Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.

Less Ads, More Data, More Tools Register for FREE

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: 317.80
Bid: 319.20
Ask: 319.60
Change: -1.20 (-0.38%)
Spread: 0.40 (0.125%)
Open: 316.20
High: 321.60
Low: 316.20
Prev. Close: 319.00
IDS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UK government to hold Cobra meeting as it faces widespread strikes

Mon, 12th Dec 2022 10:09

(Alliance News) - Plans for military staff and civil servants to cover for striking workers in the coming weeks will be discussed at a Cobra meeting on Monday.

The country is set to be hit by a wave of strikes over the coming weeks as International Distributions Services PLC's Royal Mail staff, nurses, paramedics, rail employees and Border Force officials all stage walkouts over jobs, pay and conditions.

Military personnel and civil servants are being trained in case they are required to be drafted in at ports and airports, as border staff prepare to strike for eight days from December 23 to New Year's Eve.

Armed forces members will also be deployed to hospital trusts across the country to prepare to man vehicles ahead of an ambulance strike scheduled for December 21, with a significant number of military staff now expected to miss Christmas breaks.

The meeting of Cobra, the civil contingencies committee, on Monday will be led by Chancellor of the Duchy of Lancaster Oliver Dowden and attended by transport, health, home office and defence ministers.

Another meeting is scheduled to take place on Wednesday, as the government aims to avoid scenes of widespread disruption.

Dowden urged the unions to call off the "damaging" strikes.

"The stance the unions have taken will cause disruption for millions of hardworking people over the coming weeks.

"The government will do all it can to mitigate the impact of this action, but the only way to stop the disruption completely is for union bosses to get back round the table and call off these damaging strikes."

The government has said it was working with Network Rail and freight companies to prevent delays and to ensure coal, steel and waste are prioritised during the latest set of strikes.

It follows a weekend that saw clashes between the government and trade union officials, with Transport Secretary Mark Harper writing in The Telegraph that some families could face a "virtual Christmas" once again due to rail strikes over the festive season.

On Sunday, the government rejected a last-minute offer from the Royal College of Nursing to "press pause" on strike plans this week if the Health Secretary entered negotiations on pay.

As things stand, thousands of RCN members are due to take part in unprecedented strike action on December 15 and December 20 with the trade union's general secretary warning that the government is playing a "dangerous game".

"The government is looking desperate and appears to be misleading the public," Pat Cullen said. The foreign secretary is completely wrong to say this is a matter for the NHS and not ministers. The government makes the decisions on pay for NHS staff. They must correct the record and start being honest.

"My offer of negotiations has not been accepted today – the government is playing a dangerous game.

Unison's Head of Health Sara Gorton echoed that message.

"The wage rise given to health workers this year simply hasn't been enough to stop staff leaving in droves. Without enough employees in the NHS, patients will go on waiting too long for ambulances and for treatment to start," she said.

"Instead of putting plans in place for the strike days, ministers should be concentrating all their efforts on ending the disputes."

Foreign Secretary James Cleverly ruled out talks on pay between Steve Barclay and nursing unions, as he said that the government had followed independent recommendations on pay.

"Ultimately, independent bodies are there for a reason – it is to take the politics out of this sort of stuff," he said.

But one senior Tory MP called it a "good day for the RCN".

Steve Brine, chair of the Health & Social Care Select Committee, told Channel 4 News: "To use a painful analogy, they've converted the spot kick and it's 1-0 today, because they've really put the ball back in the government's court."

Another MP, former cabinet minister Damien Green, said that some unions appeared to be seeking a "quasi-general strike".

By Dominic McGrath, PA

Press Association: Finance

source: PA

Copyright 2022 Alliance News Ltd. All Rights Reserved.

More News
4 Jun 2024 10:58

Foreign takeovers of UK firms hit four-year low in early 2024

(Alliance News) - British firms saw a sharp decrease in takeover deals by foreign companies in the last quarter, the Office for National Statistics (ONS) said.

