[ad_1] By Joe Hoppe International Distribution Services said Thursday that it has appointed Martin Seidenberg as chief executive officer, effective from August, and its first-quarter group revenue rose 0.3% on year. The postal service and courier company–formerly Royal Mail–said Seidenberg will be appointing CEOs for Royal Mail and GLS in due course. Seidenberg has held…
[ad_1] By Ian Walker International Distribution Services said Monday that its Royal Mail unit has won a five-year contract with HM Passport office to collect and deliver passports and other documents, including U.K. Visas and Immigration travel documents. The London-listed company said that it has already started delivering some documents on behalf of the passport…
[ad_1] By Ian Walker Card Factory PLC said Tuesday that sales for the 11 months ended Dec. 31 were 28% higher than the same period of the previous year as it benefited from customers returning to the high street, although online sales were hurt by postal strikes as well as the return to stores. The…
[ad_1] By Jaime Llinares Taboada Royal Mail PLC warned on Wednesday that it expects to be materially lossmaking in fiscal 2023 if a proposed strike action takes place. The Communication Workers Union, or CWU, has told the company that it intends to call upon its members to take strike action for 24 hours on Aug….
[ad_1] By Kyle Morris Royal Mail PLC said Wednesday that it will consider the separation of its namesake Royal Mail business and GLS if it can’t achieve significant operational change at Royal Mail in the U.K. The British letter-and-parcel courier said it will rename the holding company to International Distributions Services PLC to reflect the…
[ad_1] By Kyle Morris Royal Mail PLC said Wednesday that its fiscal first-quarter group revenue fell 11.5% on year and that it was committed to reaching an agreement with a union after a ballot on strike action on Tuesday. The British letter-and-parcel courier said revenue for the three months ended June 30 was 3.00 billion…
[ad_1] U.K. stocks fell Wednesday, as the FTSE 100 Index UKX, -0.08% closed at 7,593.00. Of the FTSE 100 constituents, air freight company Royal Mail PLC RMG, -5.17% saw the largest decrease Wednesday, as shares shed 5.17% Shares of investment advisors firms Schroders PLC SDR, -3.23% abrdn PLC ABDN, -2.48% dropped 3.23% and 2.48%, respectively….
[ad_1] By Joe Hoppe ITV PLC and Royal Mail PLC are set to drop out of the FTSE 100 index in the quarterly reshuffle and Centrica PLC, which owns British Gas, and Unite Group PLC, the student accommodation provider, are set to be promoted from the midcap FTSE 250 to London’s leading share index, FTSE…
[ad_1] U.K. stocks climbed Friday, as the FTSE 100 Index UKX, +0.27% closed up 0.27% at 7,585.46. Of the FTSE 100 constituents, closed-end funds company Scottish Mortgage Investment Trust PLC SMT, +6.57% saw the largest increase Friday, as shares increased 6.57%. Shares of food retail firm Ocado Group PLC OCDO, +5.01% and general mining company…
[ad_1] U.K. stocks finished up Monday, with the FTSE 100 Index UKX, +1.67% rising 1.67% at 7,513.44. Among FTSE 100 constituents, air freight company Royal Mail PLC RMG, +5.26% saw the largest increase Monday, as shares rallied 5.26%. Shares of investment advisors firm M&G PLC MNG, +4.79% and investment advisors company Intermediate Capital Group PLC…