The Royal Mail has been unable to deliver its results on time due to audit delays.

International Distributions Services (IDS), Royal Mail's parents company, was due to issue its latest figures to the stock market on Thursday morning, but failed to do so.

Later on in the day, the company said it was forced to delay publication as KPMG requested additional time to carry out the audit.

No date has been set for the publication of the results with updated timings expected "as soon as reasonably practicable".

A statement from IDS added: "The Board confirms that it expects adjusted operating profit (excluding voluntary redundancy costs) for the 53 weeks ended 31 March 2024 to be broadly in line with previously published guidance."

The company is at the heart of a £3.5bn takeover bid from Czech billionaire Daniel Kretinsky.

Mr Kretinsky's EP Group has until 5pm on Wednesday, May 29 to make a firm bid or walk away.

FTSE 100

The UK's flagship share index, the FTSE 100, was down 58-points at 8,280 shortly after opening this morning.

Brent crude oil futures were up 0.11%, trading at $81.645 a barrel.

Companies reporting today

  • Intertek Group - Trading Statement

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