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Royal Mail Says High Court Ruled That CWU's Postal Ballot Of Co Employees For Industrial Action Was "Unlawful"
UK's CWU Says High Court Ruled Against It On Royal Mail Seeking Injunction To Block Potential Strikes
Royal Mail Has Won High Court Injunction To Block Potential Strikes By Postal Workers - Sky News
Royal Mail plc provides postal services. The Company's segments include UK Parcels, International & Letters (UKPIL), General Logistics Systems (GLS) and Other. UKPIL operates in the United Kingdom collecting and delivering parcels and letters through approximately two main networks, the Royal Mail Core Network and Parcelforce Worldwide. UKPIL provides letter and parcel services to and from countries around the world under reciprocal arrangements with other overseas postal administrations. It is also responsible for the design and production of the United Kingdom's stamps and philatelic products. Parcelforce Worldwide is an express parcels business. The Company operates across a network of approximately 50 depots throughout the United Kingdom. GLS operates in continental Europe and the Republic of Ireland and has a ground-based deferred parcel delivery network in Europe. GLS provides parcel and express services, as well as logistics solutions.
100 Victoria Embankment
Non-Executive Independent Chairman of the Board
Group Chief Executive Officer, Executive Director
Chief Financial Officer, Executive Director
Group Chief Technology Officer
Maaike H. De Bie
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* Royal Mail to deliver plans without compulsory redundancy (Adds comments from Royal Mail, details)
Britain's Royal Mail has won a high court injunction seeking to block potential strikes by the Communication Workers Union (CWU), the union said https://twitter.com/cwunews/status/1194626357713502214 on Wednesday.
* Delivery of domestic parcels, letters could be hurt (Adds analyst comment, parcel volumes)
Royal Mail Plc said on Friday that it would apply for an interim order from the High Court to block a potential strike by its biggest union, the Communication Workers Union, saying it believed the strike ballot had been unlawful.
* Royal Mail faces threat of renationalisation (Adds Royal Mail comment)
Royal Mail said the Communications Workers Union (CWU) had rejected its offer aimed at avoiding strike action for the rest of the year, a move that could affect mail deliveries ahead of a general election in December.
UK's Royal Mail Plc <RMG.L> has written to the Communications Workers Union (CWU) saying it will enter into talks "without preconditions" if the union agrees to remove the threat of strike action over the Christmas, the company said on Tuesday.
UK's Royal Mail Plc has written to the Communications Workers Union (CWU) saying it will enter into talks "without preconditions" if the union agrees to remove the threat of strike action over the Christmas, the company said https://www.royalmailgroup.com/en/press-centre...
Communications Workers Union (CWU) on Tuesday said over 97% of its members in Britain's Royal Mail who voted were in favor of going on strike.
A British employers' group criticized on Monday what it said would be the "beyond eye-watering" cost of the opposition Labour Party's plans to return utilities, train companies and the Royal Mail to public ownership.
Royal Mail Plc said on Thursday its performance in the first quarter was in line with its expectations and re-affirmed its annual forecast in a short statement ahead of its annual general meeting.
** Britain's former postal monopoly Royal Mail Plc down 3.1% at 197.1p after HSBC downgrades stock to 'hold' from 'buy' and cuts PT to 216p
** Royal Mail shares hit record low of 198.25p, down 9.2%, taking this week's losses to 15%
* UK growth, parcels push main priority - CEO (Adds CEO, analyst comments, shares, details on parcels push)
Royal Mail Plc on Wednesday slashed its dividend by 40% and said it would invest a further 1.8 billion pounds ($2.29 billion) in its UK postal service over the next five years in hopes of turning the business around.
Royal Mail Plc said Deputy Chairman Keith Williams will replace Les Owen as chairman, becoming the third person to hold the role in the past year.
Royal Mail Plc said on Friday Deputy Chairman Keith Williams will succeed Les Owen as chairman in May.
* Shares plunge to record low (Adds details, analyst comment, shares)
** Shares of Royal Mail slump as much as 18 pct to an all-time low
Royal Mail Plc on Tuesday narrowed its full-year profit forecast, and guided to a larger-than-expected decline in addressed letter volume for the year.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.