Royal Mail has unveiled plans to cut 700 managerial positions as part of a restructuring exercise that will deliver an annualized benefit of around £40m (US$54m), with around £30m (US$40m) coming in FY 2022-23. ‘) } // –> The company said that it was looking to streamline operational management to …
Read More »This week I have not been “ambushed” by cake, and neither has Rishi Sunak “accidentally” attended a party I was having. But what I wish I was ambushed by, accidentally or otherwise, is my post. I have only lately received a Tracked 48 package that took five weeks to arrive. …
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The Royal Mail, like many other key services, has been hit hard by staff shortages this month. The postal service has said that both Covid-related self-isolation and high numbers of workers off sick are affecting delivery times. A statement on the Royal Mail site reads: “Deliveries are operating as normal …
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No recommendation No news or research item is a personal recommendation to deal. All investments can fall as well as rise in value so you could get back less than you invest. Third quarter revenue fell 2.4% to £3.6bn compared to last year, and was up 17.1% on 2019. That …
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The FTSE 100 closed up 1.1% on Tuesday despite a few wobbles, managing to cling on to most of its rebound from yesterday. Signs of a recovery in metals and oil have boosted the relevant sectors of the index, while higher yields have done their bit to lift bank stocks …
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Royal Mail is due to cut 700 management jobs, it has been announced. This comes when families across Yorkshire have been waiting weeks for urgent letters due to staff shortages exacerbated by a combination of Christmas, Covid staff absences and a commercial decision to prioritise parcels and packets. Sign up …
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The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Royal Mail to axe 700 jobs in overhaul that will hit profits. https://on.ft.com/3u0PGh0 Temasek buys UK testing group Element in $7 bln deal. https://on.ft.com/3o0OnLc UK banks …
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Royal Mail Group has provided further information on its transformation programme in the UK and updating on Group trading for the third quarter, October to December 2021, and the nine months ended December 2021. The company stated: “We are engaging with our unions on the proposals, which we expect will …
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Royal Mail plc (LON:RMG) has earned an average rating of “Buy” from the eleven analysts that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokers …
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The 1,500 redundancies at Marmite makers Unilever will see 15 percent and five percent of its senior and junior managers respectively lose their jobs. Workers on the consumer goods giant’s factory floors are not expected to be affected. The job losses are part of a wider restructuring which will see …
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