Royal Mail owner blames Labour budget for preventing return to profit
International Distribution Services’ says it will take £134m hit from budget but shows improved underlying financial performance The company that owns Royal Mail has blamed a £134m hit from Labour’s first budget in 14 years for preventing a return to profit, as its underlying financial performance improved.International Distribution Services’ half-year results illustrate the difficulties it is facing during one of the most turbulent periods in the history of its 508-year-old subsidiary, the Royal Mail. Continue reading...
International Distribution Services’ says it will take £134m hit from budget but shows improved underlying financial performance
The company that owns Royal Mail has blamed a £134m hit from Labour’s first budget in 14 years for preventing a return to profit, as its underlying financial performance improved.
International Distribution Services’ half-year results illustrate the difficulties it is facing during one of the most turbulent periods in the history of its 508-year-old subsidiary, the Royal Mail. Continue reading...
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