An end could be in sight to the long-running dispute at Royal Mail. Over the weekend the Communication Workers Union (CWU) announced that it had reached a “negotiators agreement” with Royal Mail Group, after nearly a year of strife between its members and the postal operator. The CWU said …
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Talks between Royal Mail management and the CWU have concluded without an agreement being reached – and predictably there’s also a disagreement about the lack of an agreement. The Communication Workers Union issued an update this morning (5 April), stating that the latest talks with Royal Mail had ended …
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International Distributions Services plc (OTCMKTS:ROYMY – Get Rating) has been given a consensus rating of “Hold” by the ten brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy …
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Royal Mail parent International Distributions Services has put a £200m price tag on the cost of last year’s strike action, and said that asset sales will be required to support cashflow at the postal operator. In a trading update for the nine months to 31 December 2022, IDS said …
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Embattled Royal Mail boss Simon Thompson has been recalled to the BEIS committee of MPs over the apparently inaccurate information he gave last week – just as CWU members are re-balloting on further industrial action and a cyber attack continues to disrupt its export parcels business. Earlier this week, …
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Photo by Oli Scarff/Getty Images Getty Images International Distributions Services — or the stock formerly known as Royal Mail — slashed its earnings forecasts for the year on Friday. This sent shares in the business tumbling 12% to 184.2p. During the six months to September the company made an adjusted …
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