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Tag Archives: Category:News and Announcements

Royal Mail workers call off strike action

Planned strikes by staff at Royal Mail over the next two weeks have been abandoned following a challenge by the firm. The Communication Workers Union, which represents much of Royal Mail’s staff, said on Monday that it had chosen to withdraw industrial action notices over the next two weeks on …

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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 …

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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 …

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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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Greencoat to acquire four French wind farms

Greencoat Renewables has agreed to acquire a 65MW portfolio of operating wind farms in France from Switzerland’s largest renewable energy generator Axpo, it announced on Tuesday. The AIM-traded firm said the acquisition comprised four wind farms, all of which benefited from long-term contracts with the French government. It said the …

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Chariot inks hydrogen import deal with Port of Rotterdam

Chariot has signed a memorandum of understanding with the Port of Rotterdam, it announced on Wednesday, as part of its planned green hydrogen project in Mauritania. The AIM-traded firm said the memorandum was a “first step” towards establishing supply chains to import green hydrogen and ammonia to meet expected demand …

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Xaar on track for profitable growth as results improve

Xaar said it was on track to return to profitable growth after the inkjet printer head group’s adjusted annual loss narrowed sharply. The adjusted pretax loss for the year to the end of December from continuing operations shrank to £0.6m from £3.9m a year earlier as revenue rose 23% to …

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Royal Mail sells last 3 Nine Elm plots for £112m

Royal Mail on Monday said it had exchanged contracts to sell the last three remaining plots on its Nine Elms Park site to London Square for £111.2m. Profits from the sale would be used in line with Royal Mail’s capital allocation policy, with around £35m to be reinvested into the …

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