Amazon circles Post Office as it loosens ties with Royal Mail December 18, 2020 Amazon and Hermes are in talks to handle the Post Office’s packages, in a potentially major boost for Britain’s 11,500 branches. The Post Office yesterday revealed it had signed its first “non-exclusivity” deal with Royal Mail, in a move that will loosen ties that have been in place for hundreds of years. Silicon Valley giant [...]
Royal Mail boosts revenue estimates but profit collapses November 19, 2020 Royal Mail increased its estimates for full year revenue today as the surge in online shopping caused by the coronavirus pandemic boosted its turnover. However, it warned that it was still struggling with its loss-making letters division, as well as a sharp rise in costs. For the full year, the firm said that revenue could [...]
Weekly outlook, 16-20 November: will FTSE rally continue? November 15, 2020 After the best week for the FTSE 100 since April, investors will be keen to see if markets can keep the rally going, with a slew of heavyweights set to report. Last Monday Pfizer’s announcement that its vaccine was 90 per cent effective in treating the coronavirus disease sent stocks soaring. Traders cheered the news, [...]
Online shopping boom could cause Christmas chaos, Post Office warns November 3, 2020 A boom in online shopping and parcel deliveries could cause Christmas chaos this festive season, the Post Office said as it warned the public to send their gifts earlier than usual to avoid a last-minute rush. More than a fifth of Brits have already decided to send presents through the post rather than give them [...]
Royal Mail accelerates parcel business pivot with collection service launch October 21, 2020 Royal Mail has stepped up its fight back against online delivery giants as it launched a parcel pick-up service across the UK. The postal service is adapting its service to cater for the boom in online shopping, which has accelerated during the coronavirus pandemic, saying the move means sellers and shoppers will “no longer need [...]
Royal Mail parcel deliveries surge 38 per cent in lockdown July 21, 2020 Royal Mail parcel deliveries surged 38 per cent during the coronavirus lockdown as more consumers shopped online. The postal service said that between 30 March and 28 June, it shipped 117m more parcels than this time last year as Brits shopped online after being told to stay at home. Royal Mail said today that customer [...]
Royal Mail to slash 2,000 jobs as profit sinks 25 per cent June 25, 2020 Royal Mail is set to make 2,000 staffredundant to save £130m to combat the impact of coronavirus after the sudden departure of its ex-CEO in May. The postal delivery service said it needed to take “immediate action” on costs after profit before tax plunged 25 per cent to £180m in the financial year to the [...]
Royal Mail chief executive Rico Back steps down after less than two years May 15, 2020 The chief executive of Royal Mail has stepped down after less than two years in the role. Rico Back has stepped down as group chief executive with immediate effect, and will leave the company on 15 August after more than 30 years. Back, who joined the company in 1989 and was appointed as chief executive [...]
Royal Mail to raise price of stamps from 23 March February 21, 2020 The Royal Mail will raise the prices of its stamp from 23 March as the former postal monopoly continues to struggle against a “challenging business environment”. A first class stamp will increase by 6p to 76p, while the price of a second class stamp will increase by 4p to 65p. The postal service said that [...]
Strike on the cards for Royal Mail workers despite pay rise offer February 21, 2020 Royal Mail’s workers are set for its first national strike in a decade as the postal service’s largest union said it could call a stoppage as early as next month. Yesterday Royal Maul proposed a six per cent three-year pay deal to the Communications Workers Union in a bid to avoid such strike action. However, [...]