Royal Mail strike spreads disruption to couriers Evri and DPD
DPD and Evri have blamed Royal Mail worker strikes for disruption to their own services
Company
International Distribution Services PLC
LON:IDS
Royal Mail parent company International Distribution Services PLC is the sole provider of the universal postal service in the UK, delivering a six-days-a-week to more than 29 million addresses across the UK. It changed its name in 2022 to distinguish its UK arm from its Amsterdam-based international parcels business, GLS. It changed its name to International Distributions Services PLC in October 2022 and removed an 's' in a slight change to International Distribution Services PLC in May 2024
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Evri under fire again as Royal Mail strikes pile pressure on rival couriers
Complaints include packages stuck at depots, delays with no follow-up information and paid-for next-day deliveries not arriving.
Scotland agrees deal to avert Christmas rail strikes, begins talks with nurses
Scotland looks to have avoided strikes, as nurses and rail workers confirm December industrial action across UK
Royal Mail, teachers and university staff walkouts mark big day of industrial unrest
Thursday marked a busy day worth of strikes, with Royal Mail workers and university staff among those staging walkouts
Royal Mail owner International Distributions Services "still a sell", says broker
"With or without a deal, we remain sceptical about management’s ability to successfully execute restructuring and reap the associated benefits," said the City analyst
Evri ranked worst parcel performer for second year running as Royal Mail tops poll
Not a single company is offering 4 or 5-star service in any category said the report from Citizens Advice
Royal Mail service reduction plea rejected by government despite ‘financial ruin’ warning
Royal Mail previously requested to stop delivering post on Saturdays amid financial worries
Royal Mail workers target Christmas with new wave of strikes
Royal Mail workers have targeted Christmas with six more days of action planned for December
Royal Mail owner IDS now in cash preservation mode as losses mount, according to Barclays
“No interim dividend to be paid, and while management has said it will look at the potential to pay a final dividend funded by GLS, we believe this is unlikely given the group’s challenging near term earnings prospects”
Royal Mail union reveals 'progress' in pay talks but deep divisions remain
A spokesman for the company said "time is tight" but the union said senior bosses "have been treating employees, union representatives or future investors with a lack of integrity and transparency"
IDS repeats warning that business could be split in two as losses mount at Royal Mail
The news came as the FTSE 250-listed company swung sharply into the red at the half-way stage hit by weak parcel volumes, an inability to deliver productivity improvements and impacts from industrial action
Archive
FTSE 100 finishes flat after Chancellor provides bleak outlook in autumn statement
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IDS results posted and Burberry to reveal strategy update, Thursday's Agenda
The much anticipated Autumn Statement will see some huge decisions made for Mr Hunt
Royal Mail owner IDS to confirm losses as union talks continue
The reality of the losses "may well be worse" than the company warned last month, said one analyst