Tevva Motors is latest to ditch UK: Royal Mail EV lorry supplier moves to US August 16, 2023 Royal Mail’s electric lorry supplier Tevva Motors will move its headquarters to the US after announcing a merger with a New York-listed electric carmaker. Tevva Motors, whose headquarters are in Tillbury, Essex, said it would merge with Canada-based ElectraMeccanica and relocate to Delaware. The start-up firm – who manufacture a range of medium and heavy [...]
As posties strike ends, is Royal Mail’s parent still keen on splitting the business? July 21, 2023 Following the appointment of Martin Seidenberg to the top job at Royal Mail’s parent company, International Distribution Services (IDS) on Thursday, the company’s next moves could be crucial in determining the future direction of Royal Mail, analysts have said. In his speech to the AGM on Thursday, IDS chairman Keith Williams said until it sees [...]
Royal Mail parent group IDS names international parcels boss as new leader July 20, 2023 International Distributions Services (IDS), the parent group of Royal Mail, has named Martin Seidenberg as its new leader as new boss says there’s opportunity ahead, “but we must seize it”. Seidenberg, who has been chief executive of parcel delivery company GLS – which is owned by IDS – will take charge of IDS in August [...]
Royal Mail scoops five year deal for delivery of passports, visas and travel docs July 17, 2023 Royal Mail has won a five-year contract for the collection and delivery of passports and supporting documents including UK Visas and Immigration (UKVI) travel documents. The contract also includes the delivery of internal mail between HM Passport Office offices and other Government offices. Royal Mail will also be working with the General Register Office on [...]
Moonpig sales boosted by higher prices despite pre-tax profit dip after Royal Mail strikes June 29, 2023 Moonpig Group has revealed a jump in sales as it upped the prices of its greetings cards, but said consumers were buying fewer cards and sending cheaper gifts. The online greetings cards and gifts giant saw its profits decline as it notched up higher costs. It reported a 5.2 per cent increase in its group [...]
Royal Mail blames strike action for slumping to year loss of more than £1bn May 18, 2023 Royal Mail has blamed strike action for helping send it slumping to a full-year loss of more than £1 billion. The group’s owner, International Distributions Services (IDS), revealed Royal Mail swung to an operating loss of £1.04 billion for the year to March 26, against earnings of £250 million the previous year. On an underlying [...]
Royal Mail delivery target failures to be investigated by Ofcom – and a fine could be dished out May 15, 2023 Regulator Ofcom said it has launched an investigation into Royal Mail’s failure to meet its delivery targets in the past year – and could hand out a fine. The British delivery firm fell short of its performance targets across the 2022 to 2023 financial year for first and second class mail and deliveries. Some 73.7 [...]
Royal Mail boss plans to step down following union deal May 12, 2023 The boss of Royal Mail has quit the top job in order to allow the company to move on following a bruising fight with its main union which finally concluded last month.
Return to sender: Royal Mail boss ‘set to quit’ after bruising strike battle May 9, 2023 The embattled Simon Thompson's departure from Royal Mail could be announced as soon as this week, according to City sources
Cyber attacks hit a third of firms and quarter of charities last year, including Royal Mail, WH Smiths and JD Sports April 19, 2023 Nearly a third of businesses and a quarter of charities have said they were the subject of cyber attacks or breaches last year, new data has shown. Figures collected for the Government by polling company Ipsos show a similar proportion of larger and medium-sized companies and high-income charities faced attacks or breaches last year as [...]