International Distributions Services (IDS)

Sector:

Commercial Transport

Index:

FTSE 250

320.00p
   
  • Change Today:
    -2.00p
  • 52 Week High: 326.40
  • 52 Week Low: 196.15
  • Currency: UK Pounds
  • Shares Issued: 958.29m
  • Volume: 2,110,404
  • Market Cap: £3,066.54m
  • RiskGrade: 103

Royal Mail workers to strike on Christmas Eve

By Abigail Townsend

Date: Friday 18 Nov 2022

LONDON (ShareCast) - (Sharecast News) - Royal Mail workers are to extend industrial action to include Christmas Eve, it emerged on Friday, the latest salvo in a long-running dispute over jobs, condition and pay.
Members of the Communication Workers Union at the postal company, who are already due to strike for four days around Black Friday in November and December, have added six more days of industrial action, on 9, 11, 14, 15, 23 and 24 December.

Royal Mail has proposed a so-called "pay-for-change" offer, rejected by the union, which includes changes to shift patterns and Sunday working in exchange for a 9% pay rise spread over two years. Inflation is currently at a 41-year high of 11.1%.

In a statement, a spokesperson for Royal Mail, said: "Our preference is for an agreement with the CWU but the change we need is not optional.

"They should be focused on a resolution to this dispute for their members, and the long-term health of the business, rather than damaging strike action."

The CWU said it wanted to agree a negotiated settlement and would continue to engage with the company. But it added: "Those in charge of Royal Mail need to wake up and realise we won't allow them to destroy the livelihoods of postal workers."

There were similar walkouts by CWU union members at the firm in August and September.

The CWU represents more than 115,000 postal workers at Royal Mail, which in October changed its corporate name to International Delivery Services.

Gerald Khoo, analyst at Liberum - which has a 'sell' rating on the stock - said: "The proposed strikes [in December] are clearly aimed at ramping up the pressure on management going into the peak season.

"We see a narrow window for agreement. However, even with a resolution to the current dispute, Royal Mail faces significant challenges in implementing restricting and reaping the associated savings."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

IDS Market Data

Currency UK Pounds
Share Price 320.00p
Change Today -2.00p
% Change -0.62 %
52 Week High 326.40
52 Week Low 196.15
Volume 2,110,404
Shares Issued 958.29m
Market Cap £3,066.54m
RiskGrade 103

IDS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
61.24% above the market average61.24% above the market average61.24% above the market average61.24% above the market average61.24% above the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
67.81% above the market average67.81% above the market average67.81% above the market average67.81% above the market average67.81% above the market average
28.57% above the sector average28.57% above the sector average28.57% above the sector average28.57% above the sector average28.57% above the sector average
Income Not Available
Growth
71.14% below the market average71.14% below the market average71.14% below the market average71.14% below the market average71.14% below the market average
57.14% below the sector average57.14% below the sector average57.14% below the sector average57.14% below the sector average57.14% below the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 4
Sell 0
Strong Sell 1
Total 7
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

IDS Dividends

  Latest Previous
  Final Special
Ex-Div 28-Jul-22 02-Dec-21
Paid 06-Sep-22 12-Jan-22
Amount 13.30p 20.00p

Trades for 17-May-2024

Time Volume / Share Price
16:36 81,758 @ 320.00p
16:35 808,424 @ 320.00p
16:35 17,170 @ 320.00p
16:35 39,753 @ 320.00p
16:35 100,000 @ 320.00p

IDS Key Personnel

CEO Martin Seidenberg
CFO Michael Frederick Snape

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