September 24, 2017 12:02 AM ET

Air Freight and Logistics

Company Overview of Royal Mail plc

Company Overview

Royal Mail plc operates as an universal postal service provider in the United Kingdom and other European countries. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands. The company also provides services for the collection, sorting, and delivery of parcels and letters; and designs and produces stamps and philatelic items, as well as offers media and marketing mail services. In addition, it operates ground-based parcel delivery networks in Europe comprising the GLS network that covers 41 European countries and nation states through wholly-owned and partner companies. Further, the company provides parcel and express services, as well as logistic...

100 Victoria Embankment

London,  EC4Y 0HQ

United Kingdom

Founded in 2013

158,955 Employees

Phone:

44 8713 842 656

Key Executives for Royal Mail plc

CEO & Executive Director
Age: 63
Total Annual Compensation: 1.4M GBP
Compensation as of Fiscal Year 2017.

Royal Mail plc Key Developments

Royal Mail Announces Board Changes

Royal Mail plc announced that Keith Williams is to be appointed as a Non-Executive Director of the Company with effect from 1 January 2018. Keith will become a member of Royal Mail's Audit and Risk Committee at that time. Furthermore, the Company announced that Cath Keers will step down as a Non-Executive Director of the Company with effect from 28 February 2018 having served almost eight years on the Board. Cath will also step down as a member of the Nomination and Audit and Risk Committees at that time. Keith Williams is currently a director of Aviva plc and in the last five years has been a director of British Airways Plc.

Royal Mail Faces Strike Action as Union Talks Stall

Royal Mail are fading fast after the firm's largest union admitted that pension closure talks have reached an impasse. The Commercial Workers' Union rejected a new offer from the company. On July 14, 2017, the company revealed new pension proposals to replace the final salary pension schemes that are due to close in March 2018. The company announced plans to close its mammoth pension scheme in January. In response the CWU put forward a counter-proposal, which was rejected by the company. When the company lose business, lose money. There will be less money to fund jobs, pensions and the generous terms and conditions the company offer. If this proposal is rejected or if there is industrial action then the company may be forced to withdraw the proposal.

Royal Mail Delivers On London Property Sale

Royal Mail plc (LSE:RMG) yesterday confirmed it is in discussions over a "possible sale" of part of its Mount Pleasant sorting office. In a short statement Royal Mail said: "The discussions are ongoing and there is no certainty as to when or whether any transaction will be agreed." The announcement followed reports by Estates Gazette that the 501-year-old firm was in discussions with Taylor Wimpey over a £200m section of the site. If the mail giant completes the deal on Mount Pleasant, sales from properties in the capital would top nearly half a billion pounds, with more yet to come."

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 5, 2017
Two Sites With 2.67 Acres At Plot B And Plot D Of Battersea Site In Nine Elms
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