Royal Mail vans Image: Rui Vieira Regulator Ofcom has fined Royal Mail £10.5 million for missing its post delivery targets in the 2023-2024 financial year. The fine is the second in two years, after the watchdog also gave Royal Mail a £5.6 million penalty in November 2023. Royal Mail said …

PA Media Royal Mail has been fined £10.5m by the regulator Ofcom for failing to meet delivery targets for first and second class mail. The fine is almost double the penalty the company was hit with last year for the same reason. Ofcom said Royal Mail’s poor service was “now …

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK regulators have fined Royal Mail after the group failed to meet its delivery targets, adding to pressure on the UK postal service as it prepares for a takeover by …

Rio Tinto (RIO), International Distribution Services (IDS), De La Rue (DLAR), Chapel Down (CDGP), new builds and Kosmos Energy (KOS) Rio Tinto (RIO) surprised the mining world in October with its $6.7bn (£5.3bn) buyout of Arcadium Lithium (US:ALTM), confirming a bullish outlook for the battery metal. It’s not so much of a shock then …

As it expands its parcel locker network in the UK, Royal Mail is set to roll out its first 250 own-brand parcel lockers over the coming months, to be used exclusively by Royal Mail customers. The first of these lockers is now live outside the company’s historic Mount Pleasant mail …

Royal Mail has been fined £10.5m by the communications regulator Ofcom for failing to meet delivery targets for first and second-class mail in the 2023-2024 financial year. The penalty was nearly double last year’s fine of £5.6m for failing to meet obligations under the Universal Service Obligation. Under Ofcom’s standards, …

Royal Mail has been fined more than £10m by the postal regulator for missing its delivery targets, with more than a quarter of first-class mail arriving late. Ofcom, which fined the company £5.6m for the same failure of its regulatory obligations last November, said Royal Mail took “insufficient and ineffective …

UK regulators have fined the UK's Royal Mail for poor performance for the second year running, adding to pressure on the postal services company … Source link

13 December 2024, 08:16 | Updated: 13 December 2024, 09:29 It is the second fine Royal Mail has been issued in 13 months. Picture: Alamy Royal Mail has been fined £10.5 million for late deliveries this year, as less than 75% of post is delivered on time. Royal Mail has …

Royal Mail has been fined £10.5m for missing postal delivery targets. Regulator Ofcom said 74.7% of first class mail and 92.7% of second class was delivered on time in 2023/24. The targets were 93% and 98.5%. It is the second time Ofcom has fined Royal Mail since the pandemic and …