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Royal Mail PLC (RMG.L)

RMG.L on London Stock Exchange

208.60GBp
22 Jan 2020
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Latest Key Developments (Source: Significant Developments)

RWC Asset Management Discloses 5.01% Stake In Royal Mail
Friday, 10 Jan 2020 

Jan 10 (Reuters) - Royal Mail PLC ::RWC ASSET MANAGEMENT LLP DISCLOSES 5.01% STAKE IN ROYAL MAIL PLC AS OF JAN 9 - FILING.  Full Article

Royal Mail Announces Appeal Of CAT Judgment
Wednesday, 4 Dec 2019 

Dec 4 (Reuters) - Royal Mail PLC ::ROYAL MAIL PLC - ROYAL MAIL ANNOUNCES APPEAL OF CAT JUDGMENT.ROYAL MAIL PLC - LODGED PAPERS WITH COMPETITION APPEAL TRIBUNAL TO SEEK PERMISSION TO APPEAL ITS RECENT JUDGMENT.  Full Article

Royal Mail Confirms Court Upheld Injunction To Stop CWU Strike
Thursday, 28 Nov 2019 

Nov 28 (Reuters) - Royal Mail PLC ::COURT OF APPEAL UPHOLDS HIGH COURT INJUNCTION.CONFIRMS CWU HAS BEEN UNSUCCESSFUL IN APPLICATION TO COURT TO OVERTURN INTERIM INJUNCTION GRANTED BY HIGH COURT ON 13 NOVEMBER.HIGH COURT RULED THAT A POSTAL BALLOT OF ROYAL MAIL EMPLOYEES FOR INDUSTRIAL ACTION WAS "UNLAWFUL" AND GRANTED AN INTERIM INJUNCTION.ROYAL MAIL, IN RESPECT TO NEGOTIATIONS WITH CWU, SAYS "WE WANT TO REACH AGREEMENT".  Full Article

Royal Mail Says Transformation Plan Behind Schedule
Thursday, 21 Nov 2019 

Nov 21 (Reuters) - Royal Mail PLC ::H1 PRETAX PROFIT 173 MILLION STG.UK LETTER REVENUE PERFORMANCE IN FIRST HALF IS BEST FOR 5 YEARS.IN 2020-21, CO EXPECTS LETTER VOLUME DECLINE (EXCLUDING ELECTIONS) MAY BE IN 6-8 PER CENT RANGE..HY OPERATING PROFIT 61 MILLION STG VERSUS LOSS OF 4 MILLION STG.TRANSFORMATION IS BEHIND SCHEDULE.INVESTING MORE BECAUSE OF INDUSTRIAL RELATIONS ENVIRONMENT, GENERAL ELECTION AND CHRISTMAS.HY PROFIT BEFORE TAX 173 MILLION STG VERSUS 33 MILLION STG.INTERIM DIVIDEND PER SHARE 7.5P.HY REVENUE 5,166 MILLION STG VERSUS 4,914 MILLION STG.HY UK PARCELS BUSINESS PERFORMING WELL. VOLUMES UP 5 PER CENT..ROYAL MAIL - LOWER THAN ANTICIPATED GDP, LOWER GDP FORECASTS FOR 2020-21, BUSINESS UNCERTAINTY, EXPECTED TO HAVE IMPACT ON ADDRESSED LETTER VOLUMES.HY TOTAL LETTER REVENUE DOWN 1.4 PER CENT, FOLLOWING APPROPRIATE PRICING ACTIONS AND BENEFIT OF EUROPEAN PARLIAMENTARY ELECTION.HY ADDRESSED LETTER VOLUMES DOWN 5 PER CENT.SAYS "PEOPLE ARE POSTING FEWER LETTERS AND RECEIVING MORE PARCELS. WE HAVE TO ADAPT TO THAT CHANGE".HY EXCLUDING EUROPEAN PARLIAMENTARY ELECTION MAILINGS, ADDRESSED LETTER VOLUMES DECLINED BY 8 PER CENT.HY A 2.2 PER CENT IMPROVEMENT IN PRODUCTIVITY (FULL YEAR TARGET: OVER 2 PER CENT).HY TOTAL ADJUSTED OPERATING COSTS INCREASED BY 2.9 PER CENT.REVENUE AND COST HEADWINDS COULD POSSIBLY RESULT IN A BREAK-EVEN OR LOSS-MAKING POSITION FOR UK BUSINESS IN 2020-21.  Full Article

UK's CWU Says Appeal Lodged With Court After Royal Mail Won Injunction To Stop Strikes
Wednesday, 20 Nov 2019 

Nov 20 (Reuters) - Communication Workers Union::UNION CWU ON PROPOSED POSTAL STRIKES SAYS APPEAL HAS BEEN LODGED WITH THE HIGH COURT AFTER ROYAL MAIL WON INJUNCTION TO STOP STRIKES.  Full Article

Royal Mail Says High Court Ruled That CWU's Postal Ballot Of Co Employees For Industrial Action Was "Unlawful"
Wednesday, 13 Nov 2019 

