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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, [ 3 ] but sold its remaining shares in 2015. [ 4 ]
The Royal Mail strikes ended in July 2023 after workers agreed to a three-year pay deal. Seventy-six per cent of union members voted in favour of the agreement, [ 41 ] which included a ten per cent salary increase and a one-off lump sum of five-hundred pounds, in a ballot with a sixty-seven per cent turnout.
The group reported an 8% rise in underlying operating profits to £758 million for the year to the end of March.
— Royal Mail Help (@RoyalMailHelp) January 12, 2023 The attack is suspected to have come from a Russian-linked ransomware gang called Lockbit, the Telegraph first reported.
In the United States in November 2012, the purchase price was $2.20 [6] USD; however, the US Postal Service discontinued sales of IRCs on 27 January 2013 due to declining demand. [7] Britain's Royal Mail also stopped selling IRCs on 31 December 2011, citing minimal sales and claiming that the average post office sold less than one IRC per year.
Royal Mail said last month that the cyber incident meant that post offices were unable to handle international mail or parcels at its 11,500 branches.
Royal Mail in the United Kingdom discontinued the aerogram in 2012 [citation needed]. Japan Post Holdings announced its aerogram service would end on 30 September 2023. [ 9 ] As of July 2024 [update] , they were still provided by Australia Post and Hongkong Post .
Formally, exchange-rate pass-through is the elasticity of local-currency import prices with respect to the local-currency price of foreign currency. It is often measured as the percentage change, in the local currency, of import prices resulting from a one percent change in the exchange rate between the exporting and importing countries. [1]