Royal Mail shares jump on union pay proposals February 20, 2020 Shares in Royal Mail jumped this afternoon after it proposed a six per cent three-year pay deal to the Communications Workers Union in a bid to avoid strike action. The company’s share price increased 4.76 per cent after it announced its new pay proposals. Earlier this month Royal Mail said the union was preparing for [...]
Royal Mail shares bleed red as strike threat puts profit in doubt November 21, 2019 Shares in Royal Mail plunged almost 18 per cent today after the postal service warned the threat of industrial action could lead to it posting a loss or breaking even next year. Despite reporting an increase in pre-tax profit for the first half, the company said its turnaround plan is “behind schedule”, denting investor confidence [...]
Royal Mail workers vote in favour of largest strike in a decade October 15, 2019 Royal Mail will face its first national postal strike in a decade after workers voted overwhelmingly in favour of a mass walkout. Read more: Parcel pandemonium: Royal Mail braces for Christmas strike chaos The motion was passed by more than 97 per cent of the votes following a ballot of roughly 110,000 Communication Workers Union [...]
Parcel pandemonium: Royal Mail braces for Christmas strike chaos October 13, 2019 Letter and parcel deliveries could be thrown into disarray over Christmas as Royal Mail workers threaten to launch strike action. Read more: Royal Mail launches search for new UK director More than 100,000 members of the Communication Workers Union (CWU) have been balloted over strike action, with the results expected on Tuesday. If passed, the [...]
Over 100,000 Royal Mail workers to vote on strike action August 22, 2019 More than 100,000 Royal Mail workers are set to be balloted on taking industrial action over issues including job security and employment conditions. The Communication Workers Union (CWU), which announced the ballot, had accused Royal Mail of not honouring the “spirit and intent” of an agreement earlier this week. In a tweet announcing the ballot, [...]
Royal Mail to slash dividend 40 per cent as profit drops by a third May 22, 2019 Royal Mail said today it will cut its dividend 40 per cent from next year as it earmarks extra cash to invest in the business. The figures The company today announced a drop in operating profit of 34 per cent. It said operating profit after transformation costs for the 52 weeks ended March 2019 was [...]
Labour’s renationalisation plan isn’t just illiterate, it’s immoral May 8, 2019 Want to buy something, but can’t quite afford it? Just use a simple trick from John McDonnell. Here’s how it works. You say: “We’ll pay a fraction of the actual price.” They say: “Sorry, you can’t do that.” You say: “Yes, we can. We’re the government.” That, in essence, is Labour’s plan to renationalise the [...]
Best 25 stocks in the last tax year April 15, 2019 | City Talk By Graeme Evans from interactive investor. The FTSE 100 outperformed mid-caps last tax year, but the top FTSE 350 performers might surprise you. Take a look at the financial year ended on the 5th April, with the 25 top performing stocks in the FTSE 350 all producing gains of 40 per cent or more over the [...]
Royal Mail appoints second chairman in just six months after tumultuous year March 22, 2019 Royal Mail has appointed new chairman for the second time in just six months as his deputy steps into the role. British Airways veteran Keith Williams – who worked as chief executive, head of finance and executive chairman at the carrier – will take on the job from 22 May, the company announced. Read more: [...]
New ‘halfway house’ pension scheme given the go-ahead in bid to reduce risk for savers March 18, 2019 Pensions secretary Amber Rudd has given the green light for a new, Dutch-style pensions scheme to enter the market, which bids to give savers more stability by pooling risk. The so-called Collective Defined Contribution (CDC) scheme, which is widespread in Denmark and the Netherlands, will be offered to Royal Mail workers first, before a planned [...]