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Royal Mail on track to return to annual profit after strong Christmas

Owner highlights parcel deliveries performance as £3.6bn takeover by Czech billionaire nears completion

The owner of Royal Mail has said it received a fillip from parcel deliveries over Christmas, putting it on track to return to annual profit, as its £3.6bn takeover by the Czech billionaire Daniel Křetínský nears completion.

International Distribution Services (IDS) said Royal Mail delivered more than 99% of items sent on or before the recommended last posting dates in time for Christmas.

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