IDS makes submission on future of Universal Service
3rd Apr 2024 10:07
(Sharecast News) - International Distributions Services proposed an end to daily Second Class deliveries by Royal Mail on Wednesday, in its submission to Ofcom on the future of the Universal Service, in a bid to save up to £300m per year.
Read moreRoyal Mail appoints Heathrow executive as new CEO
2nd Apr 2024 15:47
(Sharecast News) - Royal Mail has appointed a senior executive from Heathrow to become its next boss as parent company International Distribution Services looks to turn its fortunes around.
Read moreLondon close: Stocks rise on positive news from China
24th Jan 2024 16:31
(Sharecast News) - London markets finished with a positive performance on Wednesday, driven by gains in the mining sector following China's announcement of an upcoming reduction in the reserve requirement ratio for banks.
Read moreRoyal Mail could cut deliveries to three per week - Ofcom
24th Jan 2024 10:01
(Sharecast News) - Ofcom has called for an overhaul of the UK's postal service, including potentially cutting deliveries to just three days a week.
Read moreLondon close: Stocks slip as focus shifts to US earnings
23rd Jan 2024 17:46
(Sharecast News) - London's stock markets experienced a downturn on Tuesday, despite the release of favourable UK borrowing figures as investors turned their focus to earnings from prominent US companies on Wall Street.
Read moreIDS on track to meet FY guidance following strong Christmas performance
18th Jan 2024 08:36
(Sharecast News) - Logistics group International Distributions Services said on Thursday that it had seen a "marked improvement" in Royal Mail's Christmas performance, putting the group on track to meet full-year guidance.
Read moreSunday share tips: Top picks to consider for 2024
31st Dec 2023 10:21
(Sharecast News) - The Sunday Times and Mail on Sunday have offered their top investment tips for 2024, which includes stocks from a variety of sectors such cruises and market research to metals and real estate.
Read moreRoyal Mail parents IDS mulling potential €500m Packeta bid - report
13th Dec 2023 07:22
(Sharecast News) - The owner of the Royal Mail is considering a potential bid for Czech parcels giant Packeta worth up to €500m, it was reported on Wednesday.
Read moreLondon close: Stocks slip as investors digest US inflation
12th Dec 2023 16:00
(Sharecast News) - London's markets finished in the red on Tuesday, as investors digested a slight decrease in consumer inflation in the US, while the UK's unemployment figures remained stable.
Read moreRoyal Mail parent IDS surges on BofA Merrill Lynch upgrade
12th Dec 2023 15:55
(Sharecast News) - Royal Mail parent International Distribution Services surged on Tuesday after Bank of America Merrill Lynch upgraded the shares to 'buy' from 'neutral'.
Read moreRoyal Mail strikes new partnership with TikTok
21st Nov 2023 10:18
(Sharecast News) - Logistics firm Royal Mail has inked a new partnership with social media giant TikTok to help merchants of all sizes improve their delivery experience.
Read moreRoyal Mail parent IDS sees first-half losses jump
16th Nov 2023 10:45
(Sharecast News) - International Distributions Services, the holding company of Royal Mail and GLS, saw losses more than double in the first half as lower parcel volumes and a pay settlement with workers dented the bottom line.
Read moreLondon close: Stocks firmer ahead of key inflation readings
13th Nov 2023 14:33
(Sharecast News) - London markets closed in a resilient state on Monday, maintaining positive momentum from the end of last week after solid gains on Wall Street on Friday.
Read moreRoyal Mail fined £5.6m by Ofcom for missing delivery targets
13th Nov 2023 09:05
(Sharecast News) - Ofcom has fined Royal Mail £5.6m for missing postal delivery targets in the last financial year "by a significant and unexplained margin".
Read moreOfcom to review Royal Mail's universal service obligations
5th Sep 2023 11:38
(Sharecast News) - UK communications regulator Ofcom announced plans to review the nation's universal postal service on Tuesday, as a result of the changing needs and habits of postal users.
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