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Royal Mail hit by cyber attack

Wed, 11th Jan 2023 15:54

(Sharecast News) - Royal Mail said on Wednesday that it has been hit by "severe disruption" following a cyber incident.

In a statement on its website, the company said: "Royal Mail is experiencing severe service disruption to our international export services following a cyber incident.

"We are temporarily unable to despatch items to overseas destinations. We strongly recommend that you temporarily hold any export mail items while we work to resolve the issue. Items that have already been despatched may be subject to delays. We would like to sincerely apologise to impacted customers for any disruption this incident is causing."

Royal Mail said its import operations continue to perform a full service, with some minor delays.

It added that it was "working around the clock" to resolve this issues.

"We immediately launched an investigation into the incident and we are working with external experts. We have reported the incident to our regulators and the relevant security authorities," it said.

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8 Jun 2023 12:19

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24 May 2023 14:13

Ballot on Royal Mail agreement suspended by workers union

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18 May 2023 11:22

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.

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18 May 2023 08:59

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.

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18 May 2023 08:08

CORRECT: Royal Mail parent suffers loss; Burberry sees growth

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

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18 May 2023 07:55

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.

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18 May 2023 07:02

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.

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15 May 2023 14:43

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.

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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.

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12 May 2023 13:42

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.

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