Royal Mail is facing a summer of discontent as its union demands with a potential price tag of £1bn, even as it calls for shorter working weeks … Source link
Read More »Sunday newspaper round-up: Sky-high electricity prices, Royal Mail, Olaf Scholz
Thursday newspaper round-up: Royal Mail, Merlin Entertainments, PwC – Sharecast.com
Thursday newspaper round-up: Royal Mail, Merlin Entertainments, PwC. noticias. More than 23 million people in the UK used virtually no cash last … Source link
Read More »London open: Stocks fall amid earnings barrage, despite more dovish Fed
London stocks were a little weaker in early trade on Thursday, unable to hold on to opening gains despite a less hawkish stance from the US Federal Reserve, amid a barrage of corporate news. At 0925 BST, the FTSE 100 was down 0.3% at 7,323.74. Overnight, the FOMC raised the …
Read More »Berenberg lowers target price on Royal Mail
Analysts at Berenberg lowered their target price on postal service operator Royal Mail from 575.0p to 480.0p on Thursday but reiterated their ‘buy’ rating on the stock. Berenberg said weaker parcel numbers and poor employee relations had hampered cost reductions for Royal Mail, leading the company to reduce its group …
Read More »Royal Mail Q1 revenues slump 11.5%
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 …
Read More »Post Office workers stage first 24-hour strike
Around 1,500 Post Office workers walked off the job on Monday, in the first 24-hour strike over pay at the state-owned company. Members of the Communication Workers Union (CWU) at Crown post offices were taking part in the action on Monday, after the company offered a 3% pay rise for …
Read More »Thursday newspaper round-up: Business start-up funding, food prices, Royal Mail
Labour has launched a review of business startup funding driven by a group of industry leaders including the former Goldman Sachs chief economist and Conservative Treasury minister Jim O’Neill as it attempts to improve its credentials with business. Announcing the review amid concern over the strength of the British economy, …
Read More »Director dealings: Senior board member buys £26k of Kingfisher shares
B&Q owner Kingfisher was on the list of buys on Wednesday, after its senior independent director spent more than £26k on shares. The FTSE 100 retailer said Catherine Bradley bought 10,000 shares in an open market transaction on Tuesday. Bradley paid 261.7p for each share, spending a total of £26,170 …
Read More »London midday: Stocks turn red after disappointing manufacturing data
At 1200 BST, the FTSE 100 was down 0.41% at 7,576.27, and the FTSE 250 was 0.09% weaker at 20,400.68. “Weak trading in the US may have seen the FTSE 100’s advance stall on Tuesday but the index was doing its best to eke out gains ahead of the Royal …
Read More »Ofcom to probe Royal Mail over delivery target failures
Communications watchdog Ofcom has launched an investigation into postal service and courier company Royal Mail‘s failure to meet its delivery targets over the last twelve months. According to Ofcom rules, Royal Mail must deliver 93% of first class mail within one working day of collection and 98.5% of second class …
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