Royal Mail’s profit warning has been met with shock by analysts who have warned that the group faces relegation from the FTSE 100 if it cannot tackle its productivity problem. In a trading update for the half year to 23 September 2018 released yesterday (1 October) the group revealed a 7% fall in addressed letters and productivity gains at just 0.1%, well short of its target of 2-3% growth. Royal Mail said the 18-month labour dispute that ended in January […]
Pre-tax profit at Arcese UK fell over 30% in the year to the end of December, accounts posted at Companies House have shown.
Royal Mail staff have accepted a deal with the Communication Workers Union to increase pay, job security and stability, ending the operator’s lengthy dispute with the union.