Royal Mail parent IDS posts uptick in Q1 revenues, appoints Seidenberg as CEO
20th Jul 2023 10:06
(Sharecast News) - Royal Mail parent International Distribution Services said on Thursday that it was still targeting an adjusted operating profit for the year, as it announced the appointment of Martin Seidenberg as its new chief executive officer.
Read moreUK govt rejects Royal Mail move to axe Saturday deliveries
8th Jun 2023 12:19
(Sharecast News) - The government has blocked Royal Mail's plans to axe Saturday letter deliveries, it was revealed on Thursday, which could see the price of stamps increase even further.
Read moreIDS swings to FY loss after Royal Mail strikes
18th May 2023 07:02
(Sharecast News) - UK postal carrier Royal Mail swung to a massive £1bn annual loss, pushing parent company International Distributions Services into the red after a bruising year-long battle with unions over pay and conditions and a failure to deliver productivity improvements.
Read moreRoyal Mail chief steps down
12th May 2023 13:42
(Sharecast News) - Royal Mail chief executive Simon Thompson has quit after a bitter year-long dispute with the postal workers' union, the company said on Friday.
Read morePostal workers to be balloted as Royal Mail reaches deal with CWU
21st Apr 2023 12:13
(Sharecast News) - A longstanding scuffle between Royal Mail and the Communications Workers Union (CWU) looked set to be coming to an end on Friday, with International Distributions Services announcing that it had reached an agreement with the CWU's Postal Executive Committee.
Read moreIDS rallies as Royal Mail and CWU reach agreement on pay
17th Apr 2023 09:27
(Sharecast News) - International Distribution Services rallied on Monday after Royal Mail and the Communication Workers Union said over the weekend that they had reached an agreement on pay and employment terms.
Read moreTalks between Royal Mail and CWU end without agreement
5th Apr 2023 14:05
(Sharecast News) - Talks between union bosses and Royal Mail have ended without an agreement following 11 months of negotiations.
Read moreRoyal Mail threatens to put postal service into administration
28th Mar 2023 09:40
(Sharecast News) - Royal Mail issued a threat to put its loss-making postal service into administration, it emerged on Tuesday, amid escalating talks with union chiefs.
Read moreMPs refer Royal Mail to Ofcom over neglect of postal obligations
17th Mar 2023 12:31
(Sharecast News) - A group of parliamentarians said on Friday that Royal Mail had neglected its legal responsibility to deliver letters, accusing the company of prioritising package deliveries.
Read moreRoyal Mail's international services restored
21st Feb 2023 11:43
(Sharecast News) - Royal Mail said on Tuesday that its international services have now been restored following a cyber incident last month.
Read morePostal strikes called off after legal challenge
7th Feb 2023 12:07
(Sharecast News) - UK postal workers have called off a strike scheduled for later this month after a legal challenge from Royal Mail, the Communication Workers Union (CWU) said on Tuesday.
Read moreCWU to strike on 16-17 February
2nd Feb 2023 17:01
(Sharecast News) - Postal workers announced that they would strike on 16-17 February due to "unagreed changes" to the structure of work by Royal Mail at offices across the country.
Read moreRoyal Mail resumes international deliveries after cyber hack
26th Jan 2023 12:14
(Sharecast News) - Royal Mail said it had resumed overseas tracked and signed-for services to all destinations for online customers after the cyber attack by ransomware gang Lockbit, which has links to Russia.
Read moreIDS Q3 revenues fall as strike over pay drags on
26th Jan 2023 07:31
(Sharecast News) - Royal Mail owner International Distribution Services (IDS) said third-quarter revenues fell as its dispute with workers over pay dragged on.
Read moreRoyal Mail hit by cyber attack
11th Jan 2023 15:54
(Sharecast News) - Royal Mail said on Wednesday that it has been hit by "severe disruption" following a cyber incident.
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