LONDON, Jan 18 (Reuters) – Britain’s Royal Mail said on Wednesday it had begun moving limited volumes of export parcels as it trials “operational workarounds”, after a cyber incident severely disrupted its international export services last week. The postal company, part of International Distributions Services Plc (IDSI.L), said it had …
Read More »Ransomware group with links in Russia behind UK Royal Mail incident -Telegraph
LONDON, Jan 12 (Reuters) – A cyber incident that led to severe disruption to Royal Mail’s international export services was caused by Lockbit, a ransomware group that some cybersecurity experts say has members in Russia, Britain’s Telegraph newspaper reported. Royal Mail, one of the world’s largest post and parcel firms …
Read More »Royal Mail export services severely disrupted after ‘cyber incident’
LONDON, Jan 11 (Reuters) – Britain’s Royal Mail said on Wednesday it was facing severe disruption to its international export services following what it described as “a cyber incident”. “We are temporarily unable to despatch items to overseas destinations,” Royal Mail, one of the world’s largest post and parcel firms, …
Read More »October was worst month for UK strikes for more than a decade
LONDON, Dec 13 (Reuters) – The United Kingdom recorded the highest number of working days lost to labour disputes in October for more than ten years, official data showed on Tuesday, as employees went on strike to demand higher pay in the face of soaring inflation. The Office for National …
Read More »Britain’s Currys to avoid using Royal Mail ‘for now’ over strikes
LONDON, Dec 4 (Reuters) – British electricals retailer Currys (CURY.L) will not use Royal Mail as a delivery provider “for now” to reduce any impact from strike action, the company’s chief executive officer Alex Baldock said on Sunday. Speaking to the BBC’s Sunday with Laura Kuenssberg show, Baldock confirmed a …
Read More »COVID no longer excuse for Royal Mail to miss delivery targets – UK regulator
Dec 2 (Reuters) – Royal Mail had failed to meet its delivery targets for 2021-2022 due to the pandemic, Britain’s communications watchdog Ofcom concluded on Friday, but warned the post and parcel services company that it cannot use COVID as an excuse anymore. The regulator, which launched its probe in …
Read More »UK’s Royal Mail workers to strike in run-up to Christmas
LONDON, Nov 17 (Reuters) – Postal workers at Britain’s Royal Mail will strike for six days in the run-up to the busy Christmas period in a dispute over pay and conditions, their union said on Thursday. The workers will strike on Dec. 23 and 24, in addition to Dec. 9, …
Read More »UK’s Royal Mail and trade union extend talks aimed at averting strikes
LONDON, Nov 16 (Reuters) – Talks between Britain’s Royal Mail and the Communication Workers Union (CWU) aimed at averting strike action in the run-up to Christmas have been extended, the company said on Wednesday. The CWU, which represents more than 115,000 postal workers at Royal Mail, has said workers will …
Read More »UK will not take action over Czech mogul’s plan to raise Royal Mail stake
Oct 31 (Reuters) – Britain is no longer intervening in Czech billionaire Daniel Kretinsky’s plan to increase his stake in Royal Mail parent International Distributions Services (IDSI.L), sending the company’s shares up more than 7% on Monday. In August, Royal Mail said it had been notified by then business minister …
Read More »Wall Street bonuses to plunge 22% this year – NY state comptroller
NEW YORK, Oct 25 (Reuters) – Wall Street bonuses in 2022 are expected to fall 22% or more from last year’s bumper payouts, according to a report from New York State Comptroller Thomas DiNapoli, as tough economic conditions choked off demand for deals. Inflation, the war in Ukraine and rising …
Read More »