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Royal Mail fined £10.5m for missing delivery targets

Royal Mail has been fined £10.5m by the communications regulator Ofcom for failing to meet delivery targets for first and second-class mail in the 2023-2024 financial year. The penalty was nearly double last year’s fine of £5.6m for failing to meet obligations under the Universal Service Obligation. Under Ofcom’s standards, …

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Royal Caribbean Doubles Hong Kong Homeport Sailings in 2025

Hong Kong Tourism Poised for Growth; Cruise Business Fuels Economic Recovery HONG KONG SAR – Media OutReach Newswire – 7 December 2024 – Royal Caribbean International, the world’s leading and Hong Kong’s longest-standing homeporting cruise line, is set to double its Hong Kong homeport sailings next year with an extended …

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Posties in line to get new vans

POSTIES in Shetland are set to take delivery of as many as 20 new vehicles, Royal Mail has confirmed. A spokesperson for the company confirmed on Friday that as part of a plan for replacing older vehicles five new vans have already been received, with a further 15 due to …

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Royal Mail parent IDS to offload US freight divisions

Royal Mail parent International Distribution Services (IDS) announced on Monday that its parcel services subsidiary, GLS, would sell its US freight divisions to California-based DC Logistics. The move was part of GLS’ strategic focus on enhancing its core parcel services. According to Reuters, the divestment would include GLS US Freight …

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Government to scrutinise £5.3bn Royal Mail takeover

The new Labour government is set to look closely at the £5.3bn takeover of Royal Mail-owner International Distribution Services by Czech billionaire Daniel Kretinsky. Business secretary Jonathan Reynolds said it would be “reasonable to expect [the deal] to be called in”, as ministers had intervened when Kretinsky increased his stake …

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