Britain’s Royal Mail was handed a multi-million dollar fine Wednesday by the country’s communications regulator, its third successive penalty since 2023, for breaching delivery time targets. File photo by Andy Rain/EPA Oct. 15 (UPI) — Britain’s communications watchdog fined Royal Mail $28 million on Wednesday for failing to get letters …
Read More »
(Bloomberg) — Australian real estate listing provider REA Group Ltd. presented a £5.6 billion ($7.3 billion) takeover proposal for Rightmove Plc that was rejected by the UK’s biggest property portal by market value. REA, part of media mogul Rupert Murdoch’s empire, made a preliminary cash-and-stock proposal valued at 705 pence …
Read More »
(Bloomberg) — UK-listed companies continue to be targeted by foreign bidders amid cheap valuations, potentially fanning concerns about a shrinking London market. The agreement for Colorado-based AngloGold Ashanti Ltd. to buy Centamin Plc marks the 12th foreign takeover of a FTSE All Share Index company announced this year, including deals …
Read More »
World News // 9 hours ago To secure U.S. massacre apology, South Korea needs a campaign, State Dept. official says JEJU ISLAND, South Korea, May 29 (UPI) — If South Korea is to achieve an apology from the United States for an early Cold War-era atrocity, it needs to launch …
Read More »
Reporting a $1.3 billion loss for 2022-2023 on Thursday, International Distributions Services said the poor performance was due to industrial action by postal workers in its Royal Mail division and a failure to boost productivity. File photo by Andy Rain/EPA-EFE May 18 (UPI) — The parent company of Britain’s Royal …
Read More »
1/3 The silhouette of the Queen’s head that has featured on all Royal Mail stamps for almost 60 years has become a universally recognized icon. File photo by UPI/Michael Jacobs | License Photo Feb. 28 (UPI) — Britain’s Royal Mail issued its final set of stamps on Tuesday featuring its …
Read More »
Royal Mail workers hold signs outside a Royal Mail depot in London on Thursday as the Communication Workers Union called for a strike across the country. Photo by Andy Rain/EPA-EFE Nov. 25 (UPI) — Some 235,000 Royal Mail workers went on strike Thursday and Friday across Britain, disrupting Black Friday, …
Read More »
Royal Mail workers picket outside a delivery office in Huddersfield, West Yorkshire, Britain, on Sept. 8. Royal Mail said it could cut up to 10,000 jobs in 2023. Photo by Adam Vaughan/EPA-EFE Oct. 14 (UPI) — Royal Mail, which provides mail collection and delivery services throughout Britain, said on Friday …
Read More »
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * Johnson Matthey slips as half-year profit slumps * Direct Brexit talks suspended after EU team member tests COVID positive * Royal Mail jumps on raising annual revenue outlook …
Read More »
* Royal Mail raises annual revenue estimate * Shares up 7% at near two-year high * H1 above initial expectations in many areas (Adds background on restructuring, labour dispute, shares) Nov 19 (Reuters) – Royal Mail raised its full-year revenue outlook on Thursday, as it benefited from a surge in …
Read More »