There’s always been a big debate about certain towns that are on the outskirts of the capital and if they technically are London. Places like Croydon and Kingston are sometimes deemed Surrey, Bromley and Orpington incorrected labelled Kent and Epping Forest and Dagenham referred to as Essex. During these heated …
Read More »UPDATE 2-UK’s Royal Mail ships more parcels, fewer letters during lockdown
* Parcel volume up 38%, letters drop 33% * Says restructuring plans underway * Reiterates outlook for 2020-21 (Rewrites throughout, adds detail, shares) By Yadarisa Shabong and Pushkala Aripaka July 21 (Reuters) – Britain’s Royal Mail said its parcel shipments rose 38% in April-June as lockdowns drove a surge in …
Read More »Troubled Royal Mail sees parcel volumes surge as sales move online in lockdown
Royal Mail has shipped 117 million more parcels than last year during lockdown as the pandemic triggered a boom in ecommerce. The postal specialist said parcel volumes were up 38% while its domestic account parcel volumes, which exclude Amazon deliveries, saw 64% growth. However the letters market continues to be …
Read More »UPDATE 1-Royal Mail ships more parcels as sales move online in lockdown
(Adds details on volumes, context) July 21 (Reuters) – Britain’s Royal Mail said on Tuesday it had shipped 117 million more parcels in the June-ended quarter than last year, as people and businesses shifted to online sales during the coronavirus-led lockdown. The company has had a turbulent few years with …
Read More »Royal Mail DB Cash Balance Scheme deficit rises by over £100m
The Royal Mail Defined Benefit Cash Balance Scheme (DBCBS) deficit has grown to £177m as at 31 March 2020, up from £72m at 31 March 2019. The scheme, which has been in place since 1 April 2018, is a transitional arrangement until Royal Mail’s proposed collective defined contribution (CDC) scheme …
Read More »Jack Charlton to be commemorated on new Royal Mail and An Post watermark
The life of former Republic of Ireland manager Jack Charlton is to be commemorated by a special postmark applied to mail sent in England and Ireland. The former Leeds United defender, who won the World Cup with England in 1966, died on July 10 aged 85. After a successful career …
Read More »Market report: 'Czech sphinx' increases his lion's share in Royal Mail
… have raised speculation that he may soon begin actively trying to influence the group's future direction. Royal Mail shares rose 2p to 184p on Friday. Source link
Read More »Postman helps teacher decide front door colour via note
Teacher torn over what colour to paint her front door is given a helping hand from her postman – and social media users praise the Royal Mail worker for their ‘great taste’ Elizabeth Pocklington, from Nottingham, was struggling to pick a colour for door Painted various swatches on the front …
Read More »Royal Mail’s biggest shareholder Daniel Kretinsky ups his bet as Vesa takes a £222 million stake in the troubled business
Czech energy tycoon Daniel Kretinsky today bought another big chunk of Royal Mail, lifting his shareholding up to 12.1% as part of his gamble that the company’s shares are drastically cheap. The billionaire known as the Czech Sphinx for his secretive ways now owns a stake worth £222 million after …
Read More »Coronavirus tests supplied by Northern Ireland firm pulled over safety fears
Coronavirus tests supplied by a Northern Ireland firm have been pulled over safety fears. Health secretary Matt Hancock said during a statement in the House of Commons that the use of the Covid-19 testing kits is being “paused” across the UK. The government confirmed the NHS Test and Trace service …
Read More »