Ian King speaks to Rain Newton-Smith from the CBI, the chair of Water UK, Ruth Kelly and Holly Bishop, chief operating and commercial officer at NME Networks. He also speaks to Ruth Mortimer, Global President of Advertising Week Europe, Nick Burns, the chief executive of Reward Gateway, as well as …
Read More »
Authored by Evgenia Filimianova via The Epoch Times, Royal Mail has suffered a full-year loss of more than £1 billion, leaving it trading at a loss as it recovers from the impacts of industrial action. A 94-page document (pdf) by Royal Mail’s owner International Distributions Services (IDS), reported that the …
Read More »
THE “gross mismanagement” of Royal Mail is to blame for the privatised firm slumping to losses of more than £1 billion, the Communication Workers Union (CWU) warned today. The owner of the 500-year-old company, International Distributions Services (IDS), revealed it suffered an operating loss of £1.04bn for the year to late March, …
Read More »
Image source: Getty Images Nearly 10 years ago, the bulk of Royal Mail was privatised, with the process being completed two years later, in October 2015. But the odds are good that if you bought into the privatisation process, you did so during that first sale, in October 2013. Royal …
Read More »
ROYAL MAIL has swung to a £1billion loss and said it will take two more years to make a headline profit as it wrestles with modernising its postal service. The business, clunkily rebranded to International Distributions Services, said it was dragged down by a £539million writedown of its value, and …
Read More »
Thursday, May 18th, 2023 11:48am Royal Mail is looking at changing the way mail is delivered to the Isle of Man. That’s according to a consultation document which outlines a number of proposed changes to services. Isle of Man Post Office is working with the mail carrier to explore the …
Read More »
In today’s top stories, International Distributions Services has blamed striking workers for Royal Mail’s £1bn loss. Elsewhere, Japanese PM Fumio Kishida met with semiconductor industry leaders to discuss his commitment to making the country a hub for chip manufacturing, while BT Group is to cut as many as 55,000 jobs …
Read More »
REFRESH PAGE FOR UPDATES Royal Mail Royal Mail swung to a £419 million adjusted operating loss after a brutal battle with unions over pay and conditions. The loss compared with a profit of £416m last time. Parent company International Distributions Services reported a group adjusted operating loss of 71 million …
Read More »
Royal Mail has blamed strike action for helping send it slumping to a full-year loss of more than £1 billion. The group’s owner, International Distributions Services, revealed Royal Mail swung to an operating loss of £1.04 billion for the year to March 26, against earnings of £250 million the previous …
Read More »“We have grounds for optimism,” said Keith Williams, chair of Royal Mail’s parent company, adopting a tone that hasn’t been heard from the boardroom in a while. What’s more, you can see what he means. While a full-year “adjusted” operating loss of £419m at Royal Mail is nobody’s idea of …
Read More »