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Royal Mail returns to profit as takeover brings ‘year of change’

Rise in profit comes a year after parent company IDS agreed to acquisition by Daniel Křetínský’s EP GroupBusiness live – latest updatesRoyal Mail has made a profit for the first time in three years, its owner said in its first results since its £3.6bn takeover by the Czech billionaire Daniel Křetínský.International Distribution Services (IDS), which owns Royal Mail, said the postal service made a pre-tax profit of £194m in its financial year ended in March, up from a loss of £143m last year, as parcel volumes increased. Continue reading...

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