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ROYMY / Royal Mail owner, IDS, swings into red as strike action eats into profits

Royal Mail owner, IDS, swings into red as strike action eats into profits
International Distributions Services PLC (LSE:IDS) swung into the red as strike action at Royal Mail saw reported losses at its postal delivery arm top £1bn prompting the firm to write down the value of this division. On a reported basis the FTSE250-listed firm posted revenue in the year to March 31 of £12.04bn, down 5.3% from £12.71bn a year prior alongside an operating loss of £748mln compared to a profit of £577mln before. Read More
Posted: May 18 2023, 02:36
Author Name: Proactive Investors
Views: 110543

ROYMY News  

Royal Mail share price could still rise by a fifth: Citigroup analysts

By Proactive Investors
November 2, 2023

Royal Mail share price could still rise by a fifth: Citigroup analysts

Citigroup Inc (NYSE:C) analysts have reiterated their buy recommendation for shares in Royal Mail, which officially changed its trading name and tick more_horizontal

IDS share price: Royal Mail has formed a dangerous chart pattern

By Invezz
October 20, 2023

IDS share price: Royal Mail has formed a dangerous chart pattern

The IDS (LON: IDS) share price has pulled back in the past few weeks as the recent momentum fades. Shares of the company, which also owns Royal Mail, more_horizontal

Royal Mail partners with Nespresso to recycle coffee pods

By Proactive Investors
October 16, 2023

Royal Mail partners with Nespresso to recycle coffee pods

International Distributions Services PLC (LSE:IDS)'s Royal Mail had partnered with Nespresso as part of a plan to boost recycling of used coffee pods more_horizontal

Royal Mail hikes stamp prices

By Proactive Investors
October 2, 2023

Royal Mail hikes stamp prices

Stamps are increasing in price in the UK, again with the cost of the first-class version rising to £1.25 from £1.10 - the third increase in 18 month more_horizontal

Royal Mail worth more than zero says UBS as it ups targets

By Proactive Investors
September 27, 2023

Royal Mail worth more than zero says UBS as it ups targets

International Distribution Services has received a share price target upgrade from UBS, which states that valuing its UK postal arm Royal Mail at zero more_horizontal

Ofcom delivers initial conclusion on Royal Mail dispute with Whistl

By Proactive Investors
September 19, 2023

Ofcom delivers initial conclusion on Royal Mail dispute with Whistl

Ofcom has proposed a solution to the wrangle between Royal Mail and logistics company Whistl. The telecoms regulator was asked to intervene in the dis more_horizontal

Royal Mail thrown a bone as Ofcom reviews Saturday deliveries

By Proactive Investors
September 5, 2023

Royal Mail thrown a bone as Ofcom reviews Saturday deliveries

Royal Mail might soon get the go-ahead to drop Saturday letter deliveries after regulator Ofcom confirmed it was starting a review of the Universal more_horizontal

Royal Mail loses out as Post Office goes online with DPD

By Proactive Investors
September 1, 2023

Royal Mail loses out as Post Office goes online with DPD

Royal Mail has lost another sizeable deal, with the Post Office choosing instead to go with French company DPD to set up an online parcel delivery s more_horizontal


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