By Ian Walker International Distribution Services said Monday that its Royal Mail unit has won a five-year contract with HM Passport office to collect and deliver passports and other documents, including U.K. Visas and Immigration travel documents. The London-listed company said that it has already started delivering some documents on …
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What to Think About: WSJ Pro reported that following a February 2022 cyber attack, global logistics business Expeditors International of Washington Inc. shut down much of its network to prevent further damage. The three-week outage resulted in serious operational disruption and led to many customers’ goods not being shipped. One …
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By Michael Susin The U.K.’s Office of Communications said Friday that it has warned Royal Mail it can’t continue to rely on the impact of Covid-19 to justify poor delivery performance. The regulator said an investigation between April 2021 and March 2022 concluded that the postal-services company failed to meet …
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By Jaime Llinares Taboada Royal Mail PLC warned on Wednesday that it expects to be materially lossmaking in fiscal 2023 if a proposed strike action takes place. The Communication Workers Union, or CWU, has told the company that it intends to call upon its members to take strike action for …
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By Kyle Morris Royal Mail PLC said Wednesday that it will consider the separation of its namesake Royal Mail business and GLS if it can’t achieve significant operational change at Royal Mail in the U.K. The British letter-and-parcel courier said it will rename the holding company to International Distributions Services …
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By Kyle Morris Royal Mail PLC said Wednesday that its fiscal first-quarter group revenue fell 11.5% on year and that it was committed to reaching an agreement with a union after a ballot on strike action on Tuesday. The British letter-and-parcel courier said revenue for the three months ended June …
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U.K. stocks fell Wednesday, as the FTSE 100 Index UKX, -0.08% closed at 7,593.00. Of the FTSE 100 constituents, air freight company Royal Mail PLC RMG, -5.17% saw the largest decrease Wednesday, as shares shed 5.17% Shares of investment advisors firms Schroders PLC SDR, -3.23% abrdn PLC ABDN, -2.48% dropped …
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By Joe Hoppe ITV PLC and Royal Mail PLC are set to drop out of the FTSE 100 index in the quarterly reshuffle and Centrica PLC, which owns British Gas, and Unite Group PLC, the student accommodation provider, are set to be promoted from the midcap FTSE 250 to London’s …
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By Joe Hoppe Royal Mail PLC is scheduled to report results for fiscal 2022 on Thursday. Here’s what you need to know: REVENUE FORECAST: The U.K. postal company is expected to report revenue for the year ended March 27 of around 12.83 billion pounds ($16.03 billion) according to a consensus …
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By Anthony O. Goriainoff Go-Ahead Group PLC said Wednesday that Sarah Mussenden has been appointed chief financial officer effective May 9, and that interim CFO Gordon Boyd will remain in the role until the end of March. The U.K. public-transport operator said Ms. Mussenden has extensive experience across a number …
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