By Yadarisa Shabong (Reuters) -The parent firm of Britain’s Royal Mail warned of a worsening cost environment following last month’s budget and said it could not rule out price hikes and higher automation as it looks to cut costs after returning to a first-half profit. International Distribution Services, which owns …
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Royal Mail owner International Distribution Services has written down the value of the UK mail business by £134mn because of the increase in … Source link
Read More »The company that owns Royal Mail is considering job cuts and price rises on stamps and parcels as it blamed the Labour government’s first budget in 14 years for adding £120m to its costs. International Distribution Services (IDS) said the government’s decision to raise employers’ national insurance contributions (NICs) compounded …
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Royal Mail said it was on track to return to profit for the full year once the cost of redundancies is removed from its balance sheet. However, bosses warned that reform to Royal Mail’s universal service obligations, which include a requirement to deliver letters six days a week, was even …
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Royal Mail has taken a £134mn hit to the value of its business because of the increase in employers’ national insurance contributions, in one of the biggest impacts from measures …
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Royal Mail has warned it will have to raise prices after taking a £120m hit from Rachel Reeves’s Budget tax raid. The postal company said the Chancellor’s decision to raise employer National Insurance contributions (NICs) will have a disproportionate impact on the company given it has 130,000 workers. Bosses said …
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(Photo: Royal Mail) This festive season, the Royal Mail’s 2024 Christmas stamp collection features a series of evocative snowy scenes of iconic UK cathedrals. Illustrated by British artist Judy Joel, each stamp captures the beauty of these sites dusted in winter snow, evoking a sense of peace, tradition, and …
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They capture key moments in his life, from his early years as a soldier to his leadership during the Second World War. Each stamp features photographs of Churchill at pivotal times, accompanied by some of his most famous quotes from articles, books, letters, and speeches. Churchill first appeared on a …
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Britons could save money by flying abroad and posting their Christmas cards back to the UK – given the soaring cost of first-class stamps, a study revealed today. Sending a letter from some countries in Europe back to Britain now costs half as much as sending it when in the …
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No: 364/24 20th November 2024 For the Immediate Attention of All: Postal BranchesDivisional RepresentativesArea Delivery RepresentativesArea Processing RepresentativesArea Distribution Representatives Dear Colleagues, Royal Mail – Christmas Arrangements 2024 Branches are advised that discussions have been ongoing with Royal Mail for some time with regards to a Christmas Arrangements …
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