Royal Mail is due to cut 700 management jobs, it has been announced. This comes when families across Yorkshire have been waiting weeks for urgent letters due to staff shortages exacerbated by a combination of Christmas, Covid staff absences and a commercial decision to prioritise parcels and packets. Sign up …
Read More »PRESS DIGEST-Financial Times – Jan 26
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Royal Mail to axe 700 jobs in overhaul that will hit profits. https://on.ft.com/3u0PGh0 Temasek buys UK testing group Element in $7 bln deal. https://on.ft.com/3o0OnLc UK banks …
Read More »Royal Mail to cut 700 jobs to “simplify and streamline operations”
Royal Mail Group has provided further information on its transformation programme in the UK and updating on Group trading for the third quarter, October to December 2021, and the nine months ended December 2021. The company stated: “We are engaging with our unions on the proposals, which we expect will …
Read More »Royal Mail plc (LON:RMG) Receives Average Rating of “Buy” from Analysts
Royal Mail plc (LON:RMG) has earned an average rating of “Buy” from the eleven analysts that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokers …
Read More »Unilever and Royal Mail slash 2,200 jobs to beat inflation squeeze | City & Business | Finance
The 1,500 redundancies at Marmite makers Unilever will see 15 percent and five percent of its senior and junior managers respectively lose their jobs. Workers on the consumer goods giant’s factory floors are not expected to be affected. The job losses are part of a wider restructuring which will see …
Read More »British stocks recover from multi-month lows as banks rally
A man shelters under an umbrella as he walks past the London Stock Exchange in London, Britain, August 24, 2015. REUTERS/Suzanne Plunkett Register now for FREE unlimited access to Reuters.com Register Unilever, Royal Mail to cut jobs Pub operator Marston’s gains despite lower sales FTSE 100 up 1.0%, FTSE 250 …
Read More »Here’s why I think the Royal Mail share price is 70% undervalued
The Royal Mail (LSE: RMG) share price has been a standout performer over the past couple of years. From a low of 124p printed at the beginning of April 2020, the stock pushed to a high of 600p at the beginning of June 2021, a return of 380%. Unfortunately, over …
Read More »Coronavirus: Latest Global Developments | The ASEAN Post
Here are the latest developments in the coronavirus crisis: Police Probe Partygate British Prime Minister Boris Johnson vows to cooperate with police on any formal probe into coronavirus lockdown-breaking parties at Downing Street, which has deepened the threat to his position. IMF Slashes Growth Estimate The Omicron variant of COVID-19 …
Read More »Latest Covid-19 developments from around the globe
PARIS: Here are the latest developments in the coronavirus crisis: – Police probe Partygate – British Prime Minister Boris Johnson vows to cooperate with police on any formal probe into coronavirus lockdown-breaking parties at Downing Street, further intensifying pressure on his position. – IMF slashes growth estimate – The Omicron …
Read More »Big pension changes coming in August – and it could mean ‘higher payouts’ for workers
An entirely new sort of retirement pot is launching this year, the ‘collective defined contribution’ scheme, which is already being trialled by the Royal Mail with 140,000 staff Video Loading Video Unavailable The video will auto-play soon8Cancel Play now Universal Credit, pension and other payment rates from April 2022 A …
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