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"What does Royal Mail offer? It was a critical service at one point, is it still that today?" I don't believe it is still that. There are plenty of other options today. | |||
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"What has the UK come to when it cant invest in its own postal service but an over seas investor thinks there is money to be made. https://www.msn.com/en-gb/money/other/royal-mail-update-issued-on-3-6billion-takeover-by-czech-billionaire-what-it-means-for-your-post" As with most of the British utilities it appears British investors don't want to invest their considerable wealth in their own country. | |||
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"What has the UK come to when it cant invest in its own postal service but an over seas investor thinks there is money to be made. https://www.msn.com/en-gb/money/other/royal-mail-update-issued-on-3-6billion-takeover-by-czech-billionaire-what-it-means-for-your-post As with most of the British utilities it appears British investors don't want to invest their considerable wealth in their own country." true, thatcherite monetism relies on using other peoples money, which the thatcherites soon keep running out of. | |||
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" so what happens to all the post masters awaiting there compo looks like anther long waite for paymentor do they say its not our debt and get nothing" Different companies | |||
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" so what happens to all the post masters awaiting there compo looks like anther long waite for paymentor do they say its not our debt and get nothing" . 1990. The RM. Was broken up in to 3 different companies RM letters PO counters. Parcel force PO counter’s personal will get there compo payed | |||
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"£3.6bn is the reported sale price Royal Mail turnover is about £12.6bn 2021–2022 Royal Mail made a profit of £758 million, but this was a slight decrease from the previous year. 2023–2024 Royal Mail's adjusted operating profit was lower than expected due to inflation, strategic investments, and other factors. First half of 2024 Royal Mail's parent company, International Distributions Services (IDS), reported a profit of £4 million for the period ending September 29, 2024. This was a turnaround from a loss of £194 million in the same period the previous year. Royal Mail's operating profit has experienced dramatic ups and downs since 2013. In 2013, the coalition government privatized Royal Mail, ending 499 years of state ownership. Presumably Reeves could also have bought it back for £3.6bn " Do you think it is diminishing returns, or do you see an uplift it future profits? I personally think it is a seriously large amount of management and people for a dwindling service, and the sale price reflects that. | |||
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"£3.6bn is the reported sale price Royal Mail turnover is about £12.6bn 2021–2022 Royal Mail made a profit of £758 million, but this was a slight decrease from the previous year. 2023–2024 Royal Mail's adjusted operating profit was lower than expected due to inflation, strategic investments, and other factors. First half of 2024 Royal Mail's parent company, International Distributions Services (IDS), reported a profit of £4 million for the period ending September 29, 2024. This was a turnaround from a loss of £194 million in the same period the previous year. Royal Mail's operating profit has experienced dramatic ups and downs since 2013. In 2013, the coalition government privatized Royal Mail, ending 499 years of state ownership. Presumably Reeves could also have bought it back for £3.6bn Do you think it is diminishing returns, or do you see an uplift it future profits? I personally think it is a seriously large amount of management and people for a dwindling service, and the sale price reflects that." A few years ago I met a RM manager on here, 25 years service at the Plymouth sorting office, she said the letter post had fallen significantly and parcel post increased. On the former RM have a monopoly, on the latter a hugely competitive market. Declining high street retail and increasing Internet sales driving the parcel business. Social media and email primarily the causes for reduced letter post. Noting as well in 2022 RM wanted to axe 10,000 jobs and put out 5-6k for voluntary redundancy From their website: “Letter volumes have declined from a peak of 20 billion a year in 2004/5 to seven billion in 2022/3. In five years time, letter volumes will drop to four billion while parcels continue to grow” “As letter volumes decline, the number of UK addresses has grown by four million since 2004/5 so the cost of delivering each letter is increasing. Royal Mail lost £419 million last year” | |||
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"£3.6bn is the reported sale price Royal Mail turnover is about £12.6bn 2021–2022 Royal Mail made a profit of £758 million, but this was a slight decrease from the previous year. 2023–2024 Royal Mail's adjusted operating profit was lower than expected due to inflation, strategic investments, and other factors. First half of 2024 Royal Mail's parent company, International Distributions Services (IDS), reported a profit of £4 million for the period ending September 29, 2024. This was a turnaround from a loss of £194 million in the same period the previous year. Royal Mail's operating profit has experienced dramatic ups and downs since 2013. In 2013, the coalition government privatized Royal Mail, ending 499 years of state ownership. Presumably Reeves could also have bought it back for £3.6bn Do you think it is diminishing returns, or do you see an uplift it future profits? I personally think it is a seriously large amount of management and people for a dwindling service, and the sale price reflects that." I see a rebuild of the business from the bottom up. Lots of jobs going. Letters / post every other day in rural areas might be one. Some how it's will have to make money 💰. | |||
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"The post is in the Czech."  | |||
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"The post is in the Czech." Bravo 👏 | |||
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