Royal Mail

Ticker RMG

Today's data summary

Market closed
% change
+2.70%
Price Pence
232.10
Change
+6.10
As of 23:42 17 Nov 2019
Market cap. Pound sterling
2,320.90 million
As of 23:42 17 Nov 2019

Latest updates

CWU action 'form of subversion'

In the High Court Mr Justice Swift said in his judgment, concerning CWU encouraging postal workers to take their voting papers from the frames in the delivery centre and fill them out at work: “This was an interference that was accurately described as improper.

"Strike ballots should be postal ballots. Each voter should receive a voting paper at home.

What CWU did was a form of subversion of the ballot process. It was an interference with voting.”

No Christmas post strike

Royal Mail worker
PA Media

More on that Royal Mail High Court victory.

The company brought legal action against the Communication Workers Union (CWU) after its members voted to back walkouts by 97% on a turnout of 76% last month.

But Royal Mail argued that the ballot had "potential irregularities" and was null and void.

During a hearing on Tuesday, Royal Mail claimed the union orchestrated a "de facto workplace ballot", contrary to rules on industrial action, to maximise the turnout and the "yes" vote.

CWU lawyers argued there was no evidence of interference with the ballot and that "legitimate partisan campaigning" by the union in favour of a "yes" vote did not violate the rules.

BreakingRoyal Mail strikes blocked

Royal Mail has won a High Court injunction against winter strikes planned by postal workers.

More as we get it.

Royal Mail appeal against £50m fine is dismissed

Post Office
Getty Images

The Competition Appeal Tribunal has dismissed Royal Mail’s appeal against Ofcom's £50m fine for breaching competition law.

The 2018 fine was for its actions in 2014 when Whistl, then known as TNT, was trying to become its first competitor in wholesale mail delivery.

An Ofcom spokesperson said: “We found that Royal Mail pursued a deliberate strategy of pricing discrimination against Whistl, which was its only major competitor for delivering business mail.

“Royal Mail had a special responsibility to ensure its behaviour was not anti-competitive. We hope that our fine, which has been upheld in full by the Tribunal, will ensure that Royal Mail and other powerful companies take their legal duties very seriously.”

Royal Mail dispute heading to High Court

Today Programme

BBC Radio 4

Postman emptying letterbox
AFP

Royal Mail is going to the High Court this afternoon in a bid to stop a postal strike, which could disrupt deliveries in the run-up to the general election and Christmas.

Employment lawyer Jonathan Chamberlain, of Gowling WLG, told the Today programme: "They will be looking at very detailed and technical results related to balloting.

"Unless a strike is properly balloted then a company can apply to court to stop it going ahead. Here the suggestion is that the ballot wasn’t secret because ballot papers were being opened, and also that employees - perhaps union members - interfered with the balloting, and that’s prohibited under the legislation."

Any ruling in Royal Mail's favour is more likely to delay the strike rather than get it called off permanently.

Mr Chamberlain added: "The wording is clear, there can’t be interference in the ballot. But there is a general principle in English law that minor mistakes shouldn’t overhaul the whole of an exercise such as this, so I imagine that in a case like this it will be how widespread this practice was.

"You can’t solve industrial disputes in the court. If the union got the balloting wrong and these things occurred all they have to do is reballot and we will have a strike later."