[ad_1] An estimated 31 million people were hit by letter delays over Christmas as Royal Mail “let consumers down for a third year running”, Citizens Advice said. Some 60% of UK adults experienced delayed post, with some still receiving festive cards well into the new year, a survey for the charity suggests. Some 11% –…
[ad_1] For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails An estimated 31 million people were hit by letter delays over Christmas as Royal Mail “let consumers down for a third year running”, Citizens Advice said. Some…
[ad_1] UK postal operator Royal Mail revealed Thursday that it took a vast £200-million ($247 million) hit from recent strikes over pay, deepening the group’s losses. Operating losses hit £295 million in the nine months to December from a year earlier, parent International Distributions Services (IDS) said in a results statement. Royal Mail’s revenue tumbled…
[ad_1] 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 a crisis, losing millions…
[ad_1] 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 that addressed letter volumes…
[ad_1] 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 to dispatch parcels and…
[ad_1] 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 lower demand for letters,…