Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksInternational Distributions Services Share News (IDS)

Share Price Information for International Distributions Services (IDS)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 320.40
Bid: 320.80
Ask: 321.20
Change: -1.80 (-0.56%)
Spread: 0.40 (0.125%)
Open: 323.80
High: 324.80
Low: 318.80
Prev. Close: 322.20
IDS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Royal Mail letter delays 'blight Christmas for third year running'

Fri, 27th Jan 2023 05:53

(Alliance News) - An estimated 31 million people were hit by letter delays over Christmas as International Distributions Services PLC's Royal Mail "let consumers down for a third year running", Citizens Advice said.

Some 60% of UK adults experienced delayed post, with some still receiving festive cards well into the new year, a survey for the charity suggests.

Some 11% – an estimated 3.2 million – said they missed an important document, such as an insurance letter or legal document, and 8% – an estimated 2.1 million – said they missed a health appointment.

Citizens Advice said it was the third festive period in a row when it had called on the Royal Mail to improve its performance.

It previously found that 28% of people experienced letter delays between mid-December 2021 and mid-January 2022 and 31% were left waiting in January 2021, suggesting "deep-seated problems at play" despite postal strikes affecting performance this year.

The survey found that almost a quarter of people (23%) turned to more expensive ways of sending mail, such as Special Delivery Guaranteed, during Christmas 2022. However, 39% of those who did so still faced delays, despite paying extra.

Royal Mail has an obligation as Universal Service Provider to deliver mail on time, but it is exempt from its targets around the Christmas period.

Citizens Advice has now called on regulator Ofcom to investigate Royal Mail's performance in recent years and to "think again about not holding the firm to account over its performance during the festive period".

It has also urged Royal Mail to scrap any further stamp price rises "at a time when performance is so poor".

Citizens Advice chief executive Dame Clare Moriarty said: "For a third year running, Royal Mail has let consumers down.

"Letter delays have real and worrying consequences, especially when people miss medical appointments or get bills late.

"Royal Mail's virtual monopoly on letters means that Ofcom needs to take action to protect consumers from further harm.

"It must investigate Royal Mail's culture of poor performance and stop letting the company off the hook over the festive season."

– Yonder surveyed 4,148 UK adults between January 6 and 10.

By Josie Clarke, PA Consumer Affairs Correspondent

source: PA

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
3 Apr 2024 12:00

LONDON MARKET MIDDAY: Stocks down over US Fed rates cuts speculation

(Alliance News) - Stock prices in London were down at midday on Wednesday, as investors showed caution over the US interest rate cuts outlook, with continued robust data showing the resilience of the US economy.

Read more
3 Apr 2024 10:09

IDS arm Royal Mail eyes scaling back letter deliveries to save costs

(Alliance News) - International Distributions Services PLC unit Royal Mail on Wednesday proposed a change to its UK letter delivery offering, as it grapples with weaker volumes, in a move which could see "fewer than 1,000 voluntary redundancies".

Read more
3 Apr 2024 10:07

IDS makes submission on future of Universal Service

(Sharecast News) - International Distributions Services proposed an end to daily Second Class deliveries by Royal Mail on Wednesday, in its submission to Ofcom on the future of the Universal Service, in a bid to save up to £300m per year.

Read more
2 Apr 2024 15:47

Royal Mail appoints Heathrow executive as new CEO

(Sharecast News) - Royal Mail has appointed a senior executive from Heathrow to become its next boss as parent company International Distribution Services looks to turn its fortunes around.

Read more
2 Apr 2024 12:24

Heathrow executive Emma Gilthorpe to take the helm at Royal Mail

(Alliance News) - International Distributions Services PLC's Royal Mail has ended its hunt for a new top boss after appointing Heathrow Airport senior executive Emma Gilthorpe to the helm at a crucial time for the postal service.

Read more
20 Mar 2024 08:44

Paypoint and Lloyds Banking Group extend cards partnership agreement

(Alliance News) - Lloyds Banking Group PLC will become the main card acquiring partner for PayPoint PLC under a deal announced on Wednesday.

Read more
22 Feb 2024 14:33

PayPoint signs multi-year partnership with Royal Mail

(Alliance News) - PayPoint PLC on Thursday announced an agreement as its consumer channels shift continues to move towards out of home.

Read more
25 Jan 2024 09:10

LONDON BROKER RATINGS: JPMorgan raises Admiral Group to 'neutral'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Read more
24 Jan 2024 16:31

London close: Stocks rise on positive news from China

(Sharecast News) - London markets finished with a positive performance on Wednesday, driven by gains in the mining sector following China's announcement of an upcoming reduction in the reserve requirement ratio for banks.

Read more
24 Jan 2024 10:01

Royal Mail could cut deliveries to three per week - Ofcom

(Sharecast News) - Ofcom has called for an overhaul of the UK's postal service, including potentially cutting deliveries to just three days a week.

Read more
24 Jan 2024 08:53

Royal Mail could cut delivery days to three a week under overhaul plan

(Alliance News) - Royal Mail could be allowed to cut its letter deliveries to five days a week or three under options put forward by the industry watchdog as it warned the UK postal service risks becoming "unsustainable" without reform.

Read more
24 Jan 2024 07:47

LONDON BRIEFING: abrdn to cut 100 jobs; Rio Tinto plane crash

(Alliance News) - Stocks in London are expected to open higher on Wednesday, following a largely positive performance in New York.

Read more
23 Jan 2024 17:46

London close: Stocks slip as focus shifts to US earnings

(Sharecast News) - London's stock markets experienced a downturn on Tuesday, despite the release of favourable UK borrowing figures as investors turned their focus to earnings from prominent US companies on Wall Street.

Read more
20 Jan 2024 11:14

PRESS: Ofcom could allow Royal Mail to stop Saturday postal deliveries

(Alliance News) - International Distributions Services PLC's Royal Mail could be allowed to stop Saturday postal deliveries as Ofcom will outline options for reforming the company's service obligations, Sky News reported on Saturday.

Read more
18 Jan 2024 09:33

Royal Mail owner IDS has "best Christmas" in four years, hires new CFO

(Alliance News) - International Distributions Services PLC on Thursday appointed a new chief financial officer with immediate effect, alongside noting its "best Christmas" performance in four years.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.