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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 …

Strike action cost Royal Mail more than £1m every day over the past 12 months, with the disruption contributing to an annual loss of more than £1bn for the group’s owner. International Distributions Services (IDS) revealed Royal Mail swung to an operating loss of £1.04bn for the year to March …

International Distribution Services (IDS) has reported full-year revenue of £12.0bn, down 5.3%. The drop was driven by performance at Royal Mail, where revenue fell 13%, as it struggled due to industrial action and a decline in volumes across parcels and letters. GLS saw revenue rise 10.2%, as higher prices more …

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 loss on industrial action, which led to an operating loss of £1.04 billion for the year to 26 March, against earnings of £250 million …

Royal Mail has reported a £1bn loss, with bosses blaming strike action by workers and a failure to increase productivity for its poor performance during a year in which it cut 10,000 jobs. The poor performance led International Distributions Services (IDS), which owns Royal Mail, to report an overall loss …

Royal Mail makes £1 billion annual loss as postal service is hit by strikes and slump in demand for parcel deliveries By Martin Robinson, Chief Reporter For Mailonline Published: 02:30 EDT, 18 May 2023 | Updated: 03:10 EDT, 18 May 2023 Royal Mail has lost £1billion in the past year, …

Royal Mail posts £1bn loss after year of strife Royal Mail has reported a loss of over one billion pounds, after a year hit by strikes and poor delivery performance. Parent company International Distributions Services has reported that Royal Mail made a loss of £1.044bn in the year to March, …