Tag Archives: Company News

Oct 21 (Reuters) – Royal Mail Plc, one of the world’s oldest postal companies, on Wednesday launched a new parcel pick-up service across Britain, in a move that would enable postmen and postwomen to collect and deliver parcels on their daily rounds. Reporting by Yadarisa Shabong in Bengaluru; Editing by …

By Abhinav Ramnarayan, Sinead Cruise LONDON (Reuters) – The Hut Group’s THG.L shares soared 30% in the company’s first day of trading on Wednesday after batting away corporate governance concerns to seal its 5.4 billion pound ($6.99 billion) listing, one of London’s largest tech IPOs to date. FILE PHOTO: The …

(Reuters) – European shares fell on Tuesday on fears that Britain was in danger of leaving the European Union without a trade agreement, with energy firms and technology stocks among the biggest decliners. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, …

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/Files (Reuters) – Royal Mail on Tuesday raised its revenue target for the current year, driven by a jump in online shopping parcel volumes, but …

(Adds futures, news items) Sept 8 (Reuters) – Britain’s FTSE 100 index is seen opening 5 points higher at 5,942 on Tuesday, according to financial bookmakers, with futures seen up 0.4% ahead of cash market open. * ROYAL MAIL: Royal Mail raised its revenue target for the current year, driven …

LONDON (Reuters) – E-commerce firm The Hut Group confirmed its intention to float on the London Stock Exchange on Thursday, in potentially the biggest listing of a British company since 2013 and the first major London listing since the COVID-19 crisis. The 920 million pound ($1.22 billion) float would value …

(Reuters) – E-commerce retailer The Hut Group plans a London initial public offering that would value it at around 4.5 billion pounds ($5.95 billion), potentially the biggest listing of a British company since 2013, as it seeks to tap investor appetite for the online sector. FILE PHOTO: People walk past …

* Parcel volume up 38%, letters drop 33% * Says restructuring plans underway * Reiterates outlook for 2020-21 (Rewrites throughout, adds detail, shares) By Yadarisa Shabong and Pushkala Aripaka July 21 (Reuters) – Britain’s Royal Mail said its parcel shipments rose 38% in April-June as lockdowns drove a surge in …

(Adds details on volumes, context) July 21 (Reuters) – Britain’s Royal Mail said on Tuesday it had shipped 117 million more parcels in the June-ended quarter than last year, as people and businesses shifted to online sales during the coronavirus-led lockdown. The company has had a turbulent few years with …

July 1 (Reuters) – Britain’s Royal Mail and its largest labour union have agreed to start talks to resolve an ongoing dispute over a range of issues including pay and operational changes, the former postal monopoly said on Wednesday. The talks with the Communication Workers Union (CWU) will also focus …