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The Latest Breaking News from GLS

Boss of Royal Mail owner sees pay more than triple to nearly £7m

Martin Seidenberg was paid £6.9 million in salary, bonuses and long-term incentive awards for the year to March 31.

Evening Standard

Royal Mail sees annual earnings tumble as employee costs surge

Royal Mail’s operating profits dropped to £96 million in the year to March 31, down from £198 million the previous year.

Evening Standard

Royal Mail boss’s pay package triples to £6.9m despite profits slide

Martin Seidenberg, chief executive of parent company IDS, handed payouts after takeover of UK postal service

The Guardian - UK

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Royal Mail increases annual earnings despite staff cost pressures

Royal Mail saw annual underlying earnings rise to £5 million, up from £2 million a year earlier, as revenues lifted 2.6% to £8.4 billion.

Evening Standard

Royal Mail earnings jump ahead of major delivery changes

Royal Mail is under increasing pressure to improve service levels following an Ofcom investigation

The Independent UK

The New Mercedes GLS Has 'Cloud-Based' Suspension

Mercedes’ biggest SUV just got a much-needed and comprehensive refresh. Meet the 2027 Mercedes-Benz GLS, now with a flat-plane crankshaft V8, three screens on the dash, and “cloud-based” suspension. And, as usual for Benz, it looks even more preposterously over-the-top than before.

Motor1

Royal Mail move to scrap second class post on Saturdays to take ‘many months’

Royal Mail said it had started ‘detailed work’ ahead of rolling out the changes nationwide, but that it will continue well into 2026.

Evening Standard

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Royal Mail issues warning over cuts to second-class deliveries

In its first set of figures since being taken over by EP Group, Royal Mail has returned to profit

The Independent UK

Royal Mail returns to profit after ‘year of change’

Royal Mail delivered underlying earnings, excluding voluntary redundancy costs, of £12 million for the year to March 31.

Evening Standard

Labour’s gamble with Royal Mail may go horribly wrong

Past talk of renationalisation gives way to approval of takeover in which price of first-class stamp could be set from Prague

The Guardian - UK

Royal Mail revenues boosted by election and rise in stamp prices

Parent firm’s CEO defends postal service after reported delays to ballot papers, saying: ‘What we got, we delivered’

The Guardian - UK

Fat fees for Royal Mail’s advisers, no detail for its shareholders

The offer document for proposed £3.6bn takeover of Royal Mail parent company couldn’t be more vague

The Guardian - UK

Royal Mail Owner Accepts Czech Billionaire's Takeover

Former state monopoly Royal Mail was privatized in 2013 and has since seen its core letters business ravaged as consumers increasingly communicate online, which has conversely helped its international parcels business, GLS.

International Business Times

Royal Mail parent ‘minded to’ accept £3.5bn takeover bid from West Ham co-owner Křetínský

A deal would see the 500-year-old institution Royal Mail taken off the stock market just under 11 years after it was privatised in an initial public offering

Evening Standard

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The Guardian - UK

The Guardian view on Royal Mail: when letters arrive is a social, not market, decision

Editorial: Privatisation has not seen consumer and staff interests properly protected. It is time to consider a different approach

The Guardian - UK

Dead letter office? Royal Mail wrestles with a difficult future

In private hands, the postal service has become a graveyard of management ambitions, beset by discontent and decline. Can yet another new boss save it?

The Guardian - UK

Royal Mail launches Christmas punctuality bonus as losses soar

Postal service renews call to change universal service obligation as its revenues fall

The Guardian - UK

Royal Mail owner appoints Martin Seidenberg as new chief executive

Former head of Dutch subsidiary will take up role in August, after year of disputes and heavy losses for IDS

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The Guardian - UK

With strikes behind them, get ready for Royal Mail’s next battles

The company’s position looks a little stronger now, but other big issues remain

The Guardian - UK

Bank of England denies QE caused double-digit inflation; mortgage arrears and repossessions jump – as it happened

Central bank chiefs tell MPs that unwinding QE is more like descending a mountain than decommissioning a nuclear submarine

The Guardian - UK

No light at the end of the tunnel for Royal Mail negotiations

The mess gets messier as seemingly small differences between company and CWU become magnified

The Guardian - UK

Royal Mail makes its political headache worse

Chief executive’s answers to MPs suggest regulatory headaches may await firm beset by industrial action

The Guardian - UK

Royal Mail boss has a shocker as meeting with MPs doesn’t go well

Simon Thompson seemed to arrive to talk about strikes determined not to answer questions asked

The Guardian - UK

Glazer’s supposedly reckless financial Man Utd gamble has proved a triumph

Malcolm Glazer’s purchase of the team was an enormous risk. As his sons prepare their exit, they appear on the precipice of victory

The Guardian - UK

Royal Mail’s losses are worsening and the union should start talks

CWU leaders need to reflect on realities of Royal Mail’s deepening financial hole with threat of parent group’s break-up

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