London stocks had maintained gains by midday on Tuesday, having taken their opening cue from a positive close on Wall Street, with Royal Mail pacing the advance after a well-received update. The FTSE 100 was up 0.8% at 7,357.44, having slumped 2.6% on Monday amid growing tensions between Russia and …

Royal Mail have announced they are set to cut 700 jobs from the business. The move comes as part of cost-cutting measures, the company has announced. It comes days after it emerged the firm received more than a million complaints from householders last year, the highest level for a decade, …

Up to 700 jobs could go at Royal Mail as part of cost-cutting plans after Christmas postal deliveries were hit by Covid-related staff absences. The jobs news came as the organisation announced that absences peaked at 15,000 in early January as staff went off sick with Omicron. It admitted that …

Unite the union pledged today (Tuesday 25 January) to fight plans by the Royal Mail to axe 700 managerial jobs, after a £400 million giveaway to key shareholders. Unite said its members were being made the scapegoat for the bosses’ failure to maintain deliveries during the two-year old pandemic which …

What’s going on at Royal Mail and what do investors make of today’s profit downgrade, here we break it down. What’s happened? Royal Mail PLC (LSE:RMG)  has cut its profits forecast in its UK arm this year down to £430mln from £500mln. At the same time, Royal Mail announced plans …

Royal Mail Gains as Investors Cheer Cost-Cutting Moves Shares in Royal Mail rise 5% as investors welcome moves by the company to cut costs despite reducing full-year profit guidance. The company now expects an adjusted operating profit of around GBP430 million for the year ending March, compared with previous guidance …

Royal Mail is set to cut 700 jobs as part of a huge cost-cutting reorganisation of the business. The postal service announced plans to make 700 managers redundant, which would save around £40million every year – that’s around £57,142 per manager. Around £30million of that would come between April 2022 …

UNITE vowed to fight Royal Mail’s plans to axe 700 jobs today as the threat of strike action looms large. The announcement, affecting managerial positions, came after Communication Workers Union (CWU) members unanimously approved a strike ballot over Post Office pay freezes on Monday. Unite said that its members were being made the scapegoat for bosses’ failure …

Many of the complaints that Royal Mail has received (Report, 25 January) are from my Hornsey and Wood Green constituents, as for the second year running our community has been one of the hardest-hit by postal delays. I have had countless distressing emails from residents who have missed urgent cancer …

An analysis of Royal Mail quality of service reports has found that over 1 million customer complaints were investigated last year in what was the most in over a decade. It was also an increase of nearly 50% compared to the previous year. Royal Mail is the UK version of …