LONDON MARKET PRE-OPEN: Royal Mail to change name, hints at split

[TrueBlueTerrier]

https://www.lse.co.uk/news/london-marke ... t2uef.html



Royal Mail said revenue in its core unit during the first quarter ended June was 12% lower year-on-year.

Revenue in the eponymous Royal Mail unit in the UK was hit by "weakening retail trends, lower [Covid-19] test kit volumes and a return to structural decline in letters".

The domestic unit suffered an adjusted operating loss of GBP92 million.

At GLS, the company's Amsterdam-based logistics arm, volumes fell 3% annually, though revenue was up 7.8% in sterling terms, or 9.8% in euros.

There could be wholesale changes afoot at group level. The London listing has announced a name change to International Distributions Services PLC, to reflect the "increased importance" of GLS at group level.

There also could be a separation, should the Royal Mail arm continue to be a laggard.

"The board has always maintained that there should be no cross subsidy in the group and recognises the need to address improvements in Royal Mail's performance quickly. In the event that significant change within Royal Mail is not achieved, the board will consider all options to protect the value and prospects of the group, including separation of the two companies," the company said.

[wallan]

Royal Mail ( Letters Ltd ) & Royal Mail ( Parcels Ltd )

[Dorset Plodder]

Well I've never been acussed of being a "Laggard" before!

I might change my Name to "Dorset Laggard"

When you read these reports from Finacial Institutes, Share Holders, Company Boards etc they always remind me of some Dystopian Story with the "Haves"ruling from on high and the "Have Nots" working away like drones just to make them money, regardless of the things they to do, or the way they have to live.

Unfortunately Covid only killed 182,000 people and our profits were effected by "lower test kit deliveries". As for "weakening retail trends", perhaps more people are suffering from the cost of living rises, and have stop buying so much crap?

[POSTMAN]

Domain Name: INTERNATIONALDISTRIBUTIONSSERVICES.COM
Registry Domain ID: 2711243460_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.corporatedomains.com
Registrar URL: http://cscdbs.com
Updated Date: 2022-07-15T15:21:00Z
Creation Date: 2022-07-15T15:21:00Z
Registry Expiry Date: 2023-07-15T15:21:00Z
Registrar: CSC Corporate Domains, Inc.
Registrar IANA ID: 299
Registrar Abuse Contact Email: domainabuse@cscglobal.com
Registrar Abuse Contact Phone: 8887802723
Domain Status: clientTransferProhibited https://icann.org/epp#clientTransferProhibited
Name Server: DNS1.CONSIGNIA.COM
Name Server: DNS2.CONSIGNIA.COM

[POSTMAN]

Domain name:
internationaldistributionsservices.co.uk
Data validation:
Nominet was able to match the registrant's name and address against a 3rd party data source on 15-Jul-2022
Registrar:
CSC Corporate Domains, Inc [Tag = CSC-CORP-DOMAINS]
URL: https://www.cscdbs.com
Relevant dates:
Registered on: 15-Jul-2022
Expiry date: 15-Jul-2023
Last updated: 15-Jul-2022
Registration status:
Registered until expiry date.
Name servers:
dns1.consignia.com
dns2.consignia.com

[SpacePhoenix]

Domain Name: INTERNATIONALDISTRIBUTIONSSERVICES.COM
Registry Domain ID: 2711243460_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.corporatedomains.com
Registrar URL: http://cscdbs.com
Updated Date: 2022-07-15T15:21:00Z
Creation Date: 2022-07-15T15:21:00Z
Registry Expiry Date: 2023-07-15T15:21:00Z
Registrar: CSC Corporate Domains, Inc.
Registrar IANA ID: 299
Registrar Abuse Contact Email: domainabuse@cscglobal.com
Registrar Abuse Contact Phone: 8887802723
Domain Status: clientTransferProhibited https://icann.org/epp#clientTransferProhibited
Name Server: DNS1.CONSIGNIA.COM
Name Server: DNS2.CONSIGNIA.COM

That Consignia name sounds familiar

[Dorset Plodder]

That Consignia name sounds familiar

Oh No! They'll have to change the Uniform .... Again!

[Judgee]

That Consignia name sounds familiar

Oh No! They'll have to change the Uniform .... Again!

Hope so they haven't had a decent uniform since they got rid of the blue fleeces. Red ones make me feel I should be working at Butlins!

[gt94sss2]

The London listing has announced a name change to International Distributions Services PLC, to reflect the "increased importance" of GLS at group level.

This sounds like a pointless change to me - replacing a well known name with something that seems to have an extra s in it!

[Mr Rush]

That headline had me thinking the service had become so trashed we were doing a Hermes and rebranding. Glad to see we haven't hit rock-bottom just yet.