Read more
4 Jun 2024 09:41

LONDON BROKER RATINGS: Berenberg ups Future; Deutsche cuts Liontrust

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday:

Read more
29 May 2024 19:51

Royal Mail, GLS need big investments soon, billionaire suitor Kretinsky says

PRAGUE, May 29 (Reuters) - Royal Mail and its sister business GLS need sizable, almost immediate investments to defend market share and face shifting market trends, Czech billionaire Daniel Kretinsky told Reuters on Wednesday after the group's owner agreed to a 3.57 billion pound ($4.55 billion) takeover.

Read more
29 May 2024 19:29

Royal Mail owner agrees to $4.6 bln takeover by Czech billionaire Kretinsky

May 29 (Reuters) - The owner of Britain's Royal Mail has agreed to a 3.57 billion pound ($4.55 billion) takeover by Czech billionaire Daniel Kretinsky, it said on Wednesday, in a take-private deal of one of the world's oldest postal firms.

Read more
29 May 2024 18:04

Royal Mail, GLS need sizable, immediate investments, billionaire suitor Kretinsky says

PRAGUE, May 29 (Reuters) - Royal Mail and GLS need sizable, almost immediate investments to defend market share and face shifting market trends, Czech billionaire Daniel Kretinsky told Reuters on Wednesday after the groups' owner agreed to a 3.57 billion pound ($4.55 billion) takeover.

Read more
29 May 2024 17:16

European shares suffer worst day in over 6 weeks as rate jitters persist

Royal mail owner IDS surges after agreeing to $4.6 bln takeover

*

Read more
29 May 2024 17:08

London stocks fall as rate cut jitters weigh, Anglo rejects BHP

FTSE 100 down 0.9%; FTSE 250 sheds 1.3%

*

Read more
29 May 2024 16:58

LONDON MARKET CLOSE: Stocks fall as US Treasury yields widen

(Alliance News) - Stock prices in Europe declined on Wednesday with markets nervy ahead of US data later this week, and as investors digest hawkish words from a US central banker.

Read more
29 May 2024 12:08

LONDON MARKET MIDDAY: European stocks dip amid interest rate worries

(Alliance News) - Stock prices in Europe were lower at midday on Wednesday, after positive data from the US on Tuesday threw interest rate cuts into question.

Read more
29 May 2024 09:16

TOP NEWS: Royal Mail owner IDS agrees to Daniel Kretinsky-led takeover

(Alliance News) - International Distributions Services PLC on Wednesday agreed to a GBP3.57 billion takeover offer, which the IDS chair said included a "far-reaching package" of binding commitments regarding the courier's future operations in the UK.

Read more
29 May 2024 09:06

LONDON MARKET OPEN: Stocks down; Royal Mail owner IDS agrees takeover

(Alliance News) - Stock prices in London opened lower on Wednesday, with eyes on a bunch of takeovers.

Read more
29 May 2024 07:49

LONDON BRIEFING: IDS agrees to takeover by Daniel Kretinsky-led group

(Alliance News) - Stocks in London are called to open lower on Wednesday, as Asia heads down and after a mixed performance on Wall Street.

Read more
29 May 2024 07:02

Czech's in the post as Kretinsky strikes £5.3bn deal for Royal Mail

(Sharecast News) - Royal Mail owner International Distribution Services on Wednesday said it had reached agreement with Czech billionaire Daniel Kretinsky on a takeover worth up to £5.3bn for the 500-year-old company.

Read more
24 May 2024 19:04

TOP NEWS: IDS says Royal Mail on the right trajectory as loss narrows

(Alliance News) - Royal Mail owner International Distribution Services PLC on Friday said "positive momentum is building" as it reported an improvement in its financial fortunes.

Read more
23 May 2024 14:22

IN BRIEF: Royal Mail owner IDS results delayed as KPMG needs more time

International Distributions Services PLC - London-based Royal Mail owner - Confirms delay to publication of results for the financial year ended March 31, which it had aimed to release on Thursday. Explains its auditor KPMG requested additional time to complete the usual standard procedures, noting that their internal reviews were late in the audit timetable. Further, IDS confirms it expects its adjusted operating profit excluding voluntary redundancy costs for the financial year to be broadly in line with its previously published guidance.

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.