Martin Seidenberg, chief executive of parent company IDS, said: “In the last six months we have set Royal Mail on the right trajectory. We made good progress delivering our modernisation agenda and returned to growth in the second half. “We have improved quality, won back customers lost during industrial action, …
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Regulators have launched an investigation into Royal Mail after it delivered 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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Former Post Office chief executive Paula Vennells has finished giving evidence to the Horizon IT inquiry after three days of intense questioning. Ms Vennells broke down in tears multiple times and made a series of admissions about her tenure as chief executive from 2012 to 2019. Over the past three …
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Former Post Office boss Paula Vennells has admitted to amending the legal document Royal Mail issued to would-be investors before it became publicly owned to remove mention of the flawed Horizon IT system. Data from the accounting software created by Fujitsu was used to prosecute more than 700 sub-postmasters for …
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Royal Mail owner IDS has failed to publish its results on time Royal Mail’s parent company International Distribution Services (IDS) has failed to deliver its full year trading update on time, scheduled for 07:00 on Thursday morning, as a possible takeover hangs over the group. IDS was set to announce …
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By Hanna Vioque (May 23, 2024, 6:43 PM BST) — Royal Mail cannot be faulted for firing a delivery driver who threatened to blow up a colleague’s car in a WhatsApp message if the colleague didn’t join the picket line, an employment tribunal has ruled…. Law360 is on it, so …
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About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He …
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Royal Mail owner International Distribution Services said on Thursday that it has had to delay the publication of its full-year results – which were originally due on Thursday morning – after auditor KPMG requested additional time to complete procedures. “The group’s auditor, KPMG, has requested additional time to complete the …
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The owner of Royal Mail group switched from takeover controversy to farce today when it took nearly seven hours to tell the stock market that it would not be able to publish its annual results as scheduled. When International Distributions Services, Royal Mail’s holding company, finally got round to making …
Read More »International Distributions Services PLC – London-based Royal Mail owner – Confirms delay to publication of results for the financial year ended March 31, which it had aimed to release on Thursday. Explains its auditor KPMG requested additional time to complete the usual standard procedures, noting that their internal reviews were …
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