|Bid||391.40 x 10300|
|Ask||391.70 x 162400|
|Day's Range||388.80 - 392.60|
|52 Week Range||368.26 - 501.00|
|PE Ratio (TTM)||14.34|
|Forward Dividend & Yield||0.29 (5.80%)|
|1y Target Est||N/A|
In an age of digital advertising its easy to forget how important direct mailing can be, says Royal Mail. James Wright talks to Amanda Griffiths.
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines * Royal Mail wins court battle as judge rules strike is ...
Royal Mail has won an injunction to block next week's two-day postal strike, the first nationwide walkout at the service since its privatisation. The Royal Mail successfully argued that the Communication ...
The union has been at odds with the British postal company over its plans to save billions of pounds on its pension contributions by ending a long-standing defined benefit scheme. The High Court in London ruled that dispute resolution procedures must be followed before any industrial action, Royal Mail said in a statement, adding it would contact the CWU as a matter of urgency to begin the process of external mediation, which could take until Christmas or beyond. "We want an agreement and will comply with the injunction to undertake further external mediation.
Royal Mail on Monday applied to the High Court for an injunction to prevent any strike action being taken before an agreed mediation process for settling labour disputes has been exhausted. "In light of Royal Mail’s legal challenge we can confirm that the union will be defending its case at the Royal Courts of Justice ... on Thursday," CWU said in an emailed statement.
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines * Kwek Leng Beng to take Millennium & Copthorne private ...
"CWU has declined to withdraw its notification," Royal Mail said in an email. "As a result, Royal Mail will today lodge an application with the High Court for an injunction to prevent industrial action so that the contractual external mediation process can be followed," it added.
Theresa May was facing growing calls from Conservative MPs to quit, as she returned home from Manchester on Thursday, but her party's rebellion was not yet large enough to oust her as Britain's prime minister. Weak economic forecasts are derailing the UK's budget plans and as much as two-thirds of the 26 billion pounds ($34.04 billion) of headroom in public finances that Philip Hammond created last year as a buffer for the economy through the Brexit period is likely to be wiped out after the government's fiscal watchdog concludes its forecasts for growth have been too optimistic. Royal Mail Plc has threatened to use "all legal options" to prevent the first nationwide strike since its privatisation, after the Communication Workers Union, which represents about 110,000 employees at the company, said on Thursday that it planned to down tools for 48 hours beginning at Oct. 19.
The Communications Workers Union (CWU) said the 48-hour strike would begin at 1000 GMT on Oct. 19 and would involve about 111,000 postal workers. Royal Mail said it is committed to further talks to reach an agreement as a matter of urgency but that there are no grounds for industrial action. "We believe any strike action before the dispute resolution procedures have been followed would be unlawful," a spokesman said after a company statement raised the prospect of taking the matter to the courts.
The head of one of Poste Italiane's (PST.MI) parcel units said on Wednesday a month-long strike by workers at some contractors was crippling parcel deliveries and hurting restructuring plans. Parcel deliveries are seen as a valuable growth area for the Italian post office. Its SDA Express Courier unit is one of the companies that delivers parcels in Italy for e-commerce giant Amazon (AMZN.O).
Royal Mail plc (LSE:RMG) generated a below-average return on equity of 5.77% in the past 12 months, while its industry returned 8.08%. An investor may attribute an inferior ROE toRead More...
Foreign Secretary Boris Johnson, with a vigorous defence of Brexit, won a standing ovation from the Tory conference in Manchester on Tuesday, but in private, ministers were scornful of Johnson's "showboating", and said a post-Brexit transition deal could extend considerably beyond his March 2021 "red line". UK and Brussels have reached a preliminary agreement on dividing up World Trade Organisation quotas, in one of the first big breakthroughs in Brexit-related talks between London and the European Commission, according to diplomats and EU officials contacted by the FT. Uber Technologies Inc's Dara Khosrowshahi had a "constructive" meeting with Transport for London commissioner Mike Brown on Tuesday, as the U.S. ride hailing company's new boss stepped up his fight to retain its London licence.
The following are the top stories on the business pages of British newspapers. The resignations were disclosed on the third day of the trial of Christopher Bush, John Scouler and Carl Rogberg, each of whom is facing one charge of fraud and one of false accounting. -Britvic Plc said it planned to close its Robinsons squash factory, putting 242 jobs under threat, while Unilever Plc, which co-owns the site, said the move could spell the end of its own operations at a location where it employs 113 workers.
The Communications Workers Union (CWU) said 89.1 percent of its members at Royal Mail (RMG.L) voted for the strike. The CWU told Royal Mail last month that it would ballot more than 100,000 of its members over whether to take industrial action. The union has said Royal Mail's move to replace the pension scheme would result in members losing on average up to a third of their future pensions.
Royal Mail plc (LSE:RMG), a transportation company based in United Kingdom, View our latest analysis for Royal Mail What’s the opportunity in RMG? According to my valuation model, RMG seemsRead More...
The following are the top stories on the business pages of British newspapers. - The North Sea oil industry must "earn its right to grow", Royal Dutch Shell PLC warned yesterday as an industry report from Oil & Gas UK, said that more capital investment was urgently needed to prevent a steep drop in production. - One of the world's most "powerful" aerospace parts companies has been formed with the $30 billion takeover of Rockwell Collins Inc by United Technologies Corp .
Britain’s Royal Mail could potentially lose its coveted place in the FTSE 100 blue-chip stock index in an upcoming quarterly reshuffle for the equity benchmark being announced next week. But amid a weaker share price - down some 20% this year, are more problems around the corner for the operator?