Royal Mail’s owner today revealed that 18 days of industrial action had cost it around £200 million.
International Distributions Services also reported a 12.8% year-on-year decline in Royal Mail revenues for the first nine months of the year, leading to a £295 million operating loss.
Meanwhile, holidays and airline business Jet2 followed easyJet in lifting profits guidance on the back of a surge in demand and higher prices. On another busy day of corporate reporting, drinks firms Diageo, Fevertree and Britvic are among those updating investors.
