Speakers from Pulsar Helium and Eurasia Mining are presenting and taking Q&A at focusIR's Investor Webinar next week. Register here.

Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Don't want ads? Click here
Sponsored Content
Don't want ads? Click here

Pin to quick picksInternational Distributions Services Share News (IDS)

Share Price Information for International Distributions Services (IDS)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 359.20
Bid: 359.20
Ask: 359.40
Change: 0.00 (0.00%)
Spread: 0.20 (0.056%)
Open: 359.40
High: 359.80
Low: 359.00
Prev. Close: 359.20
IDS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Timelines are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Postal strikes called off after legal challenge

Tue, 07th Feb 2023 12:07

(Sharecast News) - UK postal workers have called off a strike scheduled for later this month after a legal challenge from Royal Mail, the Communication Workers Union (CWU) said on Tuesday.

Around 115,000 workers had planned to walk out for 24 hours from 12:30 GMT on February 16 in the long-running dispute over pay and conditions. However, a court challenge meant the CWU had decided not to purse the matter legally and instead focus on a new ballot of its members.

Royal Mail said it legally challenged the strike on technical grounds around reasons for the industrial action.

The CWU said its legal team had advised that "given the laws in this country are heavily weighted against working people", there was a risk that losing in court against Royal Mail's challenge could impact a new strike ballot.

"The postal executive do not believe it is worth risking the status of the new ballot to defend a ballot mandate that expires on 17 February," it said.

The union said it would restart talks with Royal Mail later this week, but warned if they failed it would "significantly step up the programme of strike action".

Royal Mail workers have staged several strikes, which the company claims have cost it millions in lost revenue. It has threatened job cuts unless the matter is resolved.

Workers have been offered a pay deal which Royal Mail says is worth up to 9% over 18 months, but the CWU says its members want more due to inflation hitting almost 10%. It also objects to proposed changes to working conditions, including the introduction of compulsory Sunday working.

Reporting by Frank Prenesti for Sharecast.com

More News
7 May 2025 14:36

UK dividends calendar - next 7 days

Read more
9 Apr 2025 12:28

IDS says Royal Mail concerned over proposed Ofcom changes

(Alliance News) - International Distribution Services PLC on Wednesday reported concerns by Royal Mail that Ofcom's proposed reforms will "add significant cost" to the universal service.

Read more
30 Jan 2025 08:59

Royal Mail set to axe Sat 2nd class deliveries under Ofcom proposals

(Sharecast News) - Britain's Royal Mail is set to axe Saturday deliveries and provide an alternate-day service for second class letters, under proposals put forward the regulator Ofcom.

Read more
30 Jan 2025 08:55

UK Ofcom proposes 2nd class letters delivery on alternate week days

(Alliance News) - Royal Mail is set to be allowed to ditch Saturday deliveries for second class letters under plans being put forward by Ofcom that will also see wider postal delivery targets cut in the UK.

Read more
15 Jan 2025 10:27

UPDATE: IDS revenue increases as Royal Mail provides Christmas boost

(Alliance News) - International Distribution Services PLC on Wednesday said it expects Royal Mail to return to profitability this financial year as its takeover deal presses ahead following key regulatory clearances.

Read more
15 Jan 2025 10:10

IDS quarterly revenue increases as Royal Mail provides Christmas boost

(Alliance News) - International Distribution Services PLC on Wednesday said it expects Royal Mail to return to profitability this financial year as its takeover deal presses ahead.

Read more
15 Jan 2025 07:56

Christmas parcels help IDS to slight revenue rise in Q3

(Sharecast News) - International Distribution Services reported a slight rise in revenue during the busy Christmas period as its Royal Mail business handled more international parcels.

Read more
20 Dec 2024 16:05

London close: Stocks mixed as US PCE inflation holds steady

(Sharecast News) - London stocks ended the day on a mixed note Friday, as investors weighed weaker-than-expected UK retail sales growth and cooler US price growth than anticipated.

Read more
20 Dec 2024 10:44

IN BRIEF: EP takeover of Royal Mail parent gets UK security clearance

International Distribution Services PLC - London-based post and parcels delivery firm that owns Royal Mail - Acquisition by Daniel Kretinsky's EP Group AS gets UK security clearance. The UK government on Monday confirmed it had cleared the way for the 500-year-old postal service to pass into foreign ownership for the first time, having secured legally-binding commitments from Kretinsky to maintain a universal service. However the GBP5.3 billion deal still was conditional on separate clearance under the UK National Security & Investment Act 2021. This was confirmed by the chancellor of the Duchy of Lancaster, who is Pat McFadden. Some regulatory conditions remain to be satisfied, but EP says on Friday it expects the IDS takeover offer to be declared unconditional in the first quarter of 2025.

Read more
20 Dec 2024 07:03

EP Group IDS takeover clears UK national security law

(Sharecast News) - The UK government has cleared the £3.6bn sale of Royal Mail parent company International Distribution Services to Czech billionaire Daniel Kretinsky's EP Group.

Read more
16 Dec 2024 15:35

London close: Stocks weaker ahead of key central bank decisions

(Sharecast News) - London stocks ended lower on Monday as investors adopted a cautious stance ahead of a week filled with major central bank policy decisions.

Read more
16 Dec 2024 12:04

LONDON MARKET MIDDAY: Stocks red as UK consumer confidence erodes

(Alliance News) - Stock prices in London were down at midday on Monday, while in corporate news Videndum shares fell after its trading update disappointed.

Read more
16 Dec 2024 10:03

UPDATE: UK government confirms Royal Mail sale to EP Group is cleared

(Alliance News) - Royal Mail's sale to Czech billionaire Daniel Kretinsky has been cleared by the UK government, paving the way for the more than 500-year-old postal service to pass into foreign ownership for the first time, PA reports.

Read more
16 Dec 2024 09:17

Royal Mail takeover by Daniel Kretinsky cleared by UK government

(Alliance News) - Royal Mail's takeover by a Czech billionaire has been given the green light by the UK government, allowing the postal service to pass into foreign ownership for the first time.

Read more
13 Dec 2024 09:02

Royal Mail fined £10.5m for missing delivery targets

(Sharecast News) - Royal Mail has been fined £10.5m by the communications regulator Ofcom for failing to meet delivery targets for first and second-class mail in the 2023-2024 financial year.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.