Royal Mail facing Xmas axe by firms: Retailers rush to ensure key festive sales period not scuppered by strike action By Daily Mail City & Finance Reporter Published: 16:50 EST, 4 December 2022 | Updated: 17:06 EST, 4 December 2022 Royal Mail could see multiple firms stop using its parcel …
Read More »Will Royal Mail’s plan for parcels kill off THOUSANDS more local post offices?
Thousands of post offices could disappear in the next two to three years as shops whose premises they share quit the high street as victims of a faltering economy. Experts fear that up to 6,000 branches are vulnerable, meaning the 11,500-strong service could halve. The ailing network receives £50million a …
Read More »Royal Mail mulls hiving off international arm as strikes take toll
Royal Mail hints it is to hive off its profit-making international arm after strikes take their toll By John-Paul Ford Rojas For The Daily Mail Published: 17:21 EST, 17 November 2022 | Updated: 17:21 EST, 17 November 2022 Royal Mail has given its clearest indication that it could split from …
Read More »Strike action at Royal Mail plunges parent firm IDS to first half loss
International Distributions Services swung to a first-half operating loss of £57million as strike disruption, rising costs and lower delivery volumes took their toll. At the same point a year ago Royal Mail’s parent company posted an operating profit of £404million. The former British postal monopoly, which recently changed the name …
Read More »RUTH SUNDERLAND: Danger of a hair shirt Budget
RUTH SUNDERLAND: Danger of a hair shirt Budget – taxing aspiration is a tax on human nature Two enormous challenges lie in wait for Jeremy Hunt and Rishi Sunak in Budget The first is restoring credibility to the public finances The second, and even more important challenge, is to ignite …
Read More »Czech Sphinx Daniel Kretinsky rubbing his hands over Royal Mail
Special delivery: Daniel Kretinsky can raise his stake in Royal Mail above 25 per cent At the sporting events where they are spotted together, Daniel Kretinsky and Anna Kellnerova could easily blend into the crowd. But the bespectacled 47-yearold lawyer and his much younger showjumper girlfriend are one of the …
Read More »Czech billionaire cleared to swoop on Royal Mail
The Czech Sphinx with an eye for energy and football: Billionaire Daniel Kretinsky cleared to swoop on Royal Mail as national security probe is called off Kretinsky controls 22% of Royal Mail parent company IDS ‘No further action’ would be taken against him should he increase his stake By Calum …
Read More »Government clears Czech billionaire to increase his stake in Royal Mail
Government clears Czech billionaire’s plan to increase his 22% stake in Royal Mail after national security probe Daniel Kretinsky looks set to be allowed to up his stake in Royal Mail In August, the Government said it would launch a national security probe Today, International Distributions Services – the new …
Read More »Now you can’t even swap your stamps at the Post Office
Now you can’t even swap your stamps at the Post Office as Royal Mail blames ‘security reasons’ By Laura Purkess For The Daily Mail Published: 17:14 EDT, 25 October 2022 | Updated: 17:14 EDT, 25 October 2022 Royal Mail has warned customers that they cannot swap their old-style stamps at …
Read More »Profit warnings soar to highest level since the financial crisis
Profit warnings soar to highest level since the financial crisis: A total of 86 statements downgrading profit forecasts were issued over third quarter By Daily Mail City & Finance Reporter Published: 16:50 EDT, 23 October 2022 | Updated: 16:50 EDT, 23 October 2022 Profit warnings from UK companies have hit …
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