Member Info for OliGarch

A government spokesman said: "The universal service obligation, which currently sets out that Royal Mail must deliver letters six days a week, is set out in legislation. Any permanent changes would be for Parliament to agree. We have not received a request to change the obligation".
"We have noted Ofcom's updated findings on postal services, and will consider them carefully."
"At present, Royal Mail's universal service obligation means it has to deliver letters for six days per week and parcels for five days".
So (if approved) to drop letters to a 5 days a week service in line with parcels would mean that RM would have no obligation for a weekend service however it's fairly obvious that there needs to be a 7 days a week parcel service in order to keep abreast of the competition.
RM senior managers now have to make some very difficult decisions for the future business model whilst convincing the UK government that the service is still viable given the constraints of the USO.
It would be interesting to see how Bezos would deal with the same situation?

Lol scallywag.... I will go along with that. Seven hours a day Monday to Friday.....Get in!

couchman, I don't know where you are seeing 'lots and lots of buys'? Perhaps you were watching the cricket?
"i wold expect some weekend news and this may get a big push on monday" News on what exactly?
You might as well say "I expect a large steak on Saturday evening and a large dump on Sunday morning".....

"Parcels are the only thing keeping rmg afloat now"

I think that the bubble wrap helps?

So a 5 days a week letter service but a 7 days a week parcel service? Surely if you are walking up to a letter box with a parcel to deliver then it would be a bonus if you also have a letter to deliver as well?

Scamp "£7.00 a share? It may well be far north of that"
Perhaps MrNation's chaps will be well and truly marked if that comes true?

I can't believe that the pay negotiations haven't been settled yet. Thank heavens we are not public sector workers!

Dynamo, RMG own Angard so the 'extra cost' is surely only a paper exercise?
"Angard Staffing Solutions Limited (Angard) is a wholly owned subsidiary of Royal Mail Group (Royal Mail), operated by Reed Specialist Recruitment Limited (Reed)".
It's just my opinion but I believe that the general public are 'getting Christmas done early' this year. In the New Year there will be returns and from the end of January up to Easter we should see a significant drop off in parcels compared to now.

Dynamo, at least the business is giving us the 25th and 26th off so we can recouperate.....

One of our guys spent 7 hours driving around his allocation of priority boxes (about 70 boxes) last Sunday and came back with 2 test kits. Our CFC crew pulled 28 test kits out of the hopper before 6pm this evening, presumably from non priority boxes?

Where's TSSZ? He was giving the impression of being 'in the know' yesterday but has gone AWOL today?

It wasn't me....lol

A large buy of 501,000 at 14:32 today?

JB, I can't see today's Ricky McAulay announcement being worth £550m by any stretch of the imagination. Even if everyone was tested during the next couple of months, delivering 66 million test kits at £3 a pop would be worth £200m and getting them back to the testing stations at £3 a pop would be another £200m (and that's without a bulk discount) so what's the other £150m for?

Ricky McAulay has just released a statement to say that RM have won the contract to deliver the Covid-19 test kits 7 days a week and to check the priority postboxes. The delivery of the Covid-19 test kits will be delivered with the normal delivery from Monday to Saturday and the service will be delivered by one of the 300 units that have been set up for Sunday delivery.

Excellent news! Add the £550m contract to "Lockdown 3" in January and MrNation may get his £6 party before Easter!

JB, I believe that this is just a small add on to the original £140m Covid-19 contract that was issued in April and ends in January 2021. We have an extra crew of staff coming in at the weekend and over the Christmas holiday period (including Christmas Day) to check the 500 or so boxes in our postcode areas although I don't know why we are bothering as the public generally throw their Covid-19 home testing kits in the nearest post box anyway and they have to be retrieved from the infeed hopper of the CFC later on in the evening.

TSSZ, so all this happened 24hours ago in which case it has been priced in and locked down? Why didn't RMG release the RNS today then?
The good news appears to be that the more money that RMG loses, the higher the SP rises in which case I'm off to sell my grannies gold teeth tomorrow.

TSSZ, "watch how many big buys come through after the market closes".
They aren't showing yet. Might have to wait until Friday for the £6 push.......lol

usacpc, rumour had it that the original Covid-19 contract was for £1.4bn?