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Published on 23 May 2024 on The Telegraph via Yahoo Finance

Royal Mail fails to deliver its own results on time


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Czech billionaire Daniel Kretinsky is on the brink of taking over the 500-year-old postal service - David W Cerny/REUTERS

Royal Mail has failed to publish its financial results on time because of audit delays as it gears up for a £3.5bn takeover by a Czech billionaire.

Parent company International Distributions Services (IDS) was expected to issue figures for its latest financial year to the stock market at 7am on Thursday, but failed to do so.

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