Tag Archives: Royal Mail

Royal Mail (LON:RMG)‘s stock had its “buy” rating reiterated by Berenberg Bank in a research report issued on Thursday, Price Targets.com reports. They currently have a GBX 650 ($8.77) target price on the stock. Berenberg Bank’s price target points to a potential upside of 48.64% from the company’s current price. …

This picture shows the dramatic moment a fire engulfed a Royal Mail van. The fire broke out at the Post Office delivery office in Tamworth Road at 9.21am on Thursday, January 27. The fire was extinguished using two hose reel jets, according to Derbyshire Fire and Rescue. A spokesperson for …

Royal Mail jobs in Renfrewshire could be under threat as the company has allowed plans to cut 700 staff following months of delays due to Covid-19. Bosses at Royal Mail announced this week that managerial jobs across the country will be culled in a bid to cut costs following a …

A new sort of pension is launching later this year – with it intended to give higher payouts than existing workplace pensions. Brits currently get two main sorts of workplace pension – defined benefit (DB) and defined contribution (DC). Old-fashioned DB pensions give a guaranteed, often very generous, payout in …

Postal services are set to return to Eyres Monsell, in Leicester, after a former Post Office branch closed last year. The new counter is exected to open in March at the newly-built pharmacy in Sturdee Road, following a public consultation. The former branch a short walk away at The Exchange, …

Royal Mail plc (LON:RMG) has earned an average rating of “Buy” from the eleven analysts that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokers …

Royal Mail have announced they are set to cut 700 jobs from the business. The move comes as part of cost-cutting measures, the company has announced. It comes days after it emerged the firm received more than a million complaints from householders last year, the highest level for a decade, …

Royal Mail is set to cut 700 jobs as part of a huge cost-cutting reorganisation of the business. The postal service announced plans to make 700 managers redundant, which would save around £40million every year – that’s around £57,142 per manager. Around £30million of that would come between April 2022 …

UNITE vowed to fight Royal Mail’s plans to axe 700 jobs today as the threat of strike action looms large. The announcement, affecting managerial positions, came after Communication Workers Union (CWU) members unanimously approved a strike ballot over Post Office pay freezes on Monday. Unite said that its members were being made the scapegoat for bosses’ failure …

Mr Thompson, who also previously worked for Apple and is on Coca-Cola’s digital advisory board, insisted that the cuts were a continuation of already agreed proposals with Unite and the Communication Workers Union to remove 1.2m working hours from the business. “Ourselves and our unions are totally sticking with our …