Tag Archives: Royal Mail

Royal Mail (OTCMKTS:ROYMY – Get Rating) had its target price cut by JPMorgan Chase & Co. from GBX 632 ($7.56) to GBX 360 ($4.30) in a research note issued to investors on Thursday, The Fly reports. A number of other equities research analysts have also recently weighed in on the …

A community campaign to reverse an “act of vandalism” and bring back a postbox to a Plymouth neighbourhood has been hailed a success. The removal of Stoke village’s post box provoked anger but residents, councillor Jemima Laing and Plymouth MP Luke Pollard petitioned for its return. The group has claimed …

B usinesses can now provide skilled agency workers to plug staffing gaps caused by strike action under changes to the law coming into force on Thursday, the Government has announced. Ministers said they have worked at speed to repeal trade union laws that restrict employment businesses from providing temporary agency …

Unions representing millions of workers in the UK are seeing a greater willingness to strike, as the cost of living worsens and living standards drop at their sharpest rate since the 1950s. While wages stagnate and inflation soars, many workers have seen their wages cut in real terms, setting up …

The Communication Workers Union (CWU) has expertly trolled Royal Mail after the company’s workers vote to take strike action. Yesterday, postal service workers at Royal Mail voted in a ballot to take strike action in a dispute over pay. The vote comes not long after rail workers with the RMT …

Bosses at Royal Mail say they are set to scrap Saturday deliveries. Chairman Keith Williams said dropping Saturdays was something being thought about in a recent interview. He said the company is losing “£1million per day and the efficiency improvements which are needed for long-term success have stalled”. Asked if …

This is a significant escalation in the company’s efforts to push through reform. It is the equivalent of holding the feet of workers to the flames, a message of defiance that says: “If you insist on standing in the way of change then we will set the best part of …

Saturday postal deliveries are to be axed in a bid to cut costs as Royal Mail is losing £1 million per day, the chairman of the company has revealed. Speaking to the Today programme, Keith Williams CBE said the company is looking at ending Saturday letter deliveries, adding: ‘Our consumers …

By Kyle Morris Royal Mail PLC said Wednesday that it will consider the separation of its namesake Royal Mail business and GLS if it can’t achieve significant operational change at Royal Mail in the U.K. The British letter-and-parcel courier said it will rename the holding company to International Distributions Services …

Royal Mail has warned union bosses preparing to strike that the business could be split in two as its British arm loses £1m a day. The former FTSE 100 company warned the Communication Workers Union (CWU), whose 115,000 members yesterday voted in favour of strike action, that its UK and …