[ad_1] Postal service Royal Mail said on Wednesday that revenues had sunk 11.5% year-on-year during the first quarter of its trading year, reflecting weakening retail trends, lower test kit volumes, and a return to a structural decline in letters. Royal Mail stated it had delivered an adjusted operating loss of £92.0m due to the “inflexibility”…
[ad_1] Royal Mail said it could split itself up as it unveiled losses of £1mn a day and a name change of its holding company to International Distributions Services. The postal provider on Wednesday warned that the board would consider the separation of its two brands — GLS and Royal Mail — if “significant operational…
[ad_1] By Kyle Morris Royal Mail PLC said Wednesday that its fiscal first-quarter group revenue fell 11.5% on year and that it was committed to reaching an agreement with a union after a ballot on strike action on Tuesday. The British letter-and-parcel courier said revenue for the three months ended June 30 was 3.00 billion…
[ad_1] REFRESH PAGE FOR UPDATES 7.10am: Inflation rises Inflation in June jumped to 9.4%, its highest level since February 1982, from 9.1% in May. Food inflation is running at 9.8%. Grant Fitzner, chief economist at the ONS, said: ‘The increase was driven by rising fuel and food prices, these were only slightly offset by falling…
[ad_1] Is 1st class post really quicker than 2nd? We put Royal Mail to the test CalendarAn icon of a desk calendar.CancelAn icon of a circle with a diagonal line across.CaretAn icon of a block arrow pointing to the right.EmailAn icon of a paper envelope.FacebookAn icon of the Facebook “f” mark.GoogleAn icon of the Google…
[ad_1] The Communication Workers Union (CWU) said 97.6% of members who voted in the ballot backed strike action in a dispute over pay The strike could severely impact postal and parcel deliveries ( Image: Getty Images) Postal workers have overwhelmingly voted in favour of strike action in a dispute over pay. The Communication Workers Union…
[ad_1] Thousands of postal workers at Royal Mail have voted in favour of taking strike action following a pay dispute. More than 115,000 workers in the Communication Workers Union (CWC) – around 96.7% of the vote – balloted in favour of industrial action from a 77pc turnout. Members have been balloting for three weeks after…
[ad_1] More than 115,000 Royal Mail workers have overwhelmingly voted for industrial action, marking the biggest strike of Britain’s “summer of discontent”. Some 97.6pc of workers voted to walk out in a row over pay and working conditions. Turnout for the ballot was 77pc. Union barons were accused of refusing to enter into talks to…
[ad_1] R oyal Mail workers have voted overwhelmingly to strike in a dispute over pay, the Communication Workers Union have announced. A ballot of union members showed huge support for industrial action in protest at a 2% pay offer. A total of 97.6%, of those who voted, backed strikes, on a turnout of 77%. The…
[ad_1] Royal Mail has urged the UK regulator Ofcom (The office of communications) to rethink its latest decision that tracking for post and packages would not be allowed under the Universal Service Obligations (USO) rule. The Universal Service Obligations rule outlines the minimum standards that everyone in the UK should be entitled to as far…