International Distributions Services Share News (IDS)

International Distributions Services falls to loss on Royal Mail woes

(Alliance News) - International Distributions Services PLC on Thursday reported a swing to loss for financial 2023 mainly due a revenue decline in its Royal Mail segment in the UK.

LONDON MARKET OPEN: BT shares fall as announces 55,000 jobs to be cut

(Alliance News) - European equities made headway at Thursday's open, though the FTSE 100 underperformed due to share price falls for BT and Burberry.

CORRECT: Royal Mail parent suffers loss; Burberry sees growth

(Correcting spelling of name of new De La Rue chair.)

LONDON BRIEFING: Royal Mail parent suffers loss; Burberry sees growth

(Alliance News) - Stocks in London were called higher on Thursday, as global markets switched to risk-on, following signs of progress on US debt negotiations.

IDS swings to FY loss after Royal Mail strikes

(Sharecast News) - UK postal carrier Royal Mail swung to a massive £1bn annual loss, pushing parent company International Distributions Services into the red after a bruising year-long battle with unions over pay and conditions and a failure to deliver productivity improvements.

IDS unit Royal Mail faces UK probe after missing delivery targets

(Alliance News) - Regulator Ofcom said it has launched an investigation into International Distributions Services PLC unit Royal Mail's failure to meet its delivery targets in the past year – and could hand out a fine.

LONDON MARKET CLOSE: Sterling slides after weak UK GDP print

(Alliance News) - Stocks in London ended the week broadly higher on Friday, with strong performances from blue-chips Beazley and GSK helping to offset weak economic growth data for the UK economy.

Royal Mail chief steps down

(Sharecast News) - Royal Mail chief executive Simon Thompson has quit after a bitter year-long dispute with the postal workers' union, the company said on Friday.

TOP NEWS: IDS unit Royal Mail says CEO Thompson to resign in October

(Alliance News) - International Distributions Services PLC on Friday said that Royal Mail Chief Executive Officer Simon Thompson has notified the company that he will step down from his role at the end of October.

UK earnings, trading statements calendar - next 7 days

PRESS: Royal Mail CEO to depart after delivery failures - Sky News

(Alliance News) - The boss of Royal Mail is set to leave his post after lawmakers criticised the former state-monopoly's performance, which has been hit by mass strikes, Sky News reported Tuesday.

International Distribution says Royal Mail agrees deal with union

(Alliance News) - International Distribution Services PLC said on Friday that an agreement had been reached between Royal Mail and the Communication Workers Union, which it said "represents a good outcome for customers, employees and shareholders."

Postal workers to be balloted as Royal Mail reaches deal with CWU

(Sharecast News) - A longstanding scuffle between Royal Mail and the Communications Workers Union (CWU) looked set to be coming to an end on Friday, with International Distributions Services announcing that it had reached an agreement with the CWU's Postal Executive Committee.

LONDON MARKET CLOSE: FTSE 250 shines but large-caps tepid on Fed bets

(Alliance News) - The FTSE 100 closed off sessions highs after listless afternoon trading on Monday, though the FTSE 250 was given some impetus from M&A moves.

LONDON MARKET MIDDAY: Stocks green amid takeover activity; pound soft

(Alliance News) - Stock prices in London were higher at midday on Monday as news of possible takeovers of FTSE 250 constituents gave a boost to investor sentiment.