Royal Mail

Ticker RMG

Today's data summary

Market open
% change
-1.22%
Price Pence
477.20
Change
-5.90
As of 15:36 25 Sep 2018
Market cap. Pound sterling
4,768.80 million
As of 15:38 25 Sep 2018

Latest updates

Postal worker in Eccles suspected of burning letters

A Royal Mail worker has resigned after he was suspected of taking letters home with him and burning them, the BBC can reveal.

Royal Mail
PA

The BBC understands that in about March this year, a worker at the Eccles sorting office began taking letters home with him.

It has been suggested that the worker was missing his targets and hid the letters he hadn't been able to deal with and then burned them in his garden.

The BBC has seen photographs of letters in a bag that have been singed around the edges.

The letters that they have managed to rescue are now being delivered - in some cases six months late - with a covering letter from the Royal Mail.

In a statement, Royal Mail said it is “investigating a staff member from Eccles delivery office on the suspicion of withholding and destroying mail” after it was alerted by police.

The statement adds: “These investigations are ongoing and the worker has resigned from his post.

"Royal Mail will always seek to prosecute the tiny minority of people who abuse their position of trust and we expect to do so in this case."

Royal Mail apologises over Lakenheath postal deliveries

Royal Mail has apologised after "higher than average" staff absence left some customers in Lakenheath without deliveries.

Householders found summer leave or sickness absence had not been covered - with some homes receiving one delivery in nine days.

Lakenheath Post Office
Google

Judith Spires was told there were 15 items waiting for her at the village's post office for delivery.

Royal Mail postman
PA

Royal Mail said the service in Lakenheath had been experiencing "periods of higher than average unforeseen sick absence" which had "resulted in some intermittent disruption to our services".

A spokeswoman added: "As our people return to work, we are confident that we will be able to restore a high quality of service to all our customers very soon."

Royal Mail leads FTSE risers

Royal Mail
Getty Images

The FTSE 100 has extended falls and is now trading down 0.53% at 7,418.49.

Royal Mail is now leading the blue chip risers, up 2.4% at 469.5p while bottling group Coca-Cola HBC is the biggest faller, down 2.7% at £25.85.

William Hill is now up 5.7% at 262.7p after signing a partnership deal with Eldorado Resorts to expand its US operation.

The wider FTSE 250 is down 0.25% at 20,498.64.

FTSE 100 slips below 7,600

FTSE 100 chart
BBC

The Blue chip index has slipped below 7600 and, despite bouncing back slightly, looks set to end the day in negative territory.

It's down 24 points, or 0.32%, at 7,592.88.

Royal Mail is the biggest faller, down 3.00%, followed by Standard Life Aberdeen, down 2.55%.