[ad_1] 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 Mail blamed strikes by…
[ad_1] 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 26, compared to earnings…
[ad_1] A Russian master hacker who claims to have cut off his own finger after losing a bet has been slapped with a $10m (£8m) bounty by US officials. Mikhail Matveev, 30, of Kaliningrad, was accused on Tuesday of being one of the leading members of the Hive, LockBit and Babuk ransomware gangs. LockBit was…
[ad_1] The figures follow revelations in the Telegraph last week that “postal deserts” had sprung up across the country, leaving households starved of deliveries for up to a fortnight. Grant McPherson, Royal Mail operating chief said: “We’re sorry to any customers who may have been impacted by our performance during a year that has been…
[ad_1] The boss of Royal Mail is to step down, its parent group confirmed Friday, after lawmakers criticised the former state-monopoly’s performance, which has been hit by mass strikes. Chief executive Simon Thompson “informed the board of his intention to step down” after concluding it was “the right time to move forward under new leadership”,…
[ad_1] Simon Thompson is set for a pay-off of up to £700,000 after quitting as the boss of Royal Mail in the wake of a tempestuous battle with union leaders. Mr Thompson will formally step down from the helm of Royal Mail in autumn, leaving the UK postal monopoly on the hunt for its third…
[ad_1] Click here to sign up to our free newsletters! Some of the stamps set to go down well with fans of the classic Blackadder series on TV. Royal Mail today announced the launch of 12 Special Stamps being issued to mark the 40th anniversary of the classic British sitcom, Blackadder. From the mists…
[ad_1] Nick Freeman, the motoring lawyer known as Mr Loophole, said that disruption to the postal deliveries could allow speeding motorists to escape a fine or points on their driving licence. Laws state that anyone caught speeding must receive a Notice of Intended Prosecution (NIP) within 14 days of the alleged offence. He advised…
[ad_1] The Labour MP has built up something of a following on the Left for his perceived skewering of company bosses during his time overseeing the business select committee but the impression was that he had already made up his mind about the Royal Mail chief. This was reinforced by the relatively easy ride that…
[ad_1] The chief executive of Royal Mail is preparing to step down amid a row over deliveries and after a year-long clash with workers over pay. Simon Thompson, who has spent two years at the helm of Royal Mail, is expected to step down within weeks, according to Sky News. During his time in charge…