By Rachel Armstrong, Abhinav Ramnarayan FILE PHOTO: A deliveroo delivery driver cycles through the centre of Manchester, Britain, March 8, 2021. REUTERS/Phil Noble LONDON (Reuters) – Deliveroo said on Monday that it plans to sell around 1 billion pounds ($1.39 billion) of new shares in its upcoming initial public offering …
Read More »
* Royal Mail raises annual revenue estimate * Shares up 7% at near two-year high * H1 above initial expectations in many areas (Adds background on restructuring, labour dispute, shares) Nov 19 (Reuters) – Royal Mail raised its full-year revenue outlook on Thursday, as it benefited from a surge in …
Read More »
By Abhinav Ramnarayan, Sinead Cruise LONDON (Reuters) – The Hut Group’s THG.L shares soared 30% in the company’s first day of trading on Wednesday after batting away corporate governance concerns to seal its 5.4 billion pound ($6.99 billion) listing, one of London’s largest tech IPOs to date. FILE PHOTO: The …
Read More »
(Reuters) – E-commerce retailer The Hut Group plans a London initial public offering that would value it at around 4.5 billion pounds ($5.95 billion), potentially the biggest listing of a British company since 2013, as it seeks to tap investor appetite for the online sector. FILE PHOTO: People walk past …
Read More »
* Parcel volume up 38%, letters drop 33% * Says restructuring plans underway * Reiterates outlook for 2020-21 (Rewrites throughout, adds detail, shares) By Yadarisa Shabong and Pushkala Aripaka July 21 (Reuters) – Britain’s Royal Mail said its parcel shipments rose 38% in April-June as lockdowns drove a surge in …
Read More »
* Talks to focus on 5 key areas including operational change * CWU welcomes Royal Mail’s statement * Talks come after former CEO Rico Back resigned (Adds CWU comments) By Yadarisa Shabong July 1 (Reuters) – Royal Mail and its largest labour union have agreed to start talks to settle …
Read More »
(Adds details on proposal, background, share move) Feb 20 (Reuters) – Britain’s Royal Mail has proposed a 6% pay rise as part of a three-year deal with the Communication Workers Union (CWU), as the former postal monopoly looks to appease its largest union following threats of another strike ballot. Shares …
Read More »
FILE PHOTO: A Royal Mail postal worker stands in the yard of a sorting office in Altrincham, Britain October 12, 2017. REUTERS/Phil Noble/File Photo (Reuters) – Britain’s Royal Mail (RMG.L) on Thursday confirmed that its biggest union lost an appeal to overturn a High Court injunction to stop a strike …
Read More »