A woman wearing a face mask leaves a Sainsbury’s supermarket, amid the coronavirus disease (COVID-19) outbreak, in London, Britain January 12, 2021. LONDON (Reuters Breakingviews) – Daniel Kretinsky seems to be hoping that supermarkets’ pandemic boost will endure. The Czech billionaire has raised his stake in UK grocer J Sainsbury …
Read More »UPDATE 2-Royal Mail raises revenue estimate as online shopping surges
* Royal Mail raises annual revenue estimate * Shares up 7% at near two-year high * H1 above initial expectations in many areas (Adds background on restructuring, labour dispute, shares) Nov 19 (Reuters) – Royal Mail raised its full-year revenue outlook on Thursday, as it benefited from a surge in …
Read More »PRESS DIGEST-British Business – Oct. 26
Oct 26 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times – UK special forces troopers stormed an oil tanker off the Isle of Wight on Sunday night and …
Read More »Royal Mail launches new parcel pick-up service across Britain
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 …
Read More »UPDATE 1-UK Stocks-Factors to watch on Sept 8
(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 …
Read More »UPDATE 2-UK’s Royal Mail ships more parcels, fewer letters during lockdown
* 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 …
Read More »UPDATE 1-Royal Mail ships more parcels as sales move online in lockdown
(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 …
Read More »UK Stocks-Factors to watch on July 2
July 2 (Reuters) - Britain's FTSE 100 index is seen opening 30 points higher on Thursday, according to financial bookmakers. * ROYAL MAIL: Royal Mail and its largest labour union have agreed to start talks to settle a long-running dispute over pay and operational changes, the former British postal monopoly …
Read More »UPDATE 2-Royal Mail to kick off labour talks with union in bid to reconcile
* Talks to focus on 5 key areas including operational change * CWU welcomes Royal Mail’s statement * Talks come after former CEO Rico Back resigned (Adds CWU comments) By Yadarisa Shabong July 1 (Reuters) – Royal Mail and its largest labour union have agreed to start talks to settle …
Read More »PRESS DIGEST-British Business – June 26
June 26 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times – Huawei has won planning permission to build a new research hub in Cambridgeshire and announced it will …
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