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The postal service is being investigated for failing to meet its delivery targets over the past year The group’s owner International Distribution Services (IDS) blamed the downturn on industrial action, which led to an operating loss of £1.04 billion for the year to 26 March, against earnings of £250 million …

(Bloomberg) — Royal Mail reported an operating loss of £1 billion ($1.25 billion) after the beleaguered delivery service endured a long dispute with a trade union.  International Distributions Services Plc, which owns the UK postal service, said industrial action, a weak online retail market and severance costs from redundancies had …

Carrier considering scrapping flights for ferry The Isle of Man Post Office is working with Royal Mail to review the implications of removing the dedicated aircraft that brings letters and parcels to the Island.  The mail carrier announced it’s considering scrapping daily delivery flights to Jersey and the Island, and …

Reporting a $1.3 billion loss for 2022-2023 on Thursday, International Distributions Services said the poor performance was due to industrial action by postal workers in its Royal Mail division and a failure to boost productivity. File photo by Andy Rain/EPA-EFE May 18 (UPI) — The parent company of Britain’s Royal …

Royal Mail has confirmed it will get more posties to deliver across Nuneaton amid reports of more delays. One resident contacted CoventryLive to say her dad, who lives in the St Nicolas Park area of town, had no mail delivered for three weeks – then it all turned up at …

Royal Mail has again called for “major reform” of the USO after posting a £1bn operating loss – reduced to a mere £419m, or £8m a week – on an adjusted basis. Parent company International Distributions Services (IDS) posted its preliminary results for the 52 weeks ending 26 March …

In its ‘Consultation on changes to the Postal Schemes 2023’ document, Royal Mail said that as the Isle of Man, like Jersey and Guernsey, is not part of the UK, it was ‘not covered by the domestic requirements under Ofcom’s Designated Universal Service Condition, which include providing a next day …

ID 47484044 © Exopixel | Dreamstime.com Sell-side research house Bernstein today ran the rule over International Distributions Services (IDS), the holding company controlling Royal Mail and logistics arm GLS. Before you get going, the scale of the problem is here below, sourced from IDS’s statement: “Group reported operating loss of …

Group-wide loss of £748mn £539mn hit to carrying value  Royal Mail has reported an operating loss of over £1bn, after 12 months of strikes and inflationary pressures. International Distributions Services (IDS) as a whole – which also includes profitable European courier GLS – incurred a loss of £748mn. UK operations …

Royal Mail posted an annual adjusted operating loss of £419 million, its parent International Distributions Services has said, after a year marred by strikes. The results showed that the wider group, which includes Royal Mail UK and GLS, its international operation, reported an adjusted operating loss of £71 million for …