Royal Mail owner International Distributions Systems swung to a half-year loss, blaming weak parcel volumes and strikes at the UK postal carrier, and also axed its interim dividend. Reported pre-tax losses came in at £127m, compared with a profit of £315m a year earlier. The company also said it would …
Read More »Sunday newspaper round-up: Business rates, Morrisons, Royal Mail
The Chancellor will most likely not include business rates relief in his autumn statement this week. Insiders in the government have signalled that Jeremy Hunt will not give into calls to delay the uprating of business rates nor to extend relief from the tax. They are set to rise in …
Read More »Royal Mail to hold 19 days of strike action – Sharecast.com
Employees at Royal Mail will hold 19 days of strike action over both pay and terms and conditions during the peak build-up to Christmas time. Source link
Read More »Royal Mail looking to take union talks to arbitration – Sharecast.com
Royal Mail said on Thursday that it wants to take talks with the Communication Workers Union to arbitration, having failed to make any progress … Source link
Read More »FedEx withdraws guidance, takes Royal Mail down with it
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Read More »Sunday newspaper round-up: Sky-high electricity prices, Royal Mail, Olaf Scholz
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 »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 »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 …
Read More »Sunday newspaper round-up: Biden, Beer, Royal Mail
The White House clarified comments from Joe Biden who earlier had called for Russian President Vladimir Putin’s ouster. In a speech delivered in Poland, Biden said: ““For God’s sake, this man cannot remain in power.” A spokesman for the White soon after stated that US leader was not talking about …
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