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 …
Read More »London-listed International Distribution Services (IDS) said its auditor, KPMG, has asked for more time to complete its work on the results statement. The company did not give a new date for publishing its results. IDS had originally told markets it would publish its full-year financial results at 7am on Thursday, …
Read More »Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Royal Mail’s owner has delayed reporting its full-year financial results after auditor KPMG requested more time to complete a review, increasing investor concerns as the lossmaking company faces a takeover …
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It lost £319m in the first half of the year after losing £1bn the previous year amid crippling strike action. Bosses have put forward proposals to shake up the postal service’s so-called universal service obligation (USO), which requires it to deliver letters six days a week, warning that outdated regulations …
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Profit guidance unchanged New date to be released “as soon as reasonably practicable” The parent company of Royal Mail, International Distributions Services (IDS), has postponed its full-year results due to auditing delays. The courier was due to publish figures for the year ended 31 March at 7am on 23 May. …
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(Bloomberg) — The owner of Britain’s Royal Mail has delayed reporting its financial results, days after welcoming a £3.5 billion ($4.5 billion) bid from Czech billionaire Daniel Kretinsky. International Distributions Services Plc was due to report results for the year through March 31 on Thursday, but said in a statement …
Read More »London-listed International Distribution Services told markets it would publish its full-year financial results at 7am on Thursday, but by 11.30am nothing had been released. It comes a week after the company said it was “minded” to agree to a takeover by Czech billionaire Daniel Kretinsky. Mr Kretinsky, whose EP Group …
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Royal Mail owner fails to publish financial results amid impending takeover bid. The owner of Royal Mail has failed to publish its annual trading … Source link
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