Latest Royal Mail news

Advent Eyes Civil Service Pension Firm Float

Advent Eyes Civil Service Pension Firm Float

The outsourcing giant which oversaw elements of Royal Mail's controversial privatisation is preparing for a sale or flotation…

  • Royal Mail to increase stamp prices again
    Royal Mail to increase stamp prices again Fri, Feb 27, 2015

    Britain's Royal Mail postal service said on Friday stamp prices would rise from March 30 as it tries to offset the impact of a steadily falling number of letters to deliver each year. Royal Mail said the price of first and second class stamps would both increase by 1 pence to 63p and 54p respectively. The increase comes after a 2p rise for first class stamps and a 3p rise for second class stamps last year.  Royal Mail, whose shares rocketed in the wake of their 2013 privatisation, also said on Friday large letter first class stamps up to 100 grammes would rise by 2p to 95p with the equivalent second class stamp going up 1p to 74p. The company said second class medium parcel prices would fall, however, while second class small parcel prices would stay at a cheaper rate used during a Christmas promotion.  Royal Mail has seen letter volumes fall steadily in recent years and forecasts further drops of 4-6 percent per year as more people use email and social media instead. More »

  • Royal Mail To Raise Stamp Costs From 30 March
    Royal Mail To Raise Stamp Costs From 30 March Fri, Feb 27, 2015

    Royal Mail is to increase the costs of both first and second class stamps from 30 March. It said the prices for first and second class stamps would rise 1p to 63p and 54p respectively, insisting the cost remained among the best in terms of value offered across Europe. Sending a large letter would increase by 2p to 95p for first class and by 1p to 74p for second class, Royal Mail said. Royal Mail also announced that it was simplifying and cutting the price of sending a second-class medium parcel, and will maintain prices for second-class small parcels which was introduced as a Christmas promotion. More »

  • Hatchet wielding man robs post office and store in Tallaght
    Hatchet wielding man robs post office and store in Tallaght Wed, Feb 25, 2015

    Two men have been charged. More »

  • Five arrested over armed robbery of Kerry post office
    Five arrested over armed robbery of Kerry post office Fri, Feb 20, 2015

    Men entered Tarbert Post Office armed with a hand gun and bat. More »

  • Japan Post to buy Australia transport company in $5B deal Wed, Feb 18, 2015

    TOKYO (AP) — Japan's post office has agreed to buy a leading Australian transportation company in a $5.1 billion deal that will give the Japanese company an Asian distribution network. More »

  • Tesco Appoints New Chairman 'At Critical Moment'
    Tesco Appoints New Chairman 'At Critical Moment' Tue, Feb 17, 2015

    Troubled supermarket Tesco has appointed John Allan as its new chairman, replacing Sir Richard Broadbent. Mr Allan, who takes up his role on 1 March, is currently on the boards of electrical retailer Dixons Carphone and Royal Mail but will step down from those posts. Mr Allan will be paid £650,000 a year as part of a three-year contract with Britain's biggest supermarket chain. He is also chairman of property company Barratt Developments and payment processing firm Worldpay, but is expected to continue in those roles. More »

  • Tesco names former Exel CEO John Allan as chairman
    Tesco names former Exel CEO John Allan as chairman Tue, Feb 17, 2015

    Tesco , Britain's biggest retailer, has named John Allan as its new chairman, succeeding Richard Broadbent who said in October he would step down in the wake of the supermarket's 263 million pounds profit overstatement. Allan, a former chief executive of logistics group Exel, is tasked with restoring Tesco's battered reputation with investors and will start the job on March 1. He will run the Tesco board as chief executive Dave Lewis, who joined in September, continues with his plan to fight back from years of market share losses, debt downgrades and the accounting scandal. Allan is currently chairman of housebuilder Barratt Developments , co-deputy chairman of electricals retailer Dixons Carphone and sits on the board of Royal Mail , but he will step down from the latter two positions when he joins Tesco. More »

  • Stamps.com posts 4Q profit Wed, Feb 11, 2015

    On a per-share basis, the El Segundo, California-based company said it had profit of 54 cents. Earnings, adjusted for one-time gains and costs, came to 72 cents per share. The online postage provider posted ... More »

  • Italian mother caught on camera 'using 10-year-old son in Naples armed  …
    Italian mother caught on camera 'using 10-year-old son in Naples armed  … Mon, Feb 9, 2015

    An Italian mother has been arrested for allegedly using her children as accomplices in an armed robbery that was caught on security camera. Carabinieri police released CCTV footage showing the woman entering a post office in Melito on the outskirts of Naples, with three minors, including two of her children. More »

  • Brooks Koepka takes a long, hard road to PGA Tour title
    Brooks Koepka takes a long, hard road to PGA Tour title Mon, Feb 2, 2015

    SCOTTSDALE, Ariz. (AP) — For the longest time, Brooks Koepka was known primarily for the stamps in his passport. More »

  • Koepka rallies to win Phoenix Open for maiden PGA Tour title
    Koepka rallies to win Phoenix Open for maiden PGA Tour title Mon, Feb 2, 2015

    SCOTTSDALE, Ariz. (AP) — Brooks Koepka has lost track of the miles flown, the oceans crossed and the stamps in his passport as he toiled in remote corners of the golfing world for more than two years to prepare himself for moments like Sunday at the Phoenix Open. More »

  • Colorado considers ban on welfare cards at pot shops
    Colorado considers ban on welfare cards at pot shops Sat, Jan 31, 2015

    Welfare money or food stamps for marijuana? It's an urban legend that won't go away in Colorado, and state lawmakers this year are poised to pass a law clarifying that public benefit cards can't be used ... More »

  • Census: 1 in 5 children on food stamps Thu, Jan 29, 2015

    Sixteen million children were on food stamps as of last year, the highest number since the nation's economy tumbled in 2008. Numbers released by the Census Bureau Wednesday as part of its annual look at ... More »

  • Royal Mail Chairman Brydon to step down
    Royal Mail Chairman Brydon to step down Thu, Jan 29, 2015

    Britain's postal operator Royal Mail said on Thursday its chairman Donald Brydon would step down later this year and that a search for his successor had begun. Brydon has been in the role since 2009 and oversaw the company's controversial privatisation in October 2013. He will continue to chair the Royal Mail board until at least its annual general meeting in the summer, the firm said. I feel that now is the right time for me to make this decision," Brydon said in a statement. More »

  • Chelsea striker Diego Costa could be suspended for Manchester City clash after …
    Chelsea striker Diego Costa could be suspended for Manchester City clash after … Wed, Jan 28, 2015

    Chelsea manager Jose Mourinho and striker Diego Costa face an anxious wait to discover whether they will be charged by the Football Association following the controversial League Cup semi-final win over Liverpool at Stamford Bridge. The Portuguese boss refused to discuss his grievances over the game's major incidents that included referee Michael Oliver's failure to award Chelsea a penalty, send-off either Lucas Leiva and Jordan Henderson, or Costa's 'stamping' on Liverpool players, over fears he may be punished again. Speaking in his post-match press conference, Mourinho took aim at an unnamed Sky pundit over leading a "campaign" against Costa, stating: "There is a campaign on the television with a certain pundit that is saying Diego Costa 'crimes'. More »

  • Banks Lukewarm Over Shared Branches Proposal
    Banks Lukewarm Over Shared Branches Proposal Tue, Jan 27, 2015

    Sky News understands that Andrea Leadsom, a Treasury Minister, suggested at a meeting with industry executives on Tuesday that communal branches could help to assuage concerns about the disappearance of physical banking services in rural communities. But speaking after the summit, bank executives said the idea would be difficult to implement and that they favoured an alternative proposal that would involve them instead negotiating new commercial arrangements with the Post Office network. The meeting, which was convened by Vince Cable, the Business Secretary, made some progress towards an industry-wide 'protocol' over branch closures, with a firm agreement expected in the coming weeks. Mr Cable said: "As banks scale back their branches, I want over-the-counter banking services to still be available to all those for whom internet banking is not an option, such as the elderly, vulnerable people or those in remote areas. More »

  • UK Post Office creates Money brand to bolster growth aims Mon, Jan 26, 2015

    By Matt Scuffham LONDON (Reuters) - Britain's Post Office said it would bring all its financial services under one brand as part of plans to become one of the UK's biggest financial services providers by 2020, laying down a challenge to the country's incumbent banks. The Post Office, which partners with Bank of Ireland to offer banking services, said it would launch the "Post Office Money" brand which customers could access in its 11,500 outlets or online. The move is intended to present the Post Office as a challenger to Britain's biggest banks, which have been hit by scandals ranging from the mis-selling of loan insurance to the attempted rigging of benchmark interest rates. More »

  • Santander UK strikes deal for customers to bank at Post Offices
    Santander UK strikes deal for customers to bank at Post Offices Mon, Jan 26, 2015

    Santander UK has reached an agreement with Britain's Post Office that will enable its personal current account and business customers to bank at the Post Office's 11,000 outlets. "As part of an overall commitment to providing our customers access and ability to do their banking when, where and how they want, Santander has concluded an agreement with the Post Office," the bank said on Monday. The UK business, part of Spain's Santander , said the arrangement was part of a wider investment programme that has seen it refurbish 40 percent of its branches and invest in digital technology. More »

  • Post Office To Expand 'Challenger' Money Arm
    Post Office To Expand 'Challenger' Money Arm Sun, Jan 25, 2015

    The Post Office will this week publicly target becoming one of Britain's leading financial services providers by the end of the decade, amid ministerial support for its vast network to play a greater role in banking provision. Sky News has learnt that the state-owned entity will announce on Monday that it is to amalgamate its range of financial products under a new umbrella brand, Post Office Money. The move is designed to promote the Post Office as a leading 'challenger' brand in financial services at a time when the big five high street banks are reducing the number of branches they operate. On Tuesday, Vince Cable, the Business Secretary, will meet major lenders to thrash out details of additional efforts to allow bank customers to make more use of the Post Office’s 11,500 outlets. More »

  • Royal Mail shares lifted by parcels progress
    Royal Mail shares lifted by parcels progress Thu, Jan 22, 2015

    By Neil Maidment LONDON (Reuters) - Britain's Royal Mail announced an improved performance at its key parcels business over a busy Christmas period, helped by price promotions, the Black Friday retail rush and its own longer business hours in an increasingly competitive market. The company's shares have dropped by about 28 percent from their post-privatisation peak on concern over a squeeze on parcel prices caused by rising competition, the emergence of a rival letter-delivery service and regulatory disputes, but Thursday's update suggests that restructuring and improvements to its parcels service are improving its fortunes. Royal Mail's efforts to compete more effectively in parcels have seen it extend its network's hours and those of collection offices. In December Royal Mail delivered 120 million parcels, more than some competitors handle in a year. More »

  • Dozens held across Europe in Islamist suspect sweeps
    Dozens held across Europe in Islamist suspect sweeps Sat, Jan 17, 2015

    By Philip Blenkinsop and Robert-Jan Bartunek PARIS/VERVIERS, Belgium (Reuters) - Belgian, French and German police interrogated dozens of Islamist suspects on Friday as much of Europe remained on heightened security alert after last week's killings in Paris and raids in Belgium in which two gunmen were killed. In Paris there was a fresh scare when a gunman took several people hostage at a post office in a northwestern suburb. Belgian police questioned 13 suspects and France held two people on Belgium's request, a day after two gunmen were killed during raids against an Islamist group that authorities said were planning to attack police. French police said they had arrested 12 people suspected of helping the Islamist gunmen behind attacks last week on a satirical magazine and kosher supermarket in Paris. More »

  • French post office hostage-taking ends, no victims
    French post office hostage-taking ends, no victims Fri, Jan 16, 2015

    An armed man who earlier took several hostages at a post office northwest of Paris on Friday has surrendered with no one hurt, a French police official told Reuters. The man equipped with a military weapon took an unconfirmed number of hostages at the post office in the town of Colombes, just outside the capital. BFM TV, citing an unidentified source, said the hostage drama was not related to last week's attacks in Paris. French police arrested 12 people earlier on Friday suspected of helping militant Islamist gunmen in last week's killings in Paris. More »

  • Paris post office hostage-taker surrenders
    Paris post office hostage-taker surrenders Fri, Jan 16, 2015

    A man who holed up in a post office in a suburb northwest of Paris with two hostages on Friday surrendered and has been arrested, a police source said. More »

  • Breaking: Hostages taken at Paris post office
    Breaking: Hostages taken at Paris post office Fri, Jan 16, 2015

    The development comes in the wake of last week’s terror attacks that killed 17 people. More »

  • Postal Service proposes small price increases on postage Fri, Jan 16, 2015

    The U.S. Postal Service on Thursday proposed slight increases for mailing postcards and international letters — but wants to leave first-class "Forever" stamps at their present 49 cents. Under ... More »

  • UK Mail gains from rival's demise; dumps pallets unit Wed, Jan 14, 2015

    (Reuters) - (Story corrects January 13 story to remove references to Royal Mail in paragraphs 6 and 7; removes paragraph 9. Royal Mail did not report any problems during the Christmas period) UK Mail Group Plc said its parcel delivery business had been boosted after rival City Link stopped operations last month, adding it had decided to pull the plug on its ailing pallets unit. Shares in UK Mail, which provides mail, parcels and logistic services, jumped about 8 percent in thin volumes, making it one of the top percentage gainers on the London Stock Exchange. ... More »

  • Pope mania sweeps Philippines ahead of Pope Francis' visit
    Pope mania sweeps Philippines ahead of Pope Francis' visit Tue, Jan 13, 2015

    MANILA, Philippines (AP) — Well before Pope Francis' plane touches down in this Asian bastion of the Roman Catholic faith, Filipinos have been snapping their selfies beside his life-sized cutout image in churches and malls. His face beams from welcome posters, shirts, cookies, coins, stamps, coffee mugs and all imaginable mementoes. More »

  • City Heavyweights To Join Quindell Revamp
    City Heavyweights To Join Quindell Revamp Sun, Jan 11, 2015

    A former finance director of Royal Mail and one-time boss of Prudential in the UK will this week join an attempt to rehabilitate the reputation of the controversial insurance claims outsourcer Quindell. More »

  • More than 100 patients made to collect medical news from the post office
    More than 100 patients made to collect medical news from the post office Fri, Jan 9, 2015

    The incident occurred when letters sent out from Belfast City Hospital were not franked. More »

  • New Year's card sheep completes knitting scarf
    New Year's card sheep completes knitting scarf Tue, Dec 30, 2014

    TOKYO (AP) — When millions of Japanese get their customary New Year's greeting cards Thursday, the sheep that's on the postage stamps will have finished knitting the scarf it began 12 years ago. More »

  • A man in his 70s has gone on hunger strike to save his local post office
    A man in his 70s has gone on hunger strike to save his local post office Mon, Dec 29, 2014

    Michael Kilgannon says he is feeling “fine” after 48 hours. More »

  • Royal Mail, DX Snubbed City Link Rescue Deal
    Royal Mail, DX Snubbed City Link Rescue Deal Sat, Dec 27, 2014

    Rival delivery companies including Royal Mail were approached about a pre-Christmas rescue of City Link, the parcel services provider which collapsed into administration this week. More »

  • Bridges to be featured on stamps
    Bridges to be featured on stamps Sat, Dec 27, 2014

    Bridges, comedians, inventions, bees and rugby will all feature on special stamps being issued by the Royal Mail in 2015. More »

  • U.S.-funded radio station says Azerbaijan office raided Fri, Dec 26, 2014

    WASHINGTON (Reuters) - Azerbaijani authorities have raided and closed the bureau of the U.S.-funded Radio Free Europe/Radio Liberty (RFE/RL) in an apparent attempt to silence one of the country's last independent media outlets, the station said on Friday. It said in a statement that investigators and armed police had ordered employees into a room of the station's Baku bureau while they ransacked a company safe and confiscated documents and official stamps. ... More »

  • Tradition continues at Bethlehem post office Wed, Dec 24, 2014

    BETHLEHEM, N.H. (AP) — An old piece of postal equipment in northern New Hampshire is getting a workout from people who want their Christmas cards marked as coming from the little town of Bethlehem. More »