International Distributi... Share Discussion Threads

[tuftymatt] 31/10/2022 07:40

Hopefully a positive day here as the strikes are called off too for now.

[cwa1] 31/10/2022 07:28

31 October 2022

INTERNATIONAL DISTRIBUTIONS SERVICES plc (the "Company")

VESA EQUITY INVESTMENT S.à r.l. ("VESA")

National Security and Investment Act 2021 ("NSI Act") - Update

On 25 August 2022, the Company announced (whilst still named Royal Mail plc) that it had received notification from the Secretary of State for Business, Energy and Industrial Strategy ("Secretary of State") that he reasonably suspected that arrangements were in progress or contemplation which, if carried into effect, would result in VESA increasing its shareholding in the Company from 25% or less to more than 25% and that he was exercising his call-in power under section 1 of the NSI Act.

The Company has now been notified by the Secretary of State that no further action is to be taken under the NSI Act in relation to the potential increase by VESA of its shareholding in the Company to more than 25%.

VESA's most recent notification to the Company in relation to its holding, as disclosed to the market on 19 July 2022, indicated that VESA held just over 22% of the total voting rights in the Company at that time.

[isis] 30/10/2022 20:48

Employees do not get the idea of a Private Company run as a business to make a profit and pay them and shareholders.
I know a few Postal Workers and all of them come across as very militant and see it as their Company to do as they please. They don't get the idea of private enterprise, even though they all shop and do nearly everything else via private Companies.

[nakedmolerat] 30/10/2022 20:13

I have already made the change in advance to Hermes/Evri, as my business couldnt function with that many days strikes. IDS/RM needs restructure. Three deliveries in one day, when one would have done. The Unions need to shape up and work with IDS/RM.

[casholaa] 24/10/2022 16:16

Flog it to the Americans.

[cwa1] 24/10/2022 16:05

ACAS talks 25/10

[encarter] 23/10/2022 15:37

The 2.5cm limit was the maximum size for mail mech sorted via the flat sorting machines. Anything above that had to be manually sorted. They have now introduced parcel sorting machine so the pricing by proportion rules could now be relaxed.

[lennonsalive] 23/10/2022 13:00

So Royal Mail only available 10 days in November during the busiest time of the year. If you post anything it's going to be sat around in depots I guess. I've heard from the local post office that Royal Mail are also being strict on the size of the parcels and loads are already sat in the local depots because of this.Sounds like a disaster.

[claret dragon] 22/10/2022 06:17

Just seen the name change.

Strange one for me.

[spob] 21/10/2022 02:13

ahh, thickness

I get it now

Lol

[exotic] 20/10/2022 19:30

spob - 25mm is the maximum thickness for RM's Large Letter format.

Usually means a sending in a bubble envelope, polythene mailing bag, or PIP box.


For example, sending a cheap and light 10g item via 2nd Class:
25mm thickness:
£0.98

26mm thickness:
£2.85

[spob] 20/10/2022 17:20

haven't seen many 3cm envelopes

where can i buy them ?

[casholaa] 20/10/2022 13:14

I use a mix of RM and Evri/Hermes when I need to. RM would get more of my business if they increased their large letter limits from 2.5cm to 3cm and kept the price the same.

[yieldmonkey] 20/10/2022 08:35

Noticed something interesting with our business. On the first strike days, customer orders were 40-50% down. Now this figure has fallen to 15-20%. I guess the law of diminishing returns applies here. The more strikes, the less the individual effect and the public just become used to things.

Unfortunately for RM, many business customers like ourselves have switched our parcels to other suppliers - so far so good - better services, same price. Cant see us going back to RM - our RM account executive seems to have given up and says he would do the same!

[geckotheglorious] 19/10/2022 08:24

Spob,
"money is a tool to control the people. Most people will never understand how they are manipulated"

This guys does!!



Be as self sufficient as possible.

[isis] 18/10/2022 23:30

I don'think pay rises of 10% are being awarded across all industries at this time - so a stupid statement really.
Worse still this is a dying business and needs to be rationalised and brought up to date and rid of archaic, restrictive ptactises, We've seen this all before.

[spob] 15/10/2022 18:23

pay rises below the true rate of inflation are pay cuts

money is a tool to control the people. Most people will never understand how they are manipulated

[coxsmn] 15/10/2022 15:38

The action of Unions will result in many more job losses, how can company make big pay rises when business is loss making.First and foremost RMG needs to restructure modernise parcel delivery to compete.

[fred splange] 15/10/2022 06:51

Yesterday's announcement was extremely dire. All the debate on here was about the strikes and union bashing, but this statement shows what a reverse there's been which can't be blamed on the unions:Royal Mail H1 2022-23 adjusted operating loss of GBP219 million (2021-22: GBP235 million profit), including around GBP70 million of direct negative impacts from 3 days of industrial action.£235m profit to £219m loss in a year, a £454m reverse. They try to blame strikes for £70m of that, which is minor, but that £70m represents 'negative impact' - loss of revenue, it doesn't account for the positive impact - abatement of strikers pay, which is probably equivalent or more. So the strikes are responsible for a tiny percentage of the reverse.Management are hiding behind the strikes to cover up for their own dreadful performance. Thompson has had his chance and proven totally useless, time for shareholders to realise that and time for a change at the top.

[isis] 14/10/2022 22:16

The fact is regardless of Unions and what they want or think this is a dying business and no sane Government would really want it back.
t has to adapt to modern times and the reality that post has fallen dramatically and in most cases is not essential as it used to. You book a Holiday or Show its all E tickets now, everything is becoming paperless.
This is a private Company now it is not owned by the Unions.

[geckotheglorious] 14/10/2022 18:51

They're gonna lose nearly all of it then.....because if it is nationalised, shareholders will get sweet FA.