Nov 13 (Reuters) - Royal Mail PLC ::ROYAL MAIL CONFIRMS HIGH COURT INJUNCTION.CONFIRMS HIGH COURT HAS RULED THAT CWU'S POSTAL BALLOT OF ROYAL MAIL EMPLOYEES FOR INDUSTRIAL ACTION WAS "UNLAWFUL".ROYAL MAIL'S APPLICATION TO HIGH COURT DID NOT APPLY TO EMPLOYEES WITHIN PARCELFORCE WORLDWIDE."INTERIM INJUNCTION MEANS NO INDUSTRIAL ACTION CAN BE TAKEN BEFORE COMPLETION OF A LAWFUL BALLOT"."COMPLETION OF LAWFUL BALLOT WILL RESULT IN A VOTE IN FAVOUR OF INDUSTRIAL ACTION, AND FORMAL NOTIFICATION TO COMPANY OF ANY ACTION"."WE STAND READY TO ENGAGE WITH CWU"."IF CWU GIVES BINDING COMMITMENT TO REMOVE THREAT OF STRIKE ACTION FOR REST OF YEAR, WILL ENTER INTO DISCUSSIONS WITHOUT PRECONDITIONS"."REMAINS COMMITTED TO ITS AGREEMENTS WITH CWU"."WILL CONTINUE TO DELIVER CHANGE WITHOUT COMPULSORY REDUNDANCY, IN LINE WITH OUR AGREEMENTS".  Full Article

UK's CWU Says High Court Ruled Against It On Royal Mail Seeking Injunction To Block Potential Strikes
Wednesday, 13 Nov 2019 

Nov 13 (Reuters) - Royal Mail PLC ::UK'S CWU SAYS HIGH COURT HAS RULED AGAINST IT IN RELATION TO ROYAL MAIL SEEKING INJUNCTION TO BLOCK POTENTIAL STRIKES.  Full Article

Royal Mail Has Won High Court Injunction To Block Potential Strikes By Postal Workers - Sky News
Wednesday, 13 Nov 2019 

Nov 13 (Reuters) - :ROYAL MAIL HAS WON HIGH COURT INJUNCTION TO BLOCK POTENTIAL STRIKES BY POSTAL WORKERS - SKY NEWS.  Full Article

Uk's Competition Appeal Tribunal Upholds Ofcom's Decision On 50 Mln Stg Royal Mail Fine
Tuesday, 12 Nov 2019 

Nov 12 (Reuters) - Royal Mail PLC ::UK'S COMPETITION APPEAL TRIBUNAL SAYS UPHELD OFCOM'S DECISION WITH REGARDS TO £50 MILLION FINE ON ROYAL MAIL.  Full Article

Royal Mail To Seek Injunction Against CWU Due To Potential "Irregularities" In Ballot
Friday, 8 Nov 2019 

Nov 8 (Reuters) - Royal Mail PLC ::ROYAL MAIL SEEKS INJUNCTION - CWU BALLOT.SEEKS INJUNCTION DUE TO POTENTIAL "IRREGULARITIES IN CWU BALLOT".WILL MAKE APPLICATION TO COURT FOR INTERIM ORDER TO INJUNCT CWU WITH RESPECT TO RECENT POSTAL BALLOT OF EMPLOYEES FOR INDUSTRIAL ACTION.ALSO MAKING APPLICATION BECAUSE OF "DAMAGE INDUSTRIAL ACTION WOULD DO TO COMPANY AND ITS CUSTOMERS IN RUN-UP TO CHRISTMAS".SAYS IT "IS SEEKING A HIGH COURT ORDER THAT BALLOT, WHICH OPENED ON 24 SEPTEMBER 2019 AND CLOSED ON 15 OCTOBER 2019, WAS UNLAWFUL".ASKING THAT, UNTIL CWU CONDUCTED "LAWFUL" BALLOT, RESULTING IN VOTE IN FAVOUR OF STRIKE, IT WILL NOT BE ABLE TO SERVE NOTICE OF ACTION.ALONGSIDE APPLICATION FOR AN INJUNCTION, CO WILL REVIEW WHETHER ANY FURTHER ACTION IS REQUIRED; CO HAS ALSO INFORMED OFCOM.EXPECTS ITS APPLICATION TO BE HEARD IN HIGH COURT IN WEEK COMMENCING 11 NOVEMBER.ROYAL MAIL'S APPLICATION DOES NOT APPLY TO EMPLOYEES WITHIN PARCELFORCE WORLDWIDE.SUPPLIED SUBSTANTIAL EVIDENCE TO HIGH COURT FROM AT LEAST 72 OF ITS UK SITES THAT IRREGULARITIES IN CWU BALLOT OCCURRED.  Full Article

UPDATE 1-Royal Mail union loses appeal to overturn injunction halting strike

Nov 28 Britain's Royal Mail on Thursday confirmed that its biggest union lost an appeal to overturn a High Court injunction to stop a strike ahead of a general election and the holiday season next month.