Royal Mail is being investigated by Ofcom after the service failed to deliver less than three quarters of first-class post on time in the last year. In its yearly financial results on Friday, Royal Mail’s parent company, International Distribution Services (IDS) said only 74.5% of first-class mail was delivered within …
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The results come as IDS waits for a potential buy-out offer from Czech billionaire Daniel Kretinsky. It reiterated it is “minded” to accept a proposed bid worth about £3.5bn put forward on 15 May. Business Secretary Kemi Badenoch said earlier this month that Royal Mail’s universal service obligation will need …
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(Reuters) – Britain’s communications regulator Ofcom is investigating International Distribution Services-owned Royal Mail over its failure to meet its delivery targets for the financial year 2023-24, the regulator said on Friday. Under Ofcom’s rules, Royal Mail is required to meet performance targets across the whole financial year, such as delivering …
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Friday 24 May 2024 7:07 pm Share Facebook Share on Facebook X Share on Twitter LinkedIn Share on LinkedIn WhatsApp Share on WhatsApp Email Share on Email IDS finally delivered its annual financial results statement, which was more than 24 hours late. Regulators have launched an investigation into Royal Mail …
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A postman removes letters and parcels from his Royal Mail vehicle in London Royal Mail is being investigated by Ofcom after the service failed to deliver more than a quarter of first class post on time. The investigation – which could result in a multi-million pound fine – was launched after …
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By Jessica Clark Updated: 16:50 EDT, 24 May 2024 Royal Mail’s owner yesterday insisted the postal service is back on track despite missing delivery targets and losing nearly £1m a day over the past year. The results came days before a crunch deadline that could see the 508-year-old firm fall …
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reuters_tickers This content was published on May 25, 2024 – 00:53 (Reuters) – Britain’s communications regulator Ofcom is investigating International Distribution Services-owned Royal Mail over its failure to meet its delivery targets for the financial year 2023-24, the regulator said on Friday. Under Ofcom’s rules, Royal Mail is required to …
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UK regulator to probe Royal Mail’s delivery targets miss May 24 (Reuters) –Britain’s communications regulator Ofcom is investigating International Distribution Services IDSI.L-owned Royal Mail over its failure to meet its delivery targets for the financial year 2023-24, the regulator said on Friday. Under Ofcom’s rules, Royal Mail is required to …
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Royal Mail’s owner filed its accounts late Communications watchdog Ofcom launched an investigation into the Royal Mail’s failure to meet its delivery targets after the company’s owner published its delayed annual results. International Distributions Services filed its annual figures after the stock market had closed. They had been due at …
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By Alex Brummer for the Daily Mail Updated: 16:50 EDT, 24 May 2024 The wheels of commerce spin ever faster with a rush of FTSE 350 takeover bids. But the General Election campaign will usher in a period of regulatory purdah. The effort by Czech billionaire Daniel Kretinsky to swallow …
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