All the updated news related to international distributions services

All the news related to international distributions services updated in real time

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City

Royal Mail group faces ‘no further action’ over potential security probe

Royal Mail’s parent firm has said it faces no further action months after ministers said they would launch a national security probe into the company. International Distributions Services (IDS), which was renamed from Royal Mail Group earlier this ...

31 Oct 2022 at 10:02

City

Royal Mail to axe around 6,000 jobs amid fresh strikes

Royal Mail will consult on up to 6,000 redundancies as the delivery giant blamed industrial action for mammoth financial losses. Bosses urged union chiefs to call off their latest strike action and come to the table over a deal but stressed the ...

14 Oct 2022 at 10:47

City

Royal Mail delays annual financial results as takeover bid looms

The owner of Royal Mail has indefinitely delayed the release of its annual trading update, originally scheduled for early Thursday morning, as the group heads towards a potential overseas takeover. London-listed International Distribution ...

23 May 2024 at 14:40

City

Royal Mail owner fails to publish financial results amid impending takeover bid

The owner of Royal Mail has failed to publish its annual trading update, scheduled for early Thursday morning, as the group heads towards a potential overseas takeover. London-listed International Distribution Services told markets it ...

23 May 2024 at 12:05

City

Ofcom investigates Royal Mail after it misses delivery targets

Regulators have launched an investigation into Royal Mail after it delivered less than three quarters of first class post on time in the last year. In its yearly financial results on Friday, Royal Mail’s parent company, International ...

24 May 2024 at 18:34

City

Royal Mail fined £5.6m for ‘significant’ delivery target failures

Royal Mail has been fined £5.6 million by regulator Ofcom for a “significant” failure to meet its postal delivery targets in the past financial year. Ofcom imposed the penalty following an investigation launched in May after Royal ...

13 Nov 2023 at 12:18

City

Royal Mail owner chooses new boss from Dutch subsidiary

The company behind Royal Mail has appointed its next boss from its rapidly growing Dutch subsidiary following a bruising time for the logistics giant. International Distributions Services (IDS) said that Martin Seidenberg will ...

20 Jul 2023 at 08:44

Royal Mail asks Government to cut Saturday letter service under overhaul

City

Royal Mail asks Government to cut letter service to five days under overhaul

Royal Mail has asked the Government for an early move to cut its letter service to five days a week as it unveiled hefty losses after a hit from crippling strike action. Boss Simon Thompson vowed to do “whatever it takes” to ...

17 Nov 2022 at 11:38

City

Two Royal Mail bosses to leave after agreement with union

Two top executives at Royal Mail who were close to the company’s recent long-running dispute with its unions are going to leave in the New Year. In an email to employees, the boss of parent company International ...

11 Dec 2023 at 13:03

City

Royal Mail owner rejects bid approach from Czech billionaire

Royal Mail owner International Distribution Services has seen shares soar higher after it was revealed the group rejected a takeover approach from shareholder and Czech billionaire Daniel Kretinsky. Mr ...

17 Apr 2024 at 18:47

City

Royal Mail slumps to loss of more than £1bn after year of strikes

Royal Mail has blamed strike action for helping send it slumping to a full-year loss of more than £1 billion. The group’s owner, International Distributions Services (IDS), revealed Royal Mail swung ...

18 May 2023 at 21:59

City

Who is Daniel Kretinsky, the Czech billionaire trying to buy Royal Mail?

The board of Royal Mail’s parent company has accepted a £3.57 billion offer to buy the group from Czech billionaire Daniel Kretinsky. If the deal goes through, it would see the organisation become ...

29 May 2024 at 12:33

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