Parcel service provider GLS has acquired 100% of the share capital of ProntoPacco, one of Italy’s largest parcel shop networks with over 6,000 pick-up and drop-off points.
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International Distributions Services plc has released unaudited preliminary results for the 52 week period ended 26 March 2023.
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International Distributions Services PLC has published its results for the half year ended 25 September 2022. Losses continue for Royal Mail.
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Royal Mail has published a trading update revealing its expected full year adjusted operating loss of around £350 million. The organisation says it plans to make short-term cost efficiencies through an estimated reduction of around 5,000 full time equivalent operational roles (FTEs) by March 2023 and c.10,000 by end of August 2023.
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Royal Mail has provided an update on trading for the first quarter, April to June 2022 revealing “disappointing” performance, with the company currently losing one million pounds per day. The Board warns if “significant changes” are not achieved it will considering separating Royal Mail and GLS.
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