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 …
Read More »Royal Mail FY 2022 Revenue Seen Rising While Profit Slips — Earnings Preview
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 …
Read More »Seething residents of UK town demand manhunt after MORE postboxes painted green as mystery thickens
Furious residents of a UK town have demanded a police manhunt to catch whoever is painting its postboxes green. West Yorkshire Police have launched an investigation after residents complained about “vandalism of the Queen’s property” in several locations across Huddersfield in recent days. Police were called in on Saturday after …
Read More »Go-Ahead Group Appoints Sarah Mussenden CFO
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 …
Read More »UK Regulator Proposes New Protections for Parcel Customers
By Kyle Morris A U.K. regulator said Thursday that it is proposing new protections for people sending and receiving parcels. The Office of Communications plans to improve how delivery firms handle complaints, introduce new rules to ensure the fair treatment of disabled people and introduce regulatory certainty to allow Royal …
Read More »Postman boycotts ‘rude’ house which accused him of pretending to try to deliver parcels
A family have found themselves on a naughty list this Christmas, after leaving a “rude” note for their postman, accusing him of pretending to attempt to deliver their parcels. Postman Dave, whose name has been changed for his privacy, found a handwritten note on the front door of one of …
Read More »Royal Mail, Persimmon buck otherwise weak FTSE 100
The U.K.’s postal delivery service was outshining the FTSE 100 index on Thursday, after Royal Mail reported better-than-expected results, with home builders also rising, though energy companies were tugging at the downside as oil prices fell. The FTSE 100 index UKX, -0.48% dipped 0.2% to 7,629, losing around 1% for …
Read More »Royal Mail Revenue Grew 8.2% 5-Mos Year-on-Year
By Jaime Llinares Taboada Royal Mail PLC said Thursday that its adjusted operating profit for the first half ending Sept. 30 is expected to be between 395 million and 400 million pounds ($537.9 million-$544.7 million). The company said that both the adjusted operating profit and margin of its Royal Mail …
Read More »Royal Mail gets more revenue from parcels than letters for first time | Business
Royal Mail’s revenue from parcels has overtaken its revenue from letters for the first time as online shopping has surged during Covid-19 restrictions. Parcel deliveries accounted for 60% of the company’s revenue, up from 47% before the pandemic. The postal service’s revenue grew by 5% year on year in the …
Read More »US Postal Service workers, privatization, and the defense of democratic rights
Employing over 600,000 workers and handling 48 percent of the world’s mail volume, the United States Postal Service (USPS) is the world’s largest mail carrier service. In the context of the COVID-19 pandemic, postal workers join all logistics workers in playing an ever more “essential” role, as they deliver food, …
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