Royal Mail fined £21m by Ofcom over missed delivery targets
15th Oct 2025 07:55
(Sharecast News) - Royal Mail has been fined £21m by Ofcom after failing to meet its delivery targets for first and second-class post in the 2024/25 financial year.
Read moreRoyal Mail to axe Saturday second-class deliveries, lower delivery targets
10th Jul 2025 07:53
(Sharecast News) - Britain's Royal Mail has been given permission to axe the Saturday delivery of second-class letters and lower reliability targets under new rules by industry regulator Ofcom.
Read moreRoyal Mail set to axe Sat 2nd class deliveries under Ofcom proposals
30th Jan 2025 08:59
(Sharecast News) - Britain's Royal Mail is set to axe Saturday deliveries and provide an alternate-day service for second class letters, under proposals put forward the regulator Ofcom.
Read moreChristmas parcels help IDS to slight revenue rise in Q3
15th Jan 2025 07:56
(Sharecast News) - International Distribution Services reported a slight rise in revenue during the busy Christmas period as its Royal Mail business handled more international parcels.
Read moreLondon close: Stocks mixed as US PCE inflation holds steady
20th Dec 2024 16:05
(Sharecast News) - London stocks ended the day on a mixed note Friday, as investors weighed weaker-than-expected UK retail sales growth and cooler US price growth than anticipated.
Read moreEP Group IDS takeover clears UK national security law
20th Dec 2024 07:03
(Sharecast News) - The UK government has cleared the £3.6bn sale of Royal Mail parent company International Distribution Services to Czech billionaire Daniel Kretinsky's EP Group.
Read moreLondon close: Stocks weaker ahead of key central bank decisions
16th Dec 2024 15:35
(Sharecast News) - London stocks ended lower on Monday as investors adopted a cautious stance ahead of a week filled with major central bank policy decisions.
Read moreRoyal Mail fined £10.5m for missing delivery targets
13th Dec 2024 09:02
(Sharecast News) - 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.
Read moreCzech billionaire Kretinsky closing in on deal to buy Royal Mail - report
28th Nov 2024 07:57
(Sharecast News) - The sale of Royal Mail to Czech billionaire Daniel Kretinsky's EP Group is reportedly close to being finalised and could be confirmed in the next two weeks.
Read moreIDS returns to profit as Royal Mail losses shrink
21st Nov 2024 07:24
(Sharecast News) - Postal and courier giant International Distribution Services returned to an adjusted operating profit in the first half, as revenues increased across the group and losses at Royal Mail reduced.
Read moreIDS subsidiary GLS to buy 20% stake in Greek courier firm ACS
21st Oct 2024 17:25
(Sharecast News) - International Distribution Services - the parent company of Royal Mail - said on Monday that subsidiary GLS has agreed to buy a 20% stake in Greek courier firm ACS Postal Services from Quest Holdings for €74m (£62m).
Read moreOfcom's Royal Mail review could see Saturday Second Class letters scrapped
5th Sep 2024 09:10
(Sharecast News) - Communications watchdog Ofcom said on Thursday that it will assess whether certain changes to Royal Mail's Second Class letter delivery would meet postal users' needs, ahead of consulting on proposals in early 2025.
Read moreRoyal Mail parent IDS to offload US freight divisions
12th Aug 2024 11:52
(Sharecast News) - 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.
Read moreRoyal Mail parent IDS to offload US freight divisions
12th Aug 2024 11:52
(Sharecast News) - 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.
Read moreEvri planning to add 9,000 jobs under new ownership
29th Jul 2024 12:16
(Sharecast News) - Parcel delivery firm Evri announced plans to hire 9,000 new workers on Monday, in response to surging online shopping demand.
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