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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.

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29 Mar 2022 09:54

TOP NEWS SUMMARY: War hits consumer confidence as peace talks resume

(Alliance News) - The following is a summary of top news stories Tuesday.

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29 Mar 2022 08:36

LONDON BROKER RATINGS: JPMorgan cuts Barclays and raises Virgin Money

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

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29 Mar 2022 07:22

LONDON BRIEFING: SSE raises annual guidance despite weak wind power

(Alliance News) - Electricity utility SSE on Tuesday lifted annual guidance and said it does not have any supply pacts with Russian counterparts.

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28 Mar 2022 09:17

LONDON BROKER RATINGS: HSBC lifts Kingspan; UBS raises Aviva

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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27 Mar 2022 19:59

Sunday newspaper round-up: Biden, Beer, Royal Mail

(Sharecast News) - The White House clarified comments from Joe Biden who earlier had called for Russian President Vladimir Putin's ouster. In a speech delivered in Poland, Biden said: ""For God's sake, this man cannot remain in power." A spokesman for the White soon after stated that US leader was not talking about 'regime change'. "The president's point was that Putin cannot be allowed to exercise power over his neighbours or the region," the spokesman explained. - The Sunday Times

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17 Mar 2022 09:40

LONDON BROKER RATINGS: Upgrades for Diageo, Whitbread and Fevertree

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

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9 Mar 2022 11:41

IN BRIEF: Go-Ahead hires Royal Mail UK interim CFO as finance chief

Go-Ahead Group PLC - Newcastle, England-based public transport operator - Hires Sarah Mussenden to be chief financial officer, starting May 9. Mussenden currently is interim CFO at Royal Mail UK, part of Royal Mail PLC. Previous roles were at British Gas, part of Centrica PLC, and British Airways, part of International Consolidated Airlines Group SA. She currently is a non-executive director of asset manager Premier Miton Group PLC. At Go-Ahead, Mussenden will replace Interim CFO Gordon Boyd.

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3 Mar 2022 13:36

Credit Suisse downgrades Royal Mail, highlights parcel volume risks

(Sharecast News) - Credit Suisse downgraded Royal Mail on Thursday to 'underperform' from 'neutral' and cut the price target to 345p from 558.11p, citing 10% potential downside.

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3 Mar 2022 10:02

LONDON BROKER RATINGS: Downgrades for Hikma Pharma and Royal Mail

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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2 Mar 2022 09:52

LONDON BROKER RATINGS: Downgrades for AB Foods, BT and Royal Mail

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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2 Mar 2022 07:47

Liberum downgrades Royal Mail to 'sell', shares slump

(Sharecast News) - Liberum downgraded its stance on Royal Mail on Wednesday to 'sell' from 'hold' and cut the price target to 355p from 470p as it pointed to a margin squeeze risk from pay inflation ahead of the company's pay negotiations with trade union CWU.

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1 Mar 2022 10:46

Evraz and Polymetal to leave FTSE 100, Howden set to join

(Sharecast News) - Evraz and Polymetal International will drop out of the FTSE 100 after the shares were hammered by Russia's invasion of Ukraine with Howden Joinery ready to join the index of top public companies.

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3 Feb 2022 16:18

UK earnings, trading statements calendar - next 7 days

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TRADING UPDATES: Kingswood delivers record performance; Mears upbeat

TRADING UPDATES: Kingswood delivers record performance; Mears upbeat

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27 Jan 2022 10:09

LONDON BROKER RATINGS: Fresnillo and Polymetal hit by downgrades

LONDON BROKER RATINGS: Fresnillo and Polymetal hit by downgrades

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