Tag Archives: Markets

Mitie has supported Royal Mail Group in delivering significant energy savings of over 16.69 (GWh) – equivalent to the annual usage of 1,100 UK homes – in just 12 months. This is the first year of a five-year partnership which is designed to help Royal Mail Group achieve energy savings …

Royal Mail has today opened its new state-of-the-art Midlands Super Hub, marking the event with a ribbon cutting ceremony, a special performance and a visit by the local member of parliament. Located in Daventry, Northamptonshire, the 53-acre site – the equivalent of 30 football pitches – takes its place as …

(Alliance News) – The price of a second class stamp is set to be pegged to inflation until at least 2029, the UK communications regulator has said in efforts to keep letter-sending affordable. But Ofcom said it wants to scrap the current price cap on parcel services. Under new proposals, …

The Scottish private sector has reported a deepening contraction in private sector output during November. The latest Royal Bank of Scotland Business Activity Index ticked down from 45.8 in October to 43.9 in November, signalling that fastest decrease in the current series of reduction that began in August. The index …

LONDON – Strikers from the CWU Trade Union attend the picket line at Peckham Royal Mail centre on November 24, 2022 in London, England. Strikes planned for the Black Friday weekend and the run-up to Christmas will go ahead after talks between Royal Mail and the Communication Workers Union ended …

Daily Mail chief executive Paul Zwillenberg is stepping down from the company as proprietor Lord Rothermere shores up control after a take-private deal earlier this year. Mr Zwillenberg will step down as chief executive and board director of Daily Mail and General Trust (DMGT) at the end of September after …

The British pound has dropped below $1.14 for the first time since 1985 as a combination of dollar strength and recession warnings weighed on the U.K.’s currency. Sterling fell as low as $1.135 at 8:50 a.m. London before rising slightly to $1.1378, marking a fresh 37-year low. It followed the …

Royal Mail falls 7.2% Royal Mail fell 7.2% in afternoon trade following a second day of strikes by U.K. postal workers. Shares of the former state postal monopoly fell close to the bottom of the Stoxx 600 after the second day of walkouts over pay. Royal Mail staff are planning …

LONDON, AUGUST 26: Striking postal workers on the picket line in Whitechapel on August 26, 2022 in London, UK. More than 100,000 postal workers walk out across the country today in a dispute over pay. Photo by Guy Smallman/Getty Images LONDON — Postal workers across the U.K. went on strike …

Royal Mail is facing a national security investigation as a billionaire investor known as the “Czech sphinx” prepares to take control of more than a quarter of the business. Kwasi Kwarteng, the Business Secretary, has told the company that he “reasonably expects” Daniel Kretinsky to increase his shareholding to more …