YOUGOV PLC : Royal Mail's profits soar ahead of privatisation4-traders (press release)On 21 May, Royal Mail announced that its profits had increased a whopping 60% to £324m, achieved through cost control, higher revenue from packages and parcels ordered by internet shopping, and also last year's sharp rise in stamp prices. The profits … More: continued…
Union sends ballot papers to 112,000 postal workers calling on them to back stance against selloff and consider industrial action More than a 100,000 Royal Mail workers have been asked to vote for or against the government's plans to sell off the "beloved British institution". The Communication Workers Union (CWU) sent out ballot papers on…
UK's Royal Mail officials due in Cyprus to discuss postal delaysBalkans.com Business NewsOfficials from the UK's postal services, Royal Mail, are due to visit the island at the end of the month to discuss how they can improve services to and from the island in tandem with their Cypriot counterparts.Pavlos Pavlides, deputy director of ……
Derbyshire Times Royal Mail must learn after lost letters findDerbyshire TimesI read recently that Royal Mail wants to cut the maximum payout for lost or damaged mail by more than half, from £46 to £20. Yet figures for the last financial year show there were 7,000 more complaints about the unsatisfactory delivery of mail than…
Scotsman Royal Mail: Brokers lined up for £3bn flotationScotsmanThe union representing the Royal Mail's 130,000 employees is opposed to the group's privatisation. The Communication Workers Union (CWU) argues that the doubling of operating profits to £403 million revealed in last week's results announcement showed …Royal Mail leads the Government's great sell-offTelegraph.co.ukRoyal Mail sounds out market…
Royal Mail pensions in deficit – againFinancial TimesRoyal Mail's preliminary results, released last week, show the scheme has an accounting surplus of £825m. This has lead John Ralfe, an independent pension consultant, to argue that it should invest purely in assets such as index-linked gilts and long … More: continued here
Telegraph.co.uk Royal Mail leads the Government's great sell-offTelegraph.co.ukWhen the chief executive of Royal Mail first arrived in Britain to discuss taking on the new job she had one very simple request. Change the grotesque spider's web of regulation which tied up the business (every price increase or product change had to …Royal Mail: Brokers lined…
Moya Greene has done an excellent turnaround job. The Government should hurry up and give her a chance on the public markets . More: continued here
Daily Mail Royal Mail driver stole £230k of parcelsAol MoneyA Royal Mail driver has been jailed for stealing parcels worth almost £230,000. Paul Doughty, 57, from Devon Court, Liverpool, kept much of the cash in a range of bank accounts, as well as buying himself a timeshare in the Canary Islands, and a caravan.Royal Mail…
Metro Privatisation plans boosted by Royal Mail's£440m profitsMetroRoyal Mail profits have risen to £440million ahead of a possible stock market flotation later this year. The results for the year to March 31 are more than double the £152million in 2012 – when there was one less trading week. The state-owned company … More: continued here