UK communications regulator Ofcom announced plans to review the nation’s universal postal service on Tuesday, as a result of the changing needs and habits of postal users. Ofcom said the universal postal service, underpinned by the Postal Services Act of 2011, mandated International Distributions Services subsidiary Royal Mail to deliver …
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Royal Mail parent International Distribution Services said on Thursday that it was still targeting an adjusted operating profit for the year, as it announced the appointment of Martin Seidenberg as its new chief executive officer. In an update for the three months to the end of June, the company said …
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The government has blocked Royal Mail’s plans to axe Saturday letter deliveries, it was revealed on Thursday, which could see the price of stamps increase even further. Business minister Kevin Hollinrake confirmed the move in a letter to parliament’s cross-party Business select committee. Royal Mail, owned by International Distributions Services …
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Royal Mail chief executive Simon Thompson has quit after a bitter year-long dispute with the postal workers’ union, the company said on Friday. Thompson, who was in the top job for just over two years, last month finally reached a deal with the Communication Workers Union o pay and conditions …
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Royal Mail issued a threat to put its loss-making postal service into administration, it emerged on Tuesday, amid escalating talks with union chiefs. According to the Telegraph, the postal operator – part of the recently-renamed International Distributions Services – had warned unions that it could place the regulated part of …
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Royal Mail said on Tuesday that its international services have now been restored following a cyber incident last month. This applies to services to all destinations for purchase online, through shipping solutions and over the counter at Post Office branches. Nevertheless, the company cautioned that the delivery of international items …
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Royal Mail said it had resumed overseas tracked and signed-for services to all destinations for online customers after the cyber attack by ransomware gang Lockbit, which has links to Russia. The carrier, owned by International Distribution Services, said it had “made further progress in exporting an increasing number of items …
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British letter and parcel carrier Royal Mail has told to stop blaming the Covid pandemic for late deliveries after missing performance targets. An investigation by industry regulator Ofcom found that just 82% of first class mail was delivered within one working day in the year to March 31, well below …
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Royal Mail workers are to extend industrial action to include Christmas Eve, it emerged on Friday, the latest salvo in a long-running dispute over jobs, condition and pay. Members of the Communication Workers Union at the postal company, who are already due to strike for four days around Black Friday …
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Royal Mail owner International Distributions Systems swung to a half-year loss, blaming weak parcel volumes and strikes at the UK postal carrier, and also axed its interim dividend. Reported pre-tax losses came in at £127m, compared with a profit of £315m a year earlier. The company also said it would …
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