[ad_1] [Getty Images] Royal Mail has returned a profit for the first time in three years as the company attempts to turn around its fortunes. In its first set of results since being taken over by Czech billionaire Daniel Kretinsky’s EP Group in April, the company reported profits of £12m, excluding voluntary redundancy costs. Royal…
[ad_1] Royal Mail was bought by Czech billionaire Daniel Kretinsky in a £3.6bn deal in April – Peter Cziborra/Reuters Royal Mail has posted its first profit in three years as it cuts back on second-class letter deliveries. The postal service reported operating profits of £12m in the year to the end of March as it…
[ad_1] Royal Mail returns an underlying profit for first time in three years By MIKE SHEEN, BUSINESS EDITOR Updated: 08:02 EDT, 1 September 2025 Royal Mail has returned an underlying profit for the first time in three years as bosses hailed an ‘important milestone in the company’s turnaround’. It follows the controversial £3.6billion takeover…
[ad_1] By JOHN-PAUL FORD ROJAS, DEPUTY BUSINESS EDITOR Updated: 17:07 EDT, 1 September 2025 Royal Mail’s parent company has demanded a ‘level playing field’ on tax with parcel delivery rivals after taking a major hit from Labour’s National Insurance hike. Michael Snape, finance director at International Distribution Services (IDS), lashed out at competitors who did…
[ad_1] ROYAL Mail is back in profit for the first time in three years, despite tough competition and big changes. The postal service delivered £12million in earnings for the year to March 31, excluding redundancy costs — a huge turnaround from last year’s £336million loss. But, with job-cut costs included, Royal Mail still remained in…
[ad_1] Royal Mail has announced a number of changes this year Royal Mail worker and post box(Image: PA) Royal Mail has provided an update on a major schedule change announced this year. The mailing service announced in July it will be scrapping its Saturday deliveries for second-class post and switch to an alternate weekday service…
[ad_1] The owner of Royal Mail has said it will take “many months” to roll out changes that will see it ditch second class letter deliveries on Saturdays across the UK. International Distribution Services (IDS) – which saw its £3.6 billion takeover by Czech billionaire Daniel Kretinsky’s EP Group complete in June – said it…
[ad_1] UK manufacturing downturn continues as new orders and new export business fall Ouch! The UK manufacturing sector shrank again last month, as factories were hit by weaker demand at home and abroad. The latest monthly poll of purchasing managers across Britain’s manufacturing sector found that new orders and new export business both fell at…
[ad_1] Royal Mail has said its moves to slash second-class deliveries will take “many months” to roll out, as it reported its first annual profit for three years in its maiden results since its £3.6bn takeover by the Czech billionaire Daniel Křetínský. Its parent group, International Distribution Services (IDS), is transforming the postal service after…
[ad_1] In its first set of figures since the group’s £3.6 billion takeover by Czech billionaire Daniel Kretinsky’s EP Group, owner International Distribution Services (IDS) said Royal Mail delivered underlying earnings, excluding voluntary redundancy costs, of £12 million for the year to March 31. This compared with losses of £336 million the previous year. But,…