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Royal Mail 9-month Like-for-like Revenue Up

Royal Mail Plc Friday said like-for-like revenue for the nine-month period ended December 29, 2013 increased 2 percent from last year. Parcels accounted for 51 percent of revenue. Looking ahead, the company said its trading and trends in the period have been in line with its expectations, and that it …

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UK's Royal Mail boosted by rising parcel revenues

Royal Mail Group, sold off last October in Britain's biggest privatisation for decades, said higher prices for posting parcels had helped underlying group sales rise 2 percent for the nine months to Dec. 29. Parcel volumes did rise in December, Royal Mail (Other OTC: ROYMF – news) said, without saying …

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Royal Mail Rides The Online Parcel Wave

The newly-privatised Royal Mail has revealed a rise in pacel delivery revenue of 8% in the nine months to December 29. The spike in like-for-like earnings comes as the shift to online purchases continues. … More: continued here

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The Deal: Icahn Prods eBay to Spin PayPal

NEW YORK (TheStreet) eBay disclosed Wednesday a small stake taken by Carl Icahn and said the activist investor has proposed a spinoff of the e-commerce company's PayPal division.Icahn also nominated two candidates to eBay's board of directors. His stake amounts to less than 0.82% of the company. In a statement …

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