Our Stories
- BT to introduce ultra-fast broadband
- Retail veteran warns of high street death spiral
- Tesco exec who sold shares moved from role
- Tesco market share slips
- UK consumer confidence recovers
- Gary Speed talked of suicide before death
- Tesco scraps carbon-label pledge
- UK university applicant numbers fall 8.7%
- Stelios blasts easyJet bonuses
- Train staff to get Olympic bonus
- New house buyers drop by 10.5 per cent
- US economy sees fourth quarter growth increase
Popular Topics
afghanistan al qaeda Apple ASDA bank of england barack obama BBC british airways china david cameron Debenhams Egypt facebook george osborne Google India ipad iphone ivory coast japan Libya London M&S Marks & Spencer Morrisons nhs North Korea Office for National Statistics pakistan protests russia sainsburys Sainsbury’s South Korea terrorism Tesco Tunisia UK UK retailers UK retail news UK shopping us Waitrose Wikileaks x factorArchive
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- January 2009
The Royal mail’s profits have reached almost £1m per day as it mulls over introducing rises in stamp prices. The company announced a surprise jump of £171m in bottom-line profits for the last six months. This is in comparison with a loss of £55m last year. It was helped by better-than-anticipated performances by its Post [...]
(Read More)19th Sep 11
Post Office to unveil mutualisation proposals
by Natasha Redman
Ministers will today unveil plans to put the Post Office under mutual ownership as part of the coalition’s major Royal Mail overhaul. The Post Office may be well on its way towards mutualisation by the time this parliament comes to an end, said ministers, prior to the launch of a meeting regarding the proposals. Subpostmasters, [...]
(Read More)19th Jul 11
Lost letter complaints rise by over a third
by Paul Russell
Complaints regarding the Royal Mail losing post have increased by over a third amid allegations that over 120,000 items went missing in only three months. The Royal mail received 120,884 complaints from unhappy customers during the three months of 2011, an increase of 37 per cent compared with the same period last year. The number [...]
(Read More)15th Jun 11
Most Post Office jobs go following £120m loss
by Paul Russell
The Royal Mail announced new job losses yesterday after revealing a loss of £120m in its parcels and letters business after a massive slump in the amount of people sending mail. The daily postbag has dropped from 80m items to 62m items in the space of five years, a 20 per cent decline, with further [...]
(Read More)25th May 11
Royal Mail sell-off nearly complete
by Paul Russell
Government plans to have the Royal Mail privatised moved a step closer when legislation ensured the passage through the House of Lords was cleared. The Postal Service Bill is set to return to the Commons for its final stage on 9 June prior to being granted Royal Assent. Parliamentary Secretary from Business, Innovation and Skills [...]
(Read More)4th May 11
Royal Mail sell off may close 9,000 post offices
by Paul Russell
Government proposals for the Royal Mail sell off could result in the closure of over 9,000 post offices, a new report indicated today. The Communication Workers Union (CWU) carried out research among 800 sub-postmasters and discovered that nine in 10 said they would be unable to survive without business from the Royal Mail, while a [...]
(Read More)4th Apr 11
Record rise in stamp price
by Harry Oldfield
Higher prices for postage in the UK have taken effect – with the cost of a first-class stamp rising by 5p to 46p. This marks a record rise in the price of sending standard letters which weigh under 100g by first-class mail. In addition, Royal Mail has upped the price of a second-class stamp from [...]
(Read More)22nd Mar 11
Royal mail to axe 1,700 jobs
by Katie Naylor
Royal Mail has plans to make 1,700 of its employees jobless. The drastic cuts will see 1,000 managers lose their jobs and two of its mail centres close. The latest batch of redundancies is in addition to the 1,700 workers that the company have already got rid of since the start of this year, bringing [...]
(Read More)21st Mar 11
Royal Mail shreds millions of packages each year
by Katie Naylor
The Royal Mail destroys millions of undelivered items every year according to figures just released. According to the company’s National Returns Centre some 70,000 parcels, packages and letters end up being returned every day. Although correspondence containing valuables is retained before being sent to auction, the rest is destined for the shredder. According to figures [...]
(Read More)7th Mar 11
UK postal workers will strike
by Sally Davies
Crown post office staff have decided to go on strike in a row over salaries and possible branch closings. At the 373 branches of Crown, the members of the Communication Workers Union voted to strike, voting 9 to 1 with a 66% turnout. Strikes may begin before March 31, especially if the scheduled talks with the Royal [...]
(Read More)