[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] Royal Mail has today become the latest major company to pull forward its net zero emissions target date, pledging to reach the goal by 2040, a full 10 years earlier than its previous target. The new target date provides the centrepiece of a wide-ranging update to the company’s environmental strategy, which also includes new…
[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] By Joe Hoppe Royal Mail PLC is scheduled to report results for fiscal 2022 on Thursday. Here’s what you need to know: REVENUE FORECAST: The U.K. postal company is expected to report revenue for the year ended March 27 of around 12.83 billion pounds ($16.03 billion) according to a consensus of 12 analysts taken…
[ad_1] By Anthony O. Goriainoff Go-Ahead Group PLC said Wednesday that Sarah Mussenden has been appointed chief financial officer effective May 9, and that interim CFO Gordon Boyd will remain in the role until the end of March. The U.K. public-transport operator said Ms. Mussenden has extensive experience across a number of sectors, including her…
[ad_1] Britain’s aviation minister has heard how East Midlands Airport is forecasting another record-breaking year for air cargo thanks to online shopping and the current challenges of moving goods by sea. Robert Courts MP visited the Castle Donington cargo operation at the busiest time of year in the run-up to Christmas. The airport estimates that…
[ad_1] A successful trial of new routing software has enabled Royal Mail to use fewer vans to make parcel deliveries in Manchester, delivering significant reductions in emissions, congestion, and air pollution. The postal service today announced the results of a partnership with auto giant Ford to trial the motor company’s Mode:Link software to try and…