Hundreds of small businesses have accused the Royal Mail of mischarging them thousands of pounds a month in penalties after it installed faulty technology designed to catch fraudsters. Businesses across the country have contacted The Times after being incorrectly fined for failing to pay the right postage and being sent …
Read More »Royal Mail told workers may strike over alleged ‘fire and rehire’ plans | Royal Mail
Royal Mail is being warned it could be hit by strikes over plans to cut managers’ jobs. Unite said the company was aiming to sack nearly 1,000 managers and bring in lower rates of pay in another case of “fire and rehire”, which Royal Mail denies. The union is preparing …
Read More »CDC schemes could be extended to multi-employer funds, master trusts | News
Collective Defined Contribution (CDC) schemes should be extended to other types of pension scheme, such as multi-employer schemes and master trusts, said Guy Opperman, the UK’s Minister for Pensions yesterday at the Royal Society of Arts (RSA) CDC Forum. At the forum, the Minister highlighted how the regulations will come …
Read More »Andrew’s role at Philip’s service ‘didn’t happen by chance’ – royal commentator
The Duke of York’s prominent appearance at his father’s memorial service was the Queen’s way of showing that her second son still has a role to play at family occasions, according to a royal commentator. Andrew was front and centre of the high-profile occasion at Westminster Abbey on Tuesday, despite …
Read More »The Royal Mail share price has crashed 34%. Is it too cheap?
It’s been a painful couple of months for shareholders in Royal Mail Group (LSE: RMG). After riding high in early 2022, the Royal Mail share price has undergone a brutal slump. As a result, it’s now one of the worst performers in the FTSE 100 index this calendar year. Even …
Read More »eBay Previews Royal Mail Price Adjustments Coming in April on Letters and Parcels
Royal Mail announced new prices for letters and parcels that are going into effect on 4 April, headlined with 1st Class Stamps going up by 10p to 95p. But this price adjustment is also bringing new rates to Royal Mail parcel services which eBay sellers should review this week to …
Read More »DWP to consult on new types of CDC schemes late this year
Speaking yesterday (28 March) at a Royal Society of Arts (RSA) CDC forum, pensions and financial inclusion minister Guy Opperman said he was keen to “capitalise on the enthusiasm” around CDC. Regulations which came into play under the Pension Schemes Act 2021 provide for single and connected employer schemes, which …
Read More »Man declared ‘missing’ says: “I have been here all along, alive and well.”
A man is fighting to prove he exists after being WIPED from official records in an address change row. Frustrated Graeme Smith, from Paisley, has been left in limbo after a change in the format of his flat number led to issues with credit agencies and the electoral roll. But …
Read More »Stocks firmer as peace talks begin | Business
Renewed confidence that another round of peace talks may bring an end to the war in Ukraine gave London’s stock markets a lift this morning. The FTSE 100 added 93.26 points, or 1.3 per cent, to 7,566.13 and the more UK-focused FTSE 250 improved 240.24 points, or 1.1 per cent, …
Read More »Royal Mail PLC double-downgraded by Deutsche Bank Research on threat to volumes, pricing and margins
In the postal and logistics subsector, analysts said “weaker consumer demand could impact both parcel and express volumes, pricing and margins” Royal Mail PLC (LSE:RMG) was double-downgraded by Deutsche Bank Research over the indirect consequences of Russia’s invasion of Ukraine. “The outbreak of war in Ukraine has little direct impact for our logistics and …
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