Royal Mail

UK approves Daniel Kretinsky’s £5.3 billion bid for Royal Mail parent, FT reports

THE British government has approved Czech billionaire Daniel Kretinsky’s £5.3 billion (S$9 billion) takeover of Royal Mail owner International Distribution Services, the Financial Times reported on Mo...

Royal Mail has been trying to transform itself into a parcel-led business as letter volumes declined sharply over the years.

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

Any takeover bid for Royal Mail would be subject to “normal” national security scrutiny, but it would not be opposed in principle, says Finance Minister Jeremy Hunt

Some 76 per cent Royal Mail works vote in favour of the pay agreement.

UK postal workers vote to accept Royal Mail pay deal

BRITISH postal workers voted overwhelmingly in favour of a pay deal with employer Royal Mail, their union said on Tuesday (Jul 11), ending a long dispute that has cost the company hundreds of millions...

International Distributions Services, which owns the UK postal service, said industrial action, a weak online retail market and severance costs from redundancies had hit performance.

Royal Mail plunges to £1 billion loss after fight with union

Royal Mail reported an operating loss of £1 billion (S$1.7 billion) after the beleaguered delivery service endured a long dispute with a trade union. 

Simon Thompson draws heavy criticism from the CWU and its postal workers over his handling of the pay dispute, which is causing financial distress and major disruptions to mail deliveries.

UK’s Royal Mail CEO Thompson to step down after union clash

ROYAL Mail’s CEO Simon Thompson plans to step down later this year, saying it was the “right time” for the company to move forward under new leadership, as the British postal group tries to draw a lin...

The new King Charles III 1st class stamp.

UK’s Royal Mail unveils first King Charles stamps

BRITAIN’S Royal Mail on Wednesday unveiled the first postage stamps to feature the image of King Charles III, following his ascension to the throne last September.

Royal Mail will be resuming its International Tracked and Signed, and International Signed services to all destinations for business account customers and customers buying postage online from Jan 26.

Royal mail resumes more services after cyber incident

BRITISH postal firm Royal Mail is restarting some of its international export services, the company said on Thursday (Jan 26), two weeks after its operations were disrupted by what it called a “cyber ...

Royal Mail said it had asked customers to stop sending international mail until the problem is resolved, and warned that items already shipped “may experience delay or disruption.”

Royal Mail hit by cyber-incident

BRITISH postal group Royal Mail said Wednesday that it was suffering “severe disruption” to its international letter and parcel services following a “cyber incident”.

Royal Mail will make Sunday working optional and offer “more generous” voluntary redundancy terms and no compulsory layoffs until the end of March.

UK's Royal Mail makes 'final' offer of up to 9% pay hike to union

Royal Mail’s parent firm, International Distributions Services, on Wednesday (Nov 23) offered a pay increase of up to 9 per cent over 18 months in its “best and final” offer to its largest labour unio...

Royal Mail will be starting the process of consulting on the cuts “in response to the impact of industrial action, delays in delivering agreed productivity improvements and lower parcel volumes.”

Royal Mail to cut 10,000 jobs as strikes blamed for loss

Royal Mail said it will cut 10,000 jobs after projecting a full-year operating loss that it blamed partly on a series of crippling strikes.