Another dip in UK output today added pressure on the Bank of England to consider a back-to-back cut in interest rates. Source link

Royal Mail only delivered 74.7% of first-class mail on time last year Ofcom previously fined Royal Mail £5.6m for falling short of its targets  By HARRY WISE Updated: 07:22 EST, 13 December 2024 Britain’s communications regulator has slapped Royal Mail with a fine for late deliveries for the second time …

UK’s Royal Mail hit with fine by regulator over delivery delays LONDON, Dec 13, 2024 (BSS/AFP) – UK postal operator Royal Mail has been fined o10.5 million ($13.3 million) for delays in delivering mail for the 2023/2024 financial year, Britain’s communications regulator Ofcom said Friday. The fine is nearly double …

ROYAL MAIL’S £10.5 million fine for missing its postal delivery targets in 2023/24 is the “direct result of the deliberate and sustained dismantling of postal services,” the Communication Workers Union (CWU) said today. Regulator Ofcom made the fine — which comes after it issued a £5.6 million penalty in November 2023 — after just under three-quarters …

2. Royal Mail fined £10.5mln for failing to hit delivery targets. According to Ofcom, Royal Mail delivered 74.7% of First Class mail and 92.7% … Source link

Former Post Office Minister Paul Scully has warned that Royal Mail is facing “tough times” after the postal service was hit with a £10.5million fine from Ofcom. The penalty was imposed after Britain’s national postal service failed to meet its delivery targets in the 2023-2024 financial year. This marks the …

Shares in ride-hailing company Uber closed Thursday’s session flat after the stock tumbled in the previous session. The stock was down in Wednesday’s trading session following an announcement from General Motors (GM) that it was pulling the plug on its robotaxi project Cruise. Back in August, Uber announced a partnership …

Ofcom has fined Royal Mail £10.5m for failing to meet its First and Second Class delivery targets in the 2023/24 financial year. Announced this morning (13 December), the fine is the second time Ofcom has found Royal Mail in breach of its regulatory obligations in recent years, after the lower £5.6m …

Disgruntled Brits have attributed the continuing decline in Christmas card sales to the “shocking” cost of stamps in 2024. Earlier this week, it was reported sales in boxed cards is down 23%, while individual cards dropped by 15% in last year’s figures. A survey conducted by Moneypenny found 49% of …

Royal Mail has been fined a record £10.5 million by the postal regulator after delivering more than a quarter of first-class letters late. Ofcom said that the company failed to meet its obligations to handle letters swiftly enough, marking the second financial penalty it has faced in just over a …