Royal Mail set to cut 700 management jobs as it grapples with Omicron sting POST MAIL ON OMICRON Royal Mail has warned against the lingering impact of Omicron this morning as it enters a formal consultation on reorganising to streamline processes, with an expected £40m annualised benefit for the firm.
Ofcom packages up better customer protection in line with delivery boom DELIVERY DOOM Ofcom have proposed new protections this morning to bring stronger guidance for parcel delivery and improve the way firms handle complaints.
Royal Mail to return £400m to shareholders after pandemic boom SHAREHOLDER BOOST Royal Mail have said it would return £400m to shareholders after the postal company forecast higher annual earnings in its UK business following a strong first half.
Daniel Kretinksy: Czech billionaire poised to buy stake in West Ham United October 28, 2021 West Ham United are the subject of takeover interest from Czech billionaire Daniel Kretinsky, according to multiple reports. Kretinsky, who co-owns Sparta Prague and holds major stakes in the Royal Mail and Sainsbury’s, is said to be close to buying a 27 per cent stake in the Premier League club. The deal, first reported by [...]
Royal Mail enters North America delivery market via £210m takeover in Canada October 8, 2021 Canadian logistics business Rosenau Transport has been bought by Royal Mail for £210.5m, as its international subsidiary General Logistics Systems (GLS) plans to become a major force in the north American delivery sector. The deal will see GLS expand its presence across the country, particularly in the west of Canada, and allow the company to [...]
First Royal Mail drones take off for remote Orkney Islands to deliver letters and parcels October 6, 2021 Royal Mail has started a two-week trial of scheduled, autonomous flights between Kirkwall and North Ronaldsay in the Orkney Islands with Windracers to help better connect remote island communities. The mail giant is using drones to deliver the post. The mail is being carried by a large, twin-engine, UK-built unmanned aerial vehicle (UAV) named Ultra [...]
Royal Mail anticipates cost pressures while online shopping boom here to stay September 23, 2021 Royal Mail has warned of mounting cost pressures as it revealed growth in its parcels business has eased since Covid restrictions were removed. The group reported a nine per cent drop in parcel deliveries by volume across July and August, as parcel revenues fell 4.6 per cent to £773m. However, a trend towards online shopping [...]
Royal Mail shares soar as investors cheer delivery slot shake-up June 7, 2021 Investors have cheered a move by Royal Mail to compete head-to-head with Amazon by allowing customers to choose timed delivery slots. Shares in London pared early gains but still closed up up 1.4 per cent at 599p after the postal firm revealed plans for a system allowing customers to pay more to send and receive [...]
Royal Mail capitalises on parcels boom as annual profit more than doubles May 20, 2021 Royal Mail saw its annual profit more than double in the year ended March 2021, bolstered by a surge in parcel deliveries as customers turned to online shopping. The postal firm today reported a 116 per cent surge in adjusted operating profit to £702m and a 17 per cent jump in revenue to £12.6bn. Simon [...]
FTSE 100 reshuffle: Are Royal Mail and ITV in pole position for promotion? May 19, 2021 Royal Mail and ITV look to be strong contenders for promotion to the index of the UK’s 100 biggest public companies during next month’s FTSE reshuffle. ITV, which has been boosted by the return of ad revenue, is considered a strong outsider to inch back into the top flight, according to analysis from Hargreaves Lansdown. [...]