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Evening Standard

Holly Williams

Royal Mail owner set to return to profit in first figures since £3.6bn takeover

Royal Mail Daniel Kretinsky International Distribution Services Ofcom

The owner of Royal Mail is expected to show a return to annual earnings on Monday in the firm’s first set of results since the completion of its £3.6 billion takeover by Czech billionaire Daniel Kretinsky.

International Distribution Services (IDS) will post figures for the 12 months to March 31 after a milestone year for the group, which saw Royal Mail taken into foreign ownership for the first time in its more than 500-year history.

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