Rating agency puts Royal Mail above its rivalsCITY A.M.ROYAL Mail has been given a better financial health rating than any other post or parcels companies in the world, boding well for the government's planned flotation of the postal service in the coming weeks. Independent US rating company Rapid Ratings … More: …
Read More »Royal Mail pulls back on pensions to save IPO – iNVEZZ
Royal Mail pulls back on pensions to save IPOiNVEZZiNVEZZ.com, Monday, September 23rd: On Friday, Royal Mail scrapped a proposal to cap pensionable pay rises at the rate of inflation, up to 5 percent maximum, caving in to pressure from staff in order to protect its £3 billion IPO from the …
Read More »Royal Mail offers new pension deal to its workers – This is Money
Royal Mail offers new pension deal to its workersThis is MoneyRoyal Mail has sought to stave off a strike threat to its £3billion stock market flotation by offering its workers a new pension deal. Plans for the initial public offering risk being derailed by the Communication Workers Union, which opposes …
Read More »Royal Mail Wombourne shake-up to be ‘more efficient’ – expressandstar.com
Royal Mail Wombourne shake-up to be 'more efficient'expressandstar.comA shake-up of the way post is delivered to a village near Wolverhampton has been announced – as Royal Mail said it is introducing new routes and methods to become 'more efficient'. Tweet. It means some people living in Wombourne will receive their …
Read More »Royal Mail amends DB pension proposals – Employee Benefits
Royal Mail amends DB pension proposalsEmployee BenefitsRoyal Mail Group has amended the proposed reforms to its defined benefit (DB) pension scheme. The changes were announced to staff on 6 September, following a consultation with members of the Royal Mail Pension Plan, which began on 21 June and … More: continued here
Read More »CityLink, Royal Mail, Amazon: Strike Updates – TameBay
TameBay CityLink, Royal Mail, Amazon: Strike UpdatesTameBayThere's bad news as far as ecommerce businesses are concerned – the Unions seem to have decided to flex their muscles and you'll need to keep an eye on who's affected and how it could impact your business. More: continued here
Read More »The arguments against a Royal Mail sell-off are clear-cut – Morning Star Online
The arguments against a Royal Mail sell-off are clear-cutMorning Star OnlineThe CWU will be following the sessions particularly closely because we hope to hear a clear statement on the future of Royal Mail under an incoming Labour government. In recent months, the Labour leadership has come out clearly against the …
Read More »INVESTMENT EXTRA: Has Government left any value on table for private … – This is Money
INVESTMENT EXTRA: Has Government left any value on table for private …This is MoneyRoyal Mail is expected to be worth £2.5bn to £3bn at float, which, adding in debt of around £900m, gives an enterprise value of £3.4bn to £3.9bn. Analysts tend to assess companies such as Royal Mail on …
Read More »ANDREW PIERCE: Labour’s very red faces over the Royal Mail – Daily Mail
Daily Mail ANDREW PIERCE: Labour's very red faces over the Royal MailDaily MailNow, as the Coalition presses ahead with plans to sell it off, a national ballot is being held this month for strike action by members of the Communication Workers' Union. Yet neither Red Ed Miliband nor Ed Balls, …
Read More »Union labels Royal Mail strike pay poll as ‘desperate’ and ‘spurious’ – Mirror.co.uk
Irish Independent Union labels Royal Mail strike pay poll as 'desperate' and 'spurious'Mirror.co.ukUnion chiefs accused Royal Mail of “desperation” after the firm published a poll showing most people opposed a postal strike. The company released results of a MORI survey showing 72% of respondents thought the Communication Workers Union should …Britain's …
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