Communication Workers Union (CWU) leaders Dave Ward and Andy Furey have publicly welcomed Martin Seidenberg as Group CEO of International Distribution Services, the parent company of Royal Mail. Less than two weeks after the CWU ended the year-long Royal Mail dispute, pushing through acceptance of their pro-company Business Recovery Transformation …
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It is thirteen years since pensions-fund expert John Ralfe described Royal Mail as a hedge fund that delivers letters. That was before privatisation and was Ralfe’s warning about Royal Mail’s secret decision to invest £5.13 billion of workers’ pension funds into the futures market—a high-stakes gamble that risked financial ruin for …
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R oyal Mail is expected to show a major fall in its profits in the first six months of the financial year, as the company prepares for what promises to be its busiest Christmas on record. The company’s adjusted operating profit is expected to reach around £9 million, according to …
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