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

Postal strikes called off after legal challenge

By Frank Prenesti

Date: Tuesday 07 Feb 2023

LONDON (ShareCast) - (Sharecast News) - UK postal workers have called off a strike scheduled for later this month after a legal challenge from Royal Mail, the Communication Workers Union (CWU) said on Tuesday.
Around 115,000 workers had planned to walk out for 24 hours from 12:30 GMT on February 16 in the long-running dispute over pay and conditions. However, a court challenge meant the CWU had decided not to purse the matter legally and instead focus on a new ballot of its members.

Royal Mail said it legally challenged the strike on technical grounds around reasons for the industrial action.

The CWU said its legal team had advised that "given the laws in this country are heavily weighted against working people", there was a risk that losing in court against Royal Mail's challenge could impact a new strike ballot.

"The postal executive do not believe it is worth risking the status of the new ballot to defend a ballot mandate that expires on 17 February," it said.

The union said it would restart talks with Royal Mail later this week, but warned if they failed it would "significantly step up the programme of strike action".

Royal Mail workers have staged several strikes, which the company claims have cost it millions in lost revenue. It has threatened job cuts unless the matter is resolved.

Workers have been offered a pay deal which Royal Mail says is worth up to 9% over 18 months, but the CWU says its members want more due to inflation hitting almost 10%. It also objects to proposed changes to working conditions, including the introduction of compulsory Sunday working.

Reporting by Frank Prenesti for Sharecast.com

Email this article to a friend

or share it with one of these popular networks:


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

Top of Page