Royal Mail on Monday said it had exchanged contracts to sell the last three remaining plots on its Nine Elms Park site to London Square for £111.2m. Profits from the sale would be used in line with Royal Mail’s capital allocation policy, with around £35m to be reinvested into the …
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Royal Mail said it expected a rise in first half profits despite rising costs as the pandemic-driven boom in parcel delivery from online shopping continued to drive revenue growth. The letter and parcel carrier said revenues climbed 8.2% to £5.1bn in the five months to August. It added that it …
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It was a grim day for the UK retail sector as beleaguered department store chain Debenhams was set to be liquidated following failed rescue talks with JD Sports, just hours after Philip Green’s Arcadia retail group went into administration. Debenhams said on Tuesday that it will continue to trade through …
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Wildwood restaurant chain owner Tasty said on Tuesday it would open around 86% of its estate this month having cut its workforce by more than 30%, as it considered an equity raising and warned of a “challenging” market. The firm said it remained “extremely cautious” regarding trading in September and …
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Royal Mail staff voted overwhelmingly in favour of going on their first strike in a decade. Over 97% of votes by members of the Communication Workers Union backed a strike. The turnout was 76% (around 110,000 UK postal workers). The result was the largest yes vote for national industrial action …
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Royal Mail said on Thursday that its first-quarter performance was in line with its expectations as it backed its outlook for 2019-20. In a brief statement ahead of its annual general meeting, the company said: “All other targets and ambitions as set out in our financial results for the full …
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