[ad_1] Oct 21 (Reuters) – Parcel services firm GLS, the international sister business to the UK’s Royal Mail, has agreed to buy a 20% stake in Greece’s ACS for 74 million euros ($80.06 million), their parent International Distribution Services (IDSI.L), opens new tab said on Monday. Under the deal GLS will retain the option to…
[ad_1] July 20 (Reuters) – Royal Mail’s parent group International Distributions Services (IDS) (IDSI.L) appointed Martin Seidenberg, CEO of the group’s international parcels network, as its new group CEO on Thursday. Seidenberg, who previously spent 15 years at Deutsche Post DHL, joined GLS in 2015 and has been a member of the board since April…
[ad_1] May 24 (Reuters) – Royal Mail’s largest union warned on Wednesday it would suspend voting on an agreement reached with the British postal services firm last month over pay and worker terms, charging the firm of not abiding by some of the agreed-upon conditions. The Communication Workers Union (CWU) had said in April it…
[ad_1] May 15 (Reuters) – Ofcom, Britain’s communications regulator, said it launched a probe on Monday into Royal Mail’s failure to meet delivery targets in the past year, adding it would consider imposing a financial penalty. Royal Mail earlier said it did not meet delivery targets for 2022-2023, blaming union disputes that had caused strike…
[ad_1] May 12 (Reuters) – Royal Mail’s CEO Simon Thompson plans to step down later this year, saying it was the “right time” for the company to move forward under new leadership, as the British postal group tries to draw a line under a lengthy pay dispute. Parent company International Distributions Services Plc (IDS) (IDSI.L)…
[ad_1] May 8 (Reuters) – Royal Mail’s parent (IDSI.L) could announce the UK postal services firm’s CEO Simon Thompson’s exit as soon as this week, Sky News reported on Monday. The report said the exit plan could be delayed beyond this week but an announcement will be made before annual results of its owner, International…
[ad_1] April 24 (Reuters) – Daniel Kretinsky is seeking to take control of debt-laden French supermarket chain Casino (CASP.PA), in a deal that would bring several well-known retail brands under the Czech billionaire’s umbrella in France. Kretinsky, 47, a former investment bank lawyer who built one of Europe’s largest energy groups, Energeticky a Prumyslovy Holding(EPH),…
[ad_1] April 15 (Reuters) – Britain’s Royal Mail and the Communication Workers Union (CWU) have reached a proposed agreement over pay and employment terms, which will be considered by the union’s executive before being voted on by members, the two sides said in a joint statement. More than 110,000 postal staff at Royal Mail, owned…
[ad_1] March 13 (Reuters) – Royal Mail and the Communications Workers Union (CWU) have agreed to extend talks in order to try and reach an agreement over pay and employment terms, the postal company and the CWU said in a joint statement on Monday. More than 110,000 postal workers at Royal Mail held several nation-wide…
[ad_1] Feb 6 (Reuters) – Postal workers at Britain’s Royal Mail called off a planned 24-hour strike over pay next week after receiving legal challenges by the company, the Communication Workers Union (CWU) said on Monday. Lawyers have advised that the union could defend its position in court, CWU said in a statement, but it…