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Stock impact report

UPDATE 1-Royal Mail union appeals UK High Court injunction on strike [Reuters]

INTERNATIONAL DIST U/ADR (ROYMY) 
NASDAQ:AMEX Investor Relations: royalmailgroup.com/investor-centre
Company Research Source: Reuters
UPDATE 1-Royal Mail union appeals UK High Court injunction on strike (Adds background, CWU tweet) Nov 20 (Reuters) - Royal Mail’s biggest workers’ union lodged an appeal on Wednesday with Britain’s High Court after the postal service company won an injunction to stop a strike ahead of a general election and holiday season next month. Members of the Communications Workers Union (CWU) had earlier voted to go on strike, saying that the company had failed to adhere to a pension deal agreed last year, but the court ruled last week that the ballot was unlawful. Royal Mail’s daily delivery service of letters and parcels in the UK could be affected by strike action as the service forms the bulk of the company’s business, which also includes e-commerce operations. Parcelforce Worldwide, Royal Mail’s express courier parcel service, has been excluded from CWU’s ballot. "Our appeal has been lodged with the High Court. We will update you on any further developments and when we know when it will be Show less Read more
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