Royal Mail

By GREG HEFFER, POLITICAL CORRESPONDENT FOR MAILONLINE Published: 06:50 EST, 21 November 2024 | Updated: 06:51 EST, 21 November 2024 The owner of Royal Mail has failed to rule out job cuts, price hikes or service changes after Chancellor Rachel Reeves used her Budget to hike national insurance. Martin Seidenberg, …

First-class stamps have become so expensive that it may be cheaper to fly to Europe to post your Christmas cards, according to a shocking recent analysis. The decision by Royal Mail to hike the price to £1.65 means that sending a letter from certain foreign countries is now half the …

Boohoo has appointed a new chair Fashion chain Boohoo has appointed Tim Morris as independent chair in response to calls from major shareholder Frasers calling for the removal of Mahmud Kamani who now becomes executive vice chair. Boohoo has committed to governance measures including limiting Mr Kamani’s influence over board …

By Yadarisa Shabong (Reuters) -The parent firm of Britain’s Royal Mail warned of a worsening cost environment following last month’s budget and said it could not rule out price hikes and higher automation as it looks to cut costs after returning to a first-half profit. International Distribution Services, which owns …

Royal Mail owner International Distribution Services has written down the value of the UK mail business by £134mn because of the increase in … Source link

The company that owns Royal Mail is considering job cuts and price rises on stamps and parcels as it blamed the Labour government’s first budget in 14 years for adding £120m to its costs. International Distribution Services (IDS) said the government’s decision to raise employers’ national insurance contributions (NICs) compounded …

Royal Mail said it was on track to return to profit for the full year once the cost of redundancies is removed from its balance sheet. However, bosses warned that reform to Royal Mail’s universal service obligations, which include a requirement to deliver letters six days a week, was even …

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Royal Mail has taken a £134mn hit to the value of its business because of the increase in employers’ national insurance contributions, in one of the biggest impacts from measures …

Royal Mail has warned it will have to raise prices after taking a £120m hit from Rachel Reeves’s Budget tax raid. The postal company said the Chancellor’s decision to raise employer National Insurance contributions (NICs) will have a disproportionate impact on the company given it has 130,000 workers. Bosses said …

(Photo: Royal Mail) This festive season, the Royal Mail’s 2024 Christmas stamp collection features a series of evocative snowy scenes of iconic UK cathedrals. Illustrated by British artist Judy Joel, each stamp captures the beauty of these sites dusted in winter snow, evoking a sense of peace, tradition, and …