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Showing posts with label Royal Mail. Show all posts
Showing posts with label Royal Mail. Show all posts

July 22, 2015

Royal Mail reports flat revenues

Royal Mail has reported flat revenues in the three months to 28 June as UK letter volumes continued to decline.

June 05, 2015

Royal Mail stake to be sold off, George Osborne announces

The government's remaining 30% stake in the Royal Mail is to be sold and £3bn cut from government spending this year,
George Osborne has said.

November 26, 2014

Amazon offers package collection at post offices

Amazon shoppers will be able to avoid missed deliveries in the runup to Christmas by collecting packages from their local post office.

October 16, 2014

Royal Mail sells central London sorting office for £111m

Royal Mail has sold its former central London sorting office next to Paddington station to a Singaporean consortium for £111m.

July 12, 2014

Taxpayers 'lost £1bn' on Royal Mail sale, MPs say

Taxpayers may have lost out on about £1bn from the undervaluing of Royal Mail, a committee of MPs has said.

June 21, 2014

Royal Mail: competing services threaten six day-a-week delivery

Royal Mail has warned communications watchdog Ofcom that its mandate of delivering post six days a week to any address in the UK is under threat from competing services.

April 30, 2014

Vince Cable rebuts claim government massively undervalued Royal Mail

Vince Cable has continued to contest claims that the government significantly undervalued Royal Mail, costing taxpayers £750m on the day of the postal service was privatised in October.

February 09, 2014

Royal Mail staff accept 'ground-breaking' pay deal

Postal workers have voted overwhelmingly to accept what their trade union called "a ground-breaking" pay deal. Previously the Communication Workers Union (CWU) had been threatening industrial action.

January 25, 2014

Royal Mail performance boosted by strong parcel demand over Christmas

More people sending Christmas cards and higher revenue from parcels helped Royal Mail achieve solid business over the first Christmas since the company floated on the stock market.

January 10, 2014

Labour attacks 'botched' privatisation of Royal Mail

Labour has accused the government of botching the privatisation of Royal Mail, saying taxpayers have been short-changed by hundreds of millions of pounds.

December 25, 2013

Royal Mail's FTSE 100 debut sparks profit-taking by shares investors

Royal Mail has been a spectacular stock market performer since its flotation in October, but its debut in the FTSE 100 yesterday was an excuse for investors to cash in some of their gains.

November 28, 2013

Royal Mail Operating Profit Almost Doubles

LONDON — Royal Mail said rising parcel revenue and ongoing cost cuts helped the newly-privatised postal operator almost double its operating profit in the first half of the year.

October 20, 2013

Royal Mail shares: Vince Cable defends flotation price as shares hit 500p

Vince Cable has written to MPs to defend the pricing of the Royal Mail flotation as shares in the postal service closed above 500p at the end of their first full week of trading, representing a paper profit of 52% for investors.

October 17, 2013

October 09, 2013

Royal Mail: Just 368 staff chose not to accept free shares

Just 368 out of the Royal Mail's 150,000 staff have chosen not to accept free shares in the privatised company, the BBC has learned.

September 15, 2013

U.K.'s Royal Mail goes public

The British government plans to sell a majority of its stake in the Royal Mail through an initial public offering that will be one of the U.K.'s largest in decades.

May 22, 2013

Royal Mail profits jump as parcel sales rise

Royal Mail's annual profits have more than doubled, helped by strong growth in parcel deliveries as more people shop online.