International Distribution Services PLC - ADR (ROYMY)
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Royal Mail fined £21m for missing letter delivery targets
Royal Mail has been hit with a £21 million fine after again failing to meet its annual delivery standards, with regulator Ofcom saying millions of letters across the UK arrived late. The watchdog found that in the 2024–25 financial year, the postal operator delivered just 77% of first-class mail on time, below its 93% target, and 92.5% of second-class post, short of the 98.5% requirement.
Royal Mail back in the black as IDS plans slow rollout of second-class changes
Royal Mail has reported its first annual profit in three years, marking a turnaround since its £3.6 billion takeover by Czech billionaire Daniel Křetínský's EP Group. Parent company International Distribution Services (IDS) said the postal operator made a £194 million pre-tax profit in the year to March, compared with a £143 million loss the year before, helped by rising parcel volumes and tighter cost control.
Royal Mail approved to cut second-class deliveries to two days a week
Royal Mail has won regulatory approval to reduce second-class letter deliveries to just two days a week from July 28, cutting Saturday services as part of a cost-saving shake-up. This move, part of Ofcom's reforms, aims to help Royal Mail save up to £425 million annually by easing delivery obligations, while maintaining a three-working-day target for second-class mail.
Billionaire Kretinsky secures regulatory approval for Royal Mail takeover bid
Czech billionaire Daniel Kretinsky's takeover of Royal Mail-owner International Distribution Services has cleared all regulatory conditions, his company EP Group said on Thursday.
Billionaire Kretinsky's Royal Mail takeover bid delayed
The completion of EP Group's takeover of Royal Mail-owner International Distribution Services is likely to be delayed to the second quarter of 2025 due to regulatory issues in Romania, the company said on Wednesday.
Royal Mail allowed to scale back second-class deliveries
Royal Mail is to be allowed to scale back second-class letter deliveries under a shake-up by regulator Ofcom. Ofcom on Thursday proposed cutting delivery of such post to alternate weekdays and removing Saturday rounds.
Royal Mail 'fake delivery' allegations spark investigation calls
Royal Mail is being called on to investigate reports that some managers are 'faking deliveries' to meet bonus targets. A report in the Telegraph suggested workers have been told by some managers to class parcels as “inaccessible”, even if no attempt at delivery was made.
Royal Mail to scrap Saturday second-class post in trial
Royal Mail has unveiled plans to trial ditching second-class letter deliveries on Saturday which could pave the way for the service to be fully axed. Almost one million households across the UK will no longer receive second-class post on Saturdays under the trial, which is expected to begin in February.
Royal Mail ‘golden share' agreement with government sparks broker surprise
Royal Mail owner International Distributions Services plc saw its share rating upgraded to hold from sell by broker Panmure Liberum, following reports that the UK government is set to approve EP Group's takeover of the company. The target price was raised to 368p from 200p, aligning with the offer price.
Royal Mail takeover clears first major hurdle with string of commitments
Daniel Kretinsky's bid for Royal Mail passed a major milestone on Monday with the government's approval, albeit reliant on a string of commitments, for the £3.6 billion deal. Having faced a review under national security laws, the green light for the deal marked a key step for Kretinsky's EP Group in bringing International Distribution Services PLC's Royal Mail under foreign ownership for the first time in its 500-year history.
Daniel Kretinsky's EP Group agrees to terms with UK govt over Royal mail deal
Czech billionaire Daniel Kretinsky's EP Group said on Monday it had agreed to certain terms with the UK government, which are conditional upon the completion of its takeover of Royal Mail owner International Distribution Services (IDS).
UK approves Daniel Kretinsky's $6.7 bln bid for Royal Mail owner, FT reports
The British government has approved the sale of Royal Mail to Czech billionaire Daniel Kretinsky, the Financial Times reported on Monday.
