News | Latest Breaking News Stories & Headlines

The Communication Workers Union has called for 19 more days of strikes at Royal Mail

Royal Mail workers union calls for 19 days of strikes

A trade union representing postal workers in the UK has called for a further 19 days of strike against Royal Mail, the latest in an escalating standoff between the union and the postal service company.

Business • 28 Sep 22

Royal Mail has called off its planned strike action due to the death of Queen Elizabeth

UK unions suspend strike action after death of Queen

Three British trade unions representing postal workers and transport staff said they would suspend their scheduled strikes following the death of Queen Elizabeth.

Business • 09 Sep 22

Work stoppages are taking place today and again on 31 August, 8 September and 9 September.

An Post warns of delays due to Royal Mail strike

An Post has warned of possible delays due to strikes by Royal Mail workers in the UK.

Business • 26 Aug 22

Royal Mail warned earlier this month that it could post a loss for its business in the UK in the 2022-23 fiscal year if the strike went ahead

Thousands of British postal workers on strike over pay

More than 115,000 workers at Britain's Royal Mail began the first of four days of strike action today in a pay dispute which the postal group said was likely to cause significant disruption for customers.

Business • 26 Aug 22

The CWU said British postal workers will hold the strike in protest over pay on August 26 and 31 as well as September 8 and 9

Royal Mail warns of annual loss if strikes go ahead

Royal Mail has warned today that it could post a loss in the UK for the full-year 2022-23, if four days of strike called by the Communications Workers Union (CWU) in August and September went ahead.

Business • 10 Aug 22

Shares in Royal Mail and ITV, both now set to enter the FTSE 250 index, are down about 41% and 36% this year

Royal Mail and ITV drop off London's FTSE 100 index

Royal Mail and broadcaster ITV will lose their spots on London's benchmark FTSE 100 equity index after their respective valuations plunged this year.

Business • 02 Jun 22

Royal Mail is offering a total pay rise worth up to 5.5% - of which 2% is to be paid as soon as a deal is agreed upon

Royal Mail plans more cost cuts after profit miss

Royal Mail said today it has identified £350m in cost savings this year to battle inflationary pressures and the slowing British economy after the company's 2021-22 profit slightly missed market expectations.

Business • 19 May 22

Royal Mail said it plans to cut 700 managerial jobs as part of a reorganisation plan

Royal Mail lowers profit view, plans to cut 700 jobs

Britain's Royal Mail will lay off around 700 managers as part of cost-cutting efforts aimed at transforming the centuries-old postal company, it said today, boosting its shares.

Business • 25 Jan 22

Royal Mail has reported a surge in group adjusted operating profit to £404m for the six months ended September 26

Royal Mail to return £400m to shareholders

Britain's Royal Mail said today it would return £400m to shareholders after the postal company forecast higher annual earnings in its UK business following a strong first half.

Business • 18 Nov 21

Royal Mail's GLS parcel service has announced a deal for Canada's Rosenau Transport

Royal Mail adds Canada freight strength in Rosneau deal

Britain's Royal Mail said today its GLS parcel service would buy Rosenau Transport for $360m as the postal company looks to bolster its freight carrier services in Canada.

Business • 08 Oct 21

Royal Mail is benefitting from improving letter volumes compared with last year and higher UK parcel revenues as people shop online

Royal Mail forecasts surge in first-half profit

Royal Mail has forecast a surge in first-half operating profit despite warning on higher costs, as it benefits from improving letter volumes compared with last year and higher UK parcel revenues as people shop online.

Business • 23 Sep 21

Royal Mail has reported a 12.5% rise in first-quarter group revenue

Royal Mail says UK parcel volumes slide as curbs ease

Royal Mail said today that people were having fewer parcels delivered to their homes as pandemic restrictions eased across the country.

Business • 21 Jul 21

Royal Mail said its parcel volumes in the UK were down 2% last month

Royal Mail says parcel demand tapers after strong year

Royal Mail has held back from providing a forecast for the current year, citing uncertainties that could influence the number of packages it delivers following a year that saw its profit more than double during the lockdown.

Business • 20 May 21

Royal Mail said it would pay a final dividend of 10 pence per share for the financial year ending March 28

Royal Mail to pay one-off dividend, confirms outlook

Royal Mail said it will pay a one-off dividend for the year ending March following recent upgrades to its financial outlook on the back of a surge in parcel demand during the Covid-19 pandemic and a recent pick-up in letter volumes.

Business • 30 Mar 21

Royal Mail said that Covid curbs pushed parcel delivery demand to record levels and Christmas mail eased a slide in letter volumes

Royal Mail delivers rosy outlook after Covid Christmas

The UK's Royal Mail has today forecast annual profits ahead of market expectations as Covid-19 restrictions pushed parcel delivery demand to record levels and Christmas mail eased a slide in letter volumes, sending shares higher.

Business • 11 Feb 21

Royal Mail continues to see losses in its traditional letters business

Royal Mail raises revenue view on online shopping boost

Royal Mail has today raised its full-year revenue outlook, as it benefited from a surge in online shopping during coronavirus lockdowns, sending its shares up sharply.

Business • 19 Nov 20

Royal Mail said today it still expected to make an annual loss due to costs related to the Covid-19 pandemic

Royal Mail revenue could rise if no further lockdown

Royal Mail's revenues could be much higher than previously expected if Britain can avoid another nationwide lockdown, thanks to a surge in online shopping deliveries, it said today.

Business • 08 Sep 20

A Royal Mail post box painted blue in recognition of the NHS and other key workers during th Covid-19 pandemic

Royal Mail to cut jobs, investment as profit sinks 30%

Royal Mail has laid out restructuring plans that will affect around 2,000 management roles and see it save £130m in staffing costs next year as it reported a 31% fall in annual profits.

Business • 25 Jun 20

Royal Mail has been locked in a dispute with its largest labour union the Communication Workers Union

Royal Mail CEO Back quits as board promises change

Royal Mail's chief executive Rico Back stood down today after two years in charge marked by battles with unions over a proposed £1.8 billion restructuring plan for the former UK postal monopoly.

Business • 15 May 20

Royal Mail said its revenue for the nine months to December 29 increased by 3.7%

Royal Mail's Christmas parcels hurt by labour unrest

Royal Mail today warned of a "challenging" year ahead, with labour tensions and sliding letter volumes increasing the risk of its British business registering a loss, sending its shares plunging to record lows.

Business • 06 Feb 20

Royal Mail is investing more ahead of the UK general election next month and Christmas to try to ensure it hits service targets at the busiest time of the year

Royal Mail shares tumble as turnaround plan lags

Royal Mail is already running behind schedule with planned reforms as it grapples with threatened labour unrest and a slowing UK economy, sending shares in Britain's former postal monopoly down 17%.

Business • 21 Nov 19

The former British monopoly has promised to invest a further £1.8 billion in its UK postal service in the hope of turning it around

Royal Mail looks to parcels as it cuts dividend

Royal Mail has slashed its dividend by 40% to fund a new five-year turnaround drive that seeks to better position the group for a future dominated by online parcel deliveries and help to expand further overseas.

Business • 22 May 19

Royal Mail has been reviewing its operations and testing methods including automation, to deliver post and parcels as its attempts to cut costs have been slower than expected

Royal Mail narrows its full year profit view

Royal Mail reined in its full-year profit forecast today and spoke of a larger than expected decline in letter volumes, sending its shares down as much as 18% to a record low.

Business • 29 Jan 19

The former British postal monopoly reiterated its expectations to cut costs by £100m in the full year

Royal Mail's half-year profit falls 25% on costs hit

Royal Mail said it is conducting a broad review of operations in its struggle to cut costs after it today posted a 25% drop in half-year profit.

Business • 15 Nov 18

Shares of Royal Mail, founded under Henry VIII, sank 8% to a record low of 360.1 pence today.

Royal Mail shares slide on profit and costs warning

Shares of Britain's Royal Mail deepened their slump today, hitting a record low.

Business • 02 Oct 18