Royal Mail Says Strong Letters Volumes Balancing Out Parcel Pressure – UpdateNASDAQRoyal Mail PLC (RMG.LN) warned Tuesday over intensifying competition in the parcel delivery market, but said a stronger-than-expected performance from its letters business will help it meet full-year expectations. "Given the increasing challenges we … More: continued here
Read More »Its share price has fallen, but the Royal Mail sale was still a debacle – New Statesman
New Statesman Its share price has fallen, but the Royal Mail sale was still a debacleNew StatesmanAn announcement today, from the recently privatised Royal Mail PLC, has reignited the debate over whether the company was sold incompently by the coalition. A slight fall in the share price has led some …
Read More »Royal Mail parcel warning is major concern
Chief executive Moya Greene said revenue growth of just 2% for the three months was "in line with our strategy". Letter volumes fell 3% – less than expected – and were easily offset by higher prices and election traffic. In fact, letter revenue actually grew 3% this time. But a …
Read More »Royal Mail: Can posties compete with Amazon's drones?
Shares in Royal Mail have dropped to their lowest point since privatisation as the FTSE100 delivery company admits it is suffering from "intensifying competition" from the likes of Amazon More: continued here
Read More »Royal Mail delivers disappointing update – Scotsman
Royal Mail delivers disappointing updateScotsmanRoyal Mail shares this morning fell to their lowest level since their controversial privatisation last autumn after the group warned that aggressive competition meant parcels revenue for the full year would be lower than expected. The stock, which has … More: continued here
Read More »Royal Mail shares fall after warning over Amazon blow to parcels business – Evening Standard
Evening Standard Royal Mail shares fall after warning over Amazon blow to parcels businessEvening StandardRