Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRMG.L Share News (RMG)

  • There is currently no data for RMG

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TOP NEWS: Royal Mail Attacks Union As Strike Ballot Approaches

Wed, 18th Sep 2019 15:48

(Alliance News) - Royal Mail PLC on Wednesday criticised a union for preparing industrial action, ahead of a ballot of union members.

Royal Mail said the Communication Workers Union is to ballot members to go on strike, with all members to be balloted. The earliest start date for the ballot is September 24.

Over 100,000 Royal Mail workers are members of the union, well over half the company's 162,000 employees.

"We will be urging our colleagues to vote 'no' in the upcoming ballot. Industrial action, or the threat of it, undermines the trust of our customers. It makes it harder for Royal Mail to pay for the existing industry-leading terms and conditions it provides," said Royal Mail.

"Royal Mail is committed to further talks as a matter of urgency. We believe there are no grounds for industrial action. We remain committed to open and constructive engagement with the CWU. We all want a successful and sustainable company that provides good quality jobs, fairness in workloads, and continues delivering a sustainable universal service."

The dispute has flared over implementation of a so-called Four Pillars Agreement reached last year between the union and Royal Mail. The union has claimed a culture of bullying in the workplace had not been tackled, with local CWU officers being disciplined.

Royal Mail shares were 3.8% lower on Wednesday afternoon at 217.70 pence each.

More News
19 May 2021 13:31

Wednesday broker round-up

(Sharecast News) - Ferguson: Berenberg upgrades to hold with a target price of 8,400p.

Read more
19 May 2021 12:51

Liberum reiterates rating on Royal Mail

(Sharecast News) - Liberum has reiterated its 'hold' rating on Royal Mail, but warned that the impact of an upcoming reduction to the working week was being underestimated.

Read more
16 May 2021 17:58

Sunday share tips: Royal Mail Group, Digital 9 Infrastructure

(Sharecast News) - The Sunday Times's Sabah Meddings told readers to 'buy' shares of Royal Mail Group.

Read more
13 May 2021 16:09

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

Read more
13 May 2021 09:43

BROKER RATINGS: Barclays bumps up SSE to Overweight from Equal Weight

BROKER RATINGS: Barclays bumps up SSE to Overweight from Equal Weight

Read more
13 Apr 2021 09:29

BROKER RATINGS: JPMorgan upgrades Babcock to overweight from neutral

BROKER RATINGS: JPMorgan upgrades Babcock to overweight from neutral

Read more
6 Apr 2021 09:43

BROKER RATINGS: Goldman Sachs downgrades ITV to neutral from buy

BROKER RATINGS: Goldman Sachs downgrades ITV to neutral from buy

Read more
1 Apr 2021 09:35

BROKER RATINGS: Davy starts Rentokil and Bunzl with Outperform

BROKER RATINGS: Davy starts Rentokil and Bunzl with Outperform

Read more
30 Mar 2021 09:16

TOP NEWS: Royal Mail plans one-off dividend as parcel deliveries grow

TOP NEWS: Royal Mail plans one-off dividend as parcel deliveries grow

Read more
30 Mar 2021 08:54

LONDON MARKET OPEN: FTSE 100 jumps 55 points with banks in green

LONDON MARKET OPEN: FTSE 100 jumps 55 points with banks in green

Read more
30 Mar 2021 07:50

LONDON MARKET PRE-OPEN: Royal Mail to pay one-off final dividend

LONDON MARKET PRE-OPEN: Royal Mail to pay one-off final dividend

Read more
30 Mar 2021 07:03

Royal Mail to pay one-off divi, plans doubling GLS profits by 2025

(Sharecast News) - Royal Mail said it would pay a one off dividend and held full-year profits guidance as it planned to double profits at its parcels division as Britons shifted to online shopping during the Covid pandemic.

Read more
18 Mar 2021 06:04

Royal Mail to trial bar code on millions of second class stamps

Royal Mail to trial bar code on millions of second class stamps

Read more
15 Mar 2021 09:44

BROKER RATINGS: Four banks say feast on Moonpig shares

BROKER RATINGS: Four banks say feast on Moonpig shares

Read more
12 Mar 2021 09:41

BROKER RATINGS: SocGen upgrades Shell and Centrica to Buy

BROKER RATINGS: SocGen upgrades Shell and Centrica to Buy

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.