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Long-suffering Royal Mail (RMG) investors were dealt another blow after a trading update knocked the shares down nearly 10% to a record low, continuing a bad run for the UK’s postal operator.
International Distribution Services plc (formerly Royal Mail Limited, Royal Mail plc and International Distributions Services plc) is a British company providing postal and courier services. The UK government initially retained a 30% stake in the company, [ 4 ] but sold its remaining shares in 2015. [ 5 ]
The CWU announced a second ballot on 20 July 2022 over Royal Mail's proposed job restructuring. [23] Royal Mail said it would consider splitting its postal business from its more profitable international logistics operations if unions would not accept the restructuring plan, noting that it was losing up to £1 million per day.
Authorities confirmed Monday that the 3.6 billion-pound ($4.6 billion) takeover of Royal Mail's owner, International Distribution Services, by billionaire Daniel Kretinsky's EP Group, can go ahead.
Royal Mail Group Limited, trading as Royal Mail, is a British postal service and courier company. It is owned by International Distribution Services . It operates the brands Royal Mail (letters and parcels) and Parcelforce Worldwide (parcels).
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Thompson was a non-executive director of Royal Mail until May, 2023 when he resigned from the role following industrial action that took place in response to a cost-cutting and restructuring plan. [ 3 ] During the Covid-19 pandemic, he was managing director of the Test and Trace App, a key element of the U.K. government's widely-criticized £37 ...