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Prices & Quotes - UK Markets - Royal Mail (RMG)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 501.00p
Change Today:
1.70p
Market Cap:
5,010m
Sector:
Industrial Transportation

Royal Mail workers vote for deal with union

By Sean Farrell

Date: Wednesday 03 Feb 2021

LONDON (ShareCast) - (Sharecast News) - Royal Mail workers have voted overwhelmingly for an agreement covering strategy, pay and jobs with the support of their union.

The company said 91.5% of eligible Communication Workers Union members voted for the agreement, allowing it to make more frequent changes to its network and introduce technology to improve service and efficiency.

Workers will get a 2.7% pay rise starting in April 2020 and a further 1% increase a year later. Some handwritten procedures will be phased out, giving Royal Mail better data, and the company will have a quicker dispute resolution process for workers.

Royal Mail said it would finish a review of its network by April that could lead to more frequent deliveries throughout the week. The company said it planned dedicated van deliveries for parcels while keeping an efficient letters business.

The FTSE 250 company delivered more parcels than letters for the first time in the six months to the end of September as parcel business boomed with the increase in online shopping during the pandemic.

"We are committed to remaining the best employer in our industry," Royal Mail said. "We are now working with CWU to implement the changes we need, in order to capitalise on the significant growth we have seen in parcels so far this year."

Royal Mail shares were little changed at 410.9p at 16:02 GMT.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Royal Mail Market Data

Currency UK Pounds
Price 501.00p
Change Today 1.70p
52 Week High 528.00p
52 Week Low 135.95p
Volume 1,768,567
Shares Issued 1,000.00m
Market Cap 5,010m
Beta 0.01

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Royal Mail Dividends

  Latest Previous
  Final Interim
Ex-Div 29-Jul-21 05-Dec-19
Paid 06-Sep-21 15-Jan-20
Amount 10.00p 7.50p

Trades for 09-Apr-2021

Time Volume / Share Price
16:35 715,947 @ 501.00p
16:29 25 @ 502.00p
16:29 186 @ 502.00p
16:29 1 @ 501.80p
16:29 248 @ 501.80p

Royal Mail Key Personnel

CEO Simon Thompson