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 …
Read More »Royal Mail forced to delay results amid £3.5bn takeover bid
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so-called universal service obligation (USO), which requires it to deliver letters six days a week, warning that outdated regulations …
Read More »Royal Mail delays full-year results
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. …
Read More »Royal Mail Owner Pushes Back Results Over Audit Delays
(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 »Royal Mail owner fails to publish financial results amid impending takeover bid
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 …
Read More »FTSE 100 Live 23 May: Nationwide profit down, shares steady as growth slows
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
Read More »Royal Mail owner IDS fails to post full year results on time as takeover bid looms
Thursday 23 May 2024 10:16 am Share Facebook Share on Facebook X Share on Twitter LinkedIn Share on LinkedIn WhatsApp Share on WhatsApp Email Share on Email Royal Mail owner IDS has failed to publish its results on time Royal Mail’s parent company International Distribution Services (IDS) has failed to …
Read More »Former Canadian CEO’s texts reveal accusations about U.K. Post Office scandal
Open this photo in gallery: Former CEO of Post Office Limited Paula Vennells arrives to give evidence to the Post Office Horizon IT Inquiry, in London, on May 22.HENRY NICHOLLS/Getty Images A Canadian businesswoman who ran Britain’s Royal Mail for nearly a decade has accused a senior executive of knowing …
Read More »Ex-Royal Mail head Moya Greene told disgraced Post Office chief Paula Vennells: ‘I think you knew’
Ms Vennells joined the Post Office in 2007 as group network director before later progressing to managing director and eventually chief executive in 2012, a role she left in 2019 after handing in her resignation in the latter months of 2018. However, she told the inquiry that she did not …
Read More »Post Office inquiry live: Ex-boss Paula Vennells cries and admits evidence to MPs wasn’t true
Post Office inquiry live: Ex-boss Paula Vennells cries and admits evidence to MPs wasn’t true – BBC News BreakingBreaking news Close breaking news Summary Ex-Post Office boss Paula Vennells has been in tears at the inquiry into the Horizon scandal She broke down when acknowledging that what she told MPs …
Read More »