** Shares of Royal Mail owner International Distribution Services Plc climb as much as 7.5% to 248.9p; stock among top pct gainers on FTSE midcap index
** Britain's Royal Mail and the Communication Workers Union (CWU) reached a proposed agreement over pay and employment terms, which will be considered by the union's executive before being voted on by members, the two sides said on Saturday
** Details of the proposed deal, including the level of any pay award, were not given in Saturday's statement
** More than 110,000 postal staff at Royal Mail held several nationwide strikes in 2022, joining workers in a series of sectors in Britain, demanding higher pay to cope with rising inflation and pressure on living standards
** Including session's gains, stock has risen more than 14% YTD
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