FTSE LIVE: Royal Mail bids to block Christmas strikes; British Airways owner IAG sees passenger numbers rise; High Street hit by ‘perfect storm’ of woes
- Royal Mail locked in dispute over pay with the Communication Workers Union
- IAG saw passenger numbers rise to 10.3million in October, up from a year ago
Royal Mail is gearing up to go to court in a bid to block potential strikes by postal workers during the general election and the crucial Christmas period.
It said it is seeking an interim order to block the strike ballot, which was overwhelmingly supported by union members in October.
Elsewhere, British Airways’ owner IAG has reported an upturn in passenger numbers for last month, although the pace of growth of slowed.
Meanwhile, High Street sales collapsed in the last week of October amid political upheaval as retailers face a ‘perfect storm’ in the crucial Christmas trading period, new figures from the BDO High Street Sales Tracker suggest.