Royal Mail boss pay soars to £7m despite profit slip Transport & Infrastructure The boss of Royal Mail’s owner has seen his pay packet almost triple to £7m in the same year that profit at the firm fell by almost a fifth. Martin Seidenberg, chief executive of International Distribution Services (IDS), saw his total pay packet jump from £2.1m last year to £6.9m in the year to March. [...]
Royal Mail owner set to return to profit in first figures since £3.6bn takeover Business The owner of Royal Mail is expected to show a return to annual earnings on Monday in the firm’s first set of results since the completion of its £3.6bn takeover by Czech billionaire Daniel Kretinsky. International Distribution Services (IDS) will post figures for the 12 months to 31 March after a milestone year for the [...]
Royal Mail IDS owner to return to profit as Kretinsky takes reins Business The owner of Royal Mail is set to return to profit just as its long drawn out sale to Daniel Kretinsky nears completion thanks to a welcome uplift in the number of parcels it delivered over Christmas. International Distribution Services (IDS) said Royal Mail’s “successful Christmas period” saw it process 188m tracked parcels, a 19 [...]
No ‘free pass’ for Royal Mail as Ofcom review gets underway September 5, 2024 Communications watchdog Ofcom is considering reforms to the UK’s embattled postal service, with changes to second class letter delivery proposed in order to help turn Royal Mail around. It follows the launch of a “national debate” earlier this year on how to ensure the postal service remains affordable, efficient and sustainable amid declining letter volumes [...]
Here’s what the Czech Sphinx is planning for Royal Mail July 18, 2024 EP Group will offer a legally binding guarantee that there will be no change in control of GLS or Royal Mail for three years following the acquisition.
Royal Mail: Postal votes boost revenue at IDS as ‘Czech Sphinx’ Kretinsky commits to six-day service July 18, 2024 The owner of Royal Mail has pointed to record levels of postal votes and campaigning literature as being the forces behind sizeable increases in volumes and revenue, as its bidder re-committed to the universal service obligation for at least five years.
Czech Sphinx plots £800m Royal Mail investment to topple Amazon in UK parcel war July 14, 2024 Kretinsky’s Royal Mail takeover has ignited a national security investigation with critics wary of a historic British institution falling into foreign hands.
Royal Mail: Has privatisation delivered success for crown jewel as £3.5bn takeover looms? June 2, 2024 A decade after it was privatised, Royal Mail is poised for another major shake up - but how has it fared since its last sale?
The City’s betting the Royal Mail bid gets lost in the post. But will it? May 29, 2024 While it is true the Royal Mail deal may face some regulatory resistance, the alternative situation may be worse for the next government.
Royal Mail owner finally delivers annual results… and news of an Ofcom probe May 24, 2024 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.