(Bloomberg) — Royal Mail Plc said it will return 400 million pounds ($540 million) to shareholders as it gains confidence the online shopping boom that has spurred parcel deliveries will persist. The U.K. postal service will pay out half the money through a share buyback that will start immediately and …
Read More »Royal Mail – rising revenues and improving efficiency
No recommendation No news or research item is a personal recommendation to deal. All investments can fall as well as rise in value so you could get back less than you invest. Royal Mail reported a 7.1% year-on-year increase in first half revenues, reaching £6.1bn. That reflects good growth internationally, …
Read More »Royal Mail boss issues update over Christmas delivery dates
The boss of Royal Mail has issued an update to customers over Christmas delivery dates, after fears over HGV driver shortages. The company has already revealed that it will give £400 million to shareholders following a busy period after soars in online deliveries during the pandemic. Simon Thompson, boss of …
Read More »Royal Mail details CDC contribution levels
In the half year end results for Royal Mail, published today (18 November), the postal company outlined more information on its current scheme, which will contain both its long-awaited collective defined contribution (CDC) section and its defined benefit (DB) lump sum (DBLS) offering. Based on current expectations, Royal Mail said …
Read More »FTSE in the red despite Royal Mail delivering £400m payday
The FTSE 100 started another day in the red this week despite Royal Mail (RMG) delivering shareholders a £400m payday, as investors continue to worry about interest rate rises. The index slipped 0.15%, or 10 points, to trade at 7,280, with blue chips undercut by a tick-up in the pound. Sterling strengthened …
Read More »Royal Mail delays: Residents fail to receive post for 3 weeks – 36 postcodes affected
Royal Mail is experiencing delivery issues for the second time this year. The company has not delivered post to a number of areas across the UK – one of which is Chelmsford in Essex, and residents have complained about not having any post for up to three weeks. Householders in …
Read More »FTSE 100 Live 18 November: Royal Mail special dividend after shopping boom, oil price falls on strategic petroleum reserve plan by US China
R oyal Mail is set to deliver a bonus to posties and other shareholders after half-year results today included a £200 million special dividend. Other beneficiaries will include multibillionaire Daniel Kretinsky, known as the Czech Sphinx, who has built a 15% stake in the company. Royal Mail’s latest figures show …
Read More »Boost for shareholders as parcels help Royal Mail to £311m profit | Royal Mail
Royal Mail is handing £400m to shareholders after its parcel delivery business benefited from the greater shift to online spending during the pandemic. The accelerated trend to more parcels, which Royal Mail said was a permanent shift, helped it to a £311m pre-tax profit in the six months to 26 …
Read More »Does Royal Mail deliver on Saturday and Sunday?
WE all rely on Royal Mail to keep the nation connected. But do posties deliver our letters and parcels at the weekend? 1 Royal Mail is trialling a seven-day-a-week serviceCredit: PA Does Royal Mail deliver on a Saturday? Royal Mail does make deliveries on Saturdays – but it depends on …
Read More »‘We’ll be fine’: Royal Mail boss reassures customers over Christmas deliveries
The boss of Royal Mail has reassured customers that the ongoing HGV driver crisis and supply chain issues will not impact deliveries for Christmas. Simon Thompson told the PA news agency: “If you have a look at posting dates for Christmas this year, we haven’t changed them. So it’s our …
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