Royal Mail parent slides to half-yearly loss as higher costs bite
17/11/2022 07:09
Nov 17 (Reuters) - Royal Mail's parent company
International Distributions Services IDSI.L reported a
first-half loss of 57 million pounds ($67.88 million) as higher
costs and disruptions arising from strikes by its postal workers
put a strain on its finances.
The former British postal monopoly, which recently changed
the name of its holding company from Royal Mail Plc, still
expects full-year adjusted operating loss for the UK business of
around 350 million to 450 million pounds.
($1 = 0.8397 pounds)
(Reporting by Yadarisa Shabong in Bengaluru; Editing by Sherry
Jacob-Phillips)
((Yadarisa.Shabong@thomsonreuters.com; Twitter: https://twitter.com/Yadarisa;
+919742735150;))