The 507-year-old Royal Mail, which was privatised in 2013, is in the middle of a crisis after losing millions of pounds due to staff strikes in a long-running row over pay and conditions. The company now expects an adjusted operating loss near the mid-point of its previous forecast range of …
Read More »Britain’s Currys to avoid using Royal Mail ‘for now’ over strikes
Speaking to the BBC’s Sunday with Laura Kuenssberg show, Baldock confirmed a report by the Telegraph newspaper that his company would not use the post and parcel company as a temporary measure. Asked whether the report was true, Baldock said: “For now, yes. Obviously our first responsibility is to the …
Read More »Royal Mail : launches feature for posties to capture photos on delivery
Royal Mail is rolling out a new feature across the UK, offering photos taken by posties at the delivery address as confirmation of delivery for its customers using Royal Mail Tracked services*. The feature will give Royal Mail’s sending and receiving customers increased visibility of how and where mail is …
Read More »UK shares slide as inflation, Omicron risks grow
The benchmark FTSE 100 index declined 0.5% in morning trade, diverging from its Asian peers, while the domestically focussed mid-cap index fell 0.7%. Bank of England (BoE) Governor Andrew Bailey said on Wednesday that the economic impact from COVID-19 still remains strong, while noting the inflationary pressure from supply chain …
Read More »Savills : Quadrant and Aimco announce joint venture to bring forward £150m redevelopment of former Royal Mail site, Nine Elms
Royal Mail went under offer to sell the slice of its former depot in Nine Elms – known as Plot A – last July, when Quadrant secured the deal ahead of rival bids from the likes of MiddleCap, among other investors. The transaction is Royal Mail’s latest sale on the …
Read More »Brexit tensions weigh on Europe, tech stocks slide
* UK ramps up no-deal preparations as EU trade talks stall * German exports rise in July but remain below pre-crisis levels * Technology leads sectoral declines, defensives rise * French electricity giant EDF sinks as output falls Sept 8 (Reuters) – European shares fell on Tuesday on fears that …
Read More »UK stocks slip as virus fears quell risk appetite
The FTSE 100 slipped 0.4% and marked its second consecutive week in the red after an uptick in new cases of the virus in China and South Korea hit stocks more exposed to commodity prices, including oil majors and miners <.FTNMX1770>. “Perhaps the reality of the situation is starting to …
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