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International Distributions Services PLC on Thursday reported a widened interim loss as revenue at UK letter deliverer Royal Mail declined and costs increased. The company once again used the results...
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Royal Mail has slumped to a £319m loss as it reels from the impact of strikes and a decline in letter sending.
International Distributions Services, the holding company of Royal Mail and GLS, saw losses more than double in the first half as lower parcel volumes and a pay settlement with workers dented the bottom line.