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FILE PHOTO: FILE PHOTO: The logo of Royal Mail is seen outside the Mount Pleasant Sorting Office as a delivery vehicle arrives, in London, Britain, June 25, 2020. REUTERS/John Sibley/File Photo/File Photo
Royal Mail's parent company International Distributions Services reported a first-half loss of 57 million pounds ($67.88 million) as higher costs and disruptions arising from strikes by its postal workers put a strain on its finances.
The former British postal monopoly, which recently changed the name of its holding company from Royal Mail Plc, still expects full-year adjusted operating loss for the UK business of around 350 million to 450 million pounds.
($1 = 0.8397 pounds) (Reporting by Yadarisa Shabong in Bengaluru; Editing by Sherry Jacob-Phillips)