Overview

• Emma Gilthorpe resigned as chief executive on Thursday after just over a year at the helm.
• Czech billionaire Daniel Křetínský’s EP Group completed its £3.6 billion takeover of International Distribution Services in April.
• Chief operating officer Alistair Cochrane stepped in as interim CEO with immediate effect.
• Ofcom opened an investigation after almost a quarter of first-class mail arrived late last year.
• Royal Mail is negotiating with the Communication Workers Union on pay and considering revisions to its universal service obligation.