Royal Mail owner blames Labour budget for preventing return to profit

Royal Mail owner blames Labour budget for preventing return to profit

Royal Mail, Business, UK news Business | The Guardian

​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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