London stocks had pared losses by midday on Thursday but remained just a touch lower amid growing concerns about a rise in new coronavirus infections in the US. The FTSE 100 was down 0.1% at 6,117.61. Joshua Mahony, senior market analyst at IG, said: “Early losses in Europe have been …
Read More »Royal Mail says pandemic spurs need for change
(Reuters) – Royal Mail (RMG.L) Executive Chairman Keith Williams said on Thursday the COVID-19 pandemic has accelerated the need for a change at its UK business by three to four years as customers demand more parcels and fewer letters. In a brief interview with Reuters following the company’s financial results, …
Read More »Royal Mail postmen should not be sacked if caught urinating in public, a tribunal has ruled
Royal Mail postmen should not be sacked if they’re caught urinating throughout rounds, a tribunal has ruled, after one employee was dismissed for relieving himself in a lay-by. Roo Rawal was fired for gross misconduct in 2017 after he was filmed allegedly urinating in a “very busy street” close to his …
Read More »“Social distancing doesn’t exist in my company,” Royal Mail worker tells James O’Brien
23 March 2020, 15:50 | Updated: 23 March 2020, 17:05 This Royal Mail worker called in to James O’Brien to “shame” her company in to putting in coronavirus measures because in work “it’s like social distancing doesn’t exist.” Kerry works for Royal Mail and is a key worker: “I’ve come …
Read More »Royal Mail : largest union to ballot members for strike
The notice follows Royal Mail’s proposed 6% pay increase, part of a three-year deal with the CWU last week, in a bid to appease the union following threats of another strike ballot. However, hopes for a settlement faded when CWU said last week that it could call for a strike …
Read More »Broker tips: Royal Mail, Berkeley Group, Plus 500
Royal Mail was under pressure on Wednesday as Liberum reiterated its ‘sell’ rating on the stock and slashed the price target to 120p from 175p, arguing that the company’s strategy is undeliverable. The broker said the fact that management openly questioned the achievability of its 2024 targets just nine months …
Read More »James Bond stamps unveiled by Royal Mail to celebrate No Time To Die release
19 February 2020, 17:09 James Bond stamps unveiled by Royal Mail to celebrate No Time To Die release. Picture: Royal Mail James Bond fans and stamp collectors will be delighted to hear the film will be getting its own special collection. Royal Mail has released unveiled a brand new series …
Read More »Royal Mail strategy is ‘undeliverable’, says Liberum
Royal Mail was under pressure on Wednesday as Liberum reiterated its ‘sell’ rating on the stock and slashed the price target to 120p from 175p, arguing that the company’s strategy is undeliverable. The broker said the fact that management openly questioned the achievability of its 2024 targets just nine months …
Read More »Royal Mail proposes three-year pay deal to union
(Reuters) – Britain’s Royal Mail (RMG.L) has proposed a three-year pay deal to the Communication Workers Union (CWU) and wants to have detailed talks with its largest union, the company said on Twitter on Friday. FILE PHOTO: A Royal Mail postal worker stands in the yard of a sorting office …
Read More »Royal Mail tweets pay proposal to union as transformation plan lags
(Reuters) – Royal Mail (RMG.L) put forward a proposal with a three-year pay deal to Communication Workers Union (CWU) on Friday, saying in its message delivered on Twitter that it wanted to have detailed talks with its largest union. FILE PHOTO: Royal Mail vans parked in the Leytonstone post office …
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