Tag Archives: royal

Analysts at Liberum slightly raised their target price on ‘sell’ rated postal service Royal Mail Group on Monday, stating that risks to its UK operations outweighed resilience in its European arm, General Logistics Systems (GLS). Liberum said the outlook for Royal Mail’s UK parcels, international and letters (UKPIL) unit was …

Royal Mail has been fined £1.5m by its regulator for missing delivery targets for first-class post and £100,000 because it overcharged for second-class stamps. The letters and parcels company is required to deliver at least 93% of first-class post across the UK within one working day of collection but in …

London’s FTSE 250 was down 0.3% at 17,098.38 in afternoon trade on Thursday. Royal Mail shares slid after the company said it will cut 2,000 manager jobs as it desperately tried to save £130m in costs amid the coronavirus crisis and reported a 25% plunge in full year profits. It …

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 …

(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, …

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 …

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 …

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 …

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 …

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 …