Royal Mail owner's outlook suggests "deterioration" of postal service
Chief Executive Martin Seidenberg faces mounting pressure to turn the once national postal service around
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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FIVE at FIVE: British Land lifts guidance; BAE backs outlook; FTSE 100 up; Royal Mail versus Whistl; Dr Martens plummets
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Royal Mail facing gargantuan legal claim from Whistl
International Distributions Services-owned courier also cops Ofcom fines
Royal Mail fined £5.6m for late deliveries
"Clearly, the pandemic had a significant impact on Royal Mail's operations in previous years"
Royal Mail worth more than zero says UBS as it ups targets on owner
"Royal Mail might be one of the few self-help stories left in the European transport sector"
Builders and building materials
Royal Mail owner shares in trouble if economy tanks, reckons UBS
Anglo American, Antofagasta and housebuilder Persimmon are also vulnerable in a worst-case scenario, adds the Swiss bank
Royal Mail thrown a bone as Ofcom reviews Saturday deliveries
“We therefore believe that now is a good time to consider the longer-term future of the universal service"