Royal Mail Plc is struggling to hire workers at its European parcel operations and signaled rising energy costs in Britain are also set to limit earnings growth.
Public Health England (PHE) has advised that people receiving parcels are not at risk of contracting the coronavirus. From experience with other coronaviruses, we know that these types of viruses don’t survive long on objects, such as letters or parcels. Continue reading
Royal Mail plc (RMG.L) announces that its subsidiary, General Logistics Systems (GLS), has acquired Canadian parcel delivery company, Dicom Canada, (the ‘Acquisition’) from Wind Point Partners, a Chicago-based private equity firm. Continue reading
Royal Mail’s redirection service is an important offer to consumers yet its pricing structure is unfair, outdated and too costly, Citizens Advice says.
Royal Mail Plc, Britain’s 500-year-old postal service, said it expects rules designed to rein in the abuse of personal data to weigh on letter volumes as companies are forced to scrap targeted marketing campaigns. Continue reading
Royal Mail is facing the threat of industrial action following its decision to close its defined benefit pension scheme, affecting 90,000 members.
The privatised UK postal operator announced on Thursday that its £7.4bn defined benefit scheme will close to future accruals after March 2018, saying that “there is no affordable solution to keeping the plan open in its current form”.
Stamp collectors are furious at PostNL‘s decision to stop stamping the date on stamps and to strike them through with a pen instead.
‘It’s a disaster for stamp collectors,’ said Martijn Bulterman, chairman of the Dutch stamp traders association NVPH. By putting a pen stroke through the stamps they are ‘effectively being ruined’, Bulterman told the Telegraaf. Continue reading
- Royal Mail will issue a set of 10 Special Stamps as a tribute to one of the most influential music and cultural figures of all time
- This is the first time Royal Mail has dedicated an entire stamp issue to an individual music artist or cultural figure.
From the Financial Times:
Shares in Royal Mail dropped more than 5 per cent after the group reported a drop in letters delivered before the festive period as business uncertainty in the UK hit junk mailings.
Rising parcel numbers failed to make up for the chronic decline in paper-based correspondence at the postal service’s core British business, pushing the division’s revenue down 2 per cent in the nine months ending on Christmas Day.
Read the full story: Royal Mail shares hit after sharp drop in letter volumes
Royal Mail has awarded its chief executive Moya Greene an annual pay package of £1.5m, similar to last year, and made some changes to its pay policy for the coming years to satisfy major shareholders.
The company, privatised in two share offerings in 2013 and 2015, has came under fire in recent years for the pay packages handed to Greene, including a 13% rise in total remuneration last year. Its latest annual report (pdf) shows that Greene is being paid £1.529m this year, compared with £1.522m in 2015.
The 500-year-old postal delivery company stressed that last year was the only time Greene’s pay had been increased since she joined in July 2010. In that period, the pay of postmen and women had gone up by 11%.