Royal Mail

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 …

CWU LIVE – Royal Mail Takeover & Restructuring Upload Date: December 13 2024 On this weeks episode of CWU Live, we’re at Congress House, home of the TUC. We’re joined by Dave Ward, Martin Walsh, Tony Kearns, Tony Bouch & more as we talk Royal Mail takeover, USO, and discussions …

Ofcom issued the second fine in just over a year to the postal service after Royal Mail failed to improve service levels. Royal Mail failed to meet its first- and second-class delivery targets in the 2023/24 financial year. Just 74.7% of first-class mail and 92.7% of second-class mail was delivered …

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 …