Analysts have reacted cautiously to Royal Mail’s year end results, which saw the group’s turnover grow 2% year-on-year but annual profit fall by more than a third (37%). Brokerage Jefferies said the group was underperforming and estimated operating expenses would remain stable at best despite a cost drive. It added that much of the business’s future cost avoidance target of £230m rested on the success of a trial of a reduced working week agreed in the new pay and pensions […]
Royal Mail and the Communication Workers Union (CWU) have revealed the details of their agreement which has ended the lengthy dispute between the two parties.
Whistl CEO Nick Wells has blamed Royal Mail for the demise of its final-mile delivery service last month, claiming the company “screwed” Whistl with “differential pricing and some changes to zonal arrangements”.