Tag Archives: International Distribution Services

[Getty Images] Royal Mail has returned a profit for the first time in three years as the company attempts to turn around its fortunes. In its first set of results since being taken over by Czech billionaire Daniel Kretinsky’s EP Group in April, the company reported profits of £12m, excluding …

By Pushkala Aripaka (Reuters) -Royal Mail’s U.S. shipments are moving smoothly after the British post and parcel group had to adapt to Washington’s ending of tariff exemptions for low-value packages, the CEO of its owner International Distribution Services said on Monday. The U.S. tariff relief for shipments under $800, known …

The six times a week Second Class service will end on July 28 (Yui Mok/PA) (PA Wire) Second class mail deliveries are to be slashed from six to just three days a week from later this month in one of the biggest cutbacks in postal services in the 500 year …

(Reuters) -International Distribution Services said on Thursday Royal Mail and the Communication Workers Union (CWU) have agreed on a three-year pay deal. Royal Mail, whose iconic red post boxes with the Royal Crest dot the country, has struggled with labour strikes, competition and loss of market share. CWU, the largest …

Czech billionaire Daniel Kretinsky is to become chairman of Royal Mail after completing the £3.6 billion takeover of the postal service. (PA Wire) Czech billionaire Daniel Kretinsky is to become chairman of Royal Mail after completing the £3.6 billion takeover of the postal service. Mr Kretinsky’s EP Group said that, …

(Reuters) -Czech billionaire Daniel Kretinsky will become the chairman of British parcel and postal firm Royal Mail, his investment firm EP Group said on Friday. Kretinsky’s EP Group closed its 3.57 billion pounds ($4.90 billion) acquisition of Royal Mail’s parent company International Distribution Services (IDS) earlier this month. The new …

STORY: The British government approved a multi-billion dollar takeover of the country’s iconic postal service Royal Mail on Monday (Dec 16). EP Group – owned by Czech billionaire Daniel Kretinsky – has bid $4.5 billion for International Distribution Services – or IDS – which is Royal Mail’s parent. IDS agreed …

(Reuters) -The British government has approved Czech billionaire Daniel Kretinsky’s 5.3-billion-pound ($6.69 billion) takeover of Royal Mail owner International Distribution Services, the Financial Times reported on Monday. The approval is set to be announced as early as Monday morning, the report said, citing people familiar with the matter. International Distribution …

Shares in ride-hailing company Uber closed Thursday’s session flat after the stock tumbled in the previous session. The stock was down in Wednesday’s trading session following an announcement from General Motors (GM) that it was pulling the plug on its robotaxi project Cruise. Back in August, Uber announced a partnership …

By Yadarisa Shabong (Reuters) -The parent firm of Britain’s Royal Mail warned of a worsening cost environment following last month’s budget and said it could not rule out price hikes and higher automation as it looks to cut costs after returning to a first-half profit. International Distribution Services, which owns …