Dec 2 (Reuters) – Royal Mail had failed to meet its delivery targets for 2021-2022 due to the pandemic, Britain’s communications watchdog Ofcom concluded on Friday, but warned the post and parcel services company that it cannot use COVID as an excuse anymore. The regulator, which launched its probe in …
Read More »UK’s Royal Mail workers to strike in run-up to Christmas
LONDON, Nov 17 (Reuters) – Postal workers at Britain’s Royal Mail will strike for six days in the run-up to the busy Christmas period in a dispute over pay and conditions, their union said on Thursday. The workers will strike on Dec. 23 and 24, in addition to Dec. 9, …
Read More »UK’s Royal Mail and trade union extend talks aimed at averting strikes
LONDON, Nov 16 (Reuters) – Talks between Britain’s Royal Mail and the Communication Workers Union (CWU) aimed at averting strike action in the run-up to Christmas have been extended, the company said on Wednesday. The CWU, which represents more than 115,000 postal workers at Royal Mail, has said workers will …
Read More »Royal Mail’s largest labour union rejects new conditional pay offer
New pay offer includes a 7% salary hike over two years Conditions for hike include changes to Sunday working CWU says it would vote to take further strike action Oct 31 (Reuters) – The dispute between Britain’s Royal Mail and its largest labour union flared up again on Monday after …
Read More »UK will not take action over Czech mogul’s plan to raise Royal Mail stake
Oct 31 (Reuters) – Britain is no longer intervening in Czech billionaire Daniel Kretinsky’s plan to increase his stake in Royal Mail parent International Distributions Services (IDSI.L), sending the company’s shares up more than 7% on Monday. In August, Royal Mail said it had been notified by then business minister …
Read More »Wall Street bonuses to plunge 22% this year – NY state comptroller
NEW YORK, Oct 25 (Reuters) – Wall Street bonuses in 2022 are expected to fall 22% or more from last year’s bumper payouts, according to a report from New York State Comptroller Thomas DiNapoli, as tough economic conditions choked off demand for deals. Inflation, the war in Ukraine and rising …
Read More »Royal Mail, union agree on talks over pay through arbitration
Oct 24 (Reuters) – Britain’s Royal Mail and its largest labour union have agreed to engage in talks through the Advisory, Conciliation and Arbitration Service (Acas) to resolve their ongoing dispute over pay, the postal service’s parent company said on Monday. International Distributions Services (IDSI.L) said the opening session for …
Read More »Spain’s number of flights in September reached 94% of pre-pandemic 2019 levels
Oct 17 (Reuters) – The number of flights from and to Spanish airports in September reached 94% of the number registered in September 2019, before the COVID-19 pandemic ravaged the travel industry, flight controlling agency Enaire said on Monday. Enaire routed 191,069 flights in September to and from the country’s …
Read More »European shares slide as recession fears grip global markets
Register now for FREE unlimited access to Reuters.com Register IMF, World Bank expect global slowdown STOXX 600 set to fall 2.4% for the week Logistics firms dragged by FedEx warning Sept 16 (Reuters) – European shares slid 1.2% on Friday as recession warnings from two major global financial institutions and …
Read More »Royal Mail denies talks over potential sale
A Royal Mail postal van is parked outside homes in Maybury near Woking in southern England March 25, 2014. REUTERS/Luke MacGregor Register now for FREE unlimited access to Reuters.com Register Sept 8 (Reuters) – Britain’s Royal Mail (RMG.L) said on Thursday it was not involved in talks with a private-equity …
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