Feb 6 (Reuters) – Postal workers at Britain’s Royal Mail called off a planned 24-hour strike over pay next week after receiving legal challenges by the company, the Communication Workers Union (CWU) said on Monday. Lawyers have advised that the union could defend its position in court, CWU said in …
Read More »UK’s Card Factory sees annual profit ahead of market expectations
Jan 10 (Reuters) – British greeting cards retailer Card Factory (CARDC.L) forecast annual core earnings ahead of market expectations on Tuesday as people rushed to its high-street stores to buy Christmas cards amid strikes at Royal Mail, which hurt online sales. The company expects full-year core earnings to be at …
Read More »Greeting card firm Moonpig cuts forecast as Royal Mail strikes hit orders
Dec 7 (Reuters) – British greeting card company Moonpig (MOONM.L) lowered its annual revenue forecast on Wednesday and reported lower first-half profit as its orders in September and October was hit by postal strikes at Royal Mail. Workers across Britain, including more than 115,000 Royal Mail postal workers, have taken …
Read More »COVID no longer excuse for Royal Mail to miss delivery targets – UK regulator
Dec 2 (Reuters) – Royal Mail had failed to meet its delivery targets for 2021-2022 due to the pandemic, Britain’s communications watchdog Ofcom concluded on Friday, but warned the post and parcel services company that it cannot use COVID as an excuse anymore. The regulator, which launched its probe in …
Read More »Wall Street bonuses to plunge 22% this year – NY state comptroller
NEW YORK, Oct 25 (Reuters) – Wall Street bonuses in 2022 are expected to fall 22% or more from last year’s bumper payouts, according to a report from New York State Comptroller Thomas DiNapoli, as tough economic conditions choked off demand for deals. Inflation, the war in Ukraine and rising …
Read More »Royal Mail, union agree on talks over pay through arbitration
Oct 24 (Reuters) – Britain’s Royal Mail and its largest labour union have agreed to engage in talks through the Advisory, Conciliation and Arbitration Service (Acas) to resolve their ongoing dispute over pay, the postal service’s parent company said on Monday. International Distributions Services (IDSI.L) said the opening session for …
Read More »Royal Mail denies talks over potential sale
A Royal Mail postal van is parked outside homes in Maybury near Woking in southern England March 25, 2014. REUTERS/Luke MacGregor Register now for FREE unlimited access to Reuters.com Register Sept 8 (Reuters) – Britain’s Royal Mail (RMG.L) said on Thursday it was not involved in talks with a private-equity …
Read More »UK spy chief says Putin is losing information war in Ukraine -The Economist
GCHQ Director Jeremy Fleming delivers a speech as he meets with Britain’s Queen Elizabeth during her visit at the Watergate House to mark the centenary of the GCHQ (Government Communications Head Quarters) in London, Britain, February 14, 2019. REUTERS/Hannah McKay/Pool Register now for FREE unlimited access to Reuters.com Register Aug …
Read More »Royal Mail says UK business losing one million pounds a day amid union clash
A Royal Mail delivery vehicle drives along a road near Mount Pleasant, in London, Britain, June 25, 2020. REUTERS/John Sibley Register now for FREE unlimited access to Reuters.com Register Shares down 2% Holding company to be renamed International Distributions Services Plc Executives say ready to talk over pay July 20 …
Read More »Royal Mail urges UK regulator to rethink no-parcel-tracking rule
The logo of Royal Mail is seen outside the Mount Pleasant Sorting Office as a delivery vehicle arrives, in London, Britain, June 25, 2020. REUTERS/John Sibley/ Register now for FREE unlimited access to Reuters.com Register July 18 (Reuters) – UK’s Royal Mail (RMG.L) on Monday urged regulator Ofcom to reconsider …
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