July 20 (Reuters) – Royal Mail’s parent group International Distributions Services (IDS) (IDSI.L) appointed Martin Seidenberg, CEO of the group’s international parcels network, as its new group CEO on Thursday. Seidenberg, who previously spent 15 years at Deutsche Post DHL, joined GLS in 2015 and has been a member of …
Read More »UK’s Royal Mail sees smaller loss for fiscal 2023 on cost cuts
Jan 26 (Reuters) – UK’s Royal Mail forecast a narrower loss for the current fiscal year, helped by measures to keep costs low, although its expects cash flow to slip into negative for 2024 as it reels from the impact of a series of strikes, its parent firm said on …
Read More »UK’s Card Factory sees annual profit ahead of market expectations
Jan 10 (Reuters) – British greeting cards retailer Card Factory (CARDC.L) forecast annual core earnings ahead of market expectations on Tuesday as people rushed to its high-street stores to buy Christmas cards amid strikes at Royal Mail, which hurt online sales. The company expects full-year core earnings to be at …
Read More »Greeting card firm Moonpig cuts forecast as Royal Mail strikes hit orders
Dec 7 (Reuters) – British greeting card company Moonpig (MOONM.L) lowered its annual revenue forecast on Wednesday and reported lower first-half profit as its orders in September and October was hit by postal strikes at Royal Mail. Workers across Britain, including more than 115,000 Royal Mail postal workers, have taken …
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 »Royal Mail warns of FY loss if four days of strikes go ahead
A postal worker carries mail bags in Altrincham, northern England, February 10, 2016. REUTERS/Phil Noble/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 10 (Reuters) – Royal Mail (RMG.L) warned on Wednesday that it could post a loss in the UK for the full-year 2022-23, if four …
Read More »Royal Mail says UK business losing one million pounds a day amid union clash
A Royal Mail delivery vehicle drives along a road near Mount Pleasant, in London, Britain, June 25, 2020. REUTERS/John Sibley Register now for FREE unlimited access to Reuters.com Register Shares down 2% Holding company to be renamed International Distributions Services Plc Executives say ready to talk over pay July 20 …
Read More »British stocks recover from multi-month lows as banks rally
A man shelters under an umbrella as he walks past the London Stock Exchange in London, Britain, August 24, 2015. REUTERS/Suzanne Plunkett Register now for FREE unlimited access to Reuters.com Register Unilever, Royal Mail to cut jobs Pub operator Marston’s gains despite lower sales FTSE 100 up 1.0%, FTSE 250 …
Read More »Royal Mail expects profit to rise as letters recover, flags higher costs
A Royal Mail delivery vehicle drives along a road near Mount Pleasant, in London, Britain, June 25, 2020. Picture taken June 25, 2020. REUTERS/John Sibley/File Photo Sept 23 (Reuters) – Royal Mail Plc (RMG.L) forecast a surge in first-half operating profit on Thursday despite warning of higher costs, as it …
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