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Tag Archives: service

Ofcom to review Royal Mail’s universal service obligations

UK communications regulator Ofcom announced plans to review the nation’s universal postal service on Tuesday, as a result of the changing needs and habits of postal users. Ofcom said the universal postal service, underpinned by the Postal Services Act of 2011, mandated International Distributions Services subsidiary Royal Mail to deliver …

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Royal Mail threatens to put postal service into administration

Royal Mail issued a threat to put its loss-making postal service into administration, it emerged on Tuesday, amid escalating talks with union chiefs. According to the Telegraph, the postal operator – part of the recently-renamed International Distributions Services – had warned unions that it could place the regulated part of …

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null (LON:IDS) Reaches New 1-Year High at $209.90

Shares of null (LON:IDS – Get Rating) hit a new 52-week high on Tuesday . The stock traded as high as GBX 209.90 ($2.54) and last traded at GBX 208.35 ($2.52), with a volume of 314079 shares changing hands. The stock had previously closed at GBX 203.70 ($2.46). Analyst Upgrades …

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Royal Mail (LON:RMG) Sets New 1-Year Low at $258.80

Royal Mail plc (LON:RMG – Get Rating) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 258.80 ($3.17) and last traded at GBX 267.70 ($3.28), with a volume of 588816 shares. The stock had previously closed at GBX 273.40 ($3.35). RMG …

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