The owner of Royal Mail, International Distribution Services (IDS), has announced it's on track for an annual profit comeback following a Christmas parcel surge, as the £3.6bn acquisition by ...

The owner of Royal Mail said it remains on track to return to annual profit after a parcel boost over Christmas as its £3.6 billion takeover by Czech billionaire Daniel Kretinsky nears completion.

But Royal Mail has suffered in recent years as a decline in letters being sent in favour of parcel deliveries means it faces increasing competition from rivals such as Amazon, Evri and DPD.

The owner of Royal Mail said it remains on track to return to annual profit after a parcel boost over Christmas as its £3.6 billion takeover by Czech billionaire Daniel Kretinsky nears completion.

The owner of Royal Mail said it remains on track to return to annual profit after a parcel boost over Christmas as its £3.6 billion takeover by Czech billionaire Daniel Kretinsky nears completion.