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Royal Mail: Royal Mail Group
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Royal Mail Group is the UK's dominant postal services company as well as the country's biggest retailer, as a result of its national chain of post offices. Known until 2000 as The Post Office, the company has for several years endured a stormy relationship with the British government, still its effective owner. Competition from rival delivery companies increased dramatically during the 1990s, but Royal Mail was prevented from responding in kind because of the commercial restrictions imposed by state control. Freedom, finally granted in 2000, came at a high price. The renamed Consignia lost its biggest government contract, as well as its monopoly on low-price mail delivery. Struggling to survive, the company changed its name again in 2002 and announced a three year restructuring program, which resulted in record profits for 2005.
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The Royal Mail is saluting the Beatles in January by releasing six commemorative stamps illustrated with memorable album covers. The set includes ran image of With the Beatles, released in 1963, which was the group's second album. In the United States, it was the first Beatles album to be released and was titled Meet the Beatles.
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Royal Mail said that the CWU had tried to create a political issue rather than focussing on a pay deal which offers 2.5% on basic pay as well as a dividend of £800 and a 50:50 productivity sharing scheme. Colleagues in Parcelforce, the group’s parcel’s division, have already voted to accept a similar pay offer on a recommendation by the CWU.
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Postcomm, the regulator of postal services consulted on a new price and quality of service framework for Royal Mail, which took effect from April 2006. Whilst the previous regime consisted of 15 minimum service standards across a range of products, the new frameworkincludes elements of the universal service obligation and mail integrity. To make room for these new standards, some productsare groupedtogether and a target is applied to each 'basket'. The performance of the basket is calculated by aggregating the performance of each individual product within that group.
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LONDON, July 6 /PRNewswire-FirstCall/ -- Global Crossing announced a three-year extension of its eight-year agreement with Lockheed Martin to provide a fully managed IP solution for Royal Mail in the United Kingdom. Royal Mail is the nationwide postal service operated by holding company Royal Mail Group plc. The extension is valued at $14 million and means the contract will now run to 2011.
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Other winners of the 14 award categories last night included British Gas, Royal Mail, Serco, the services company, and Yorkshire Water. Axis Europe, a diversified group with operations in contracting, maintenance, retail display and printing, was named small company of the year.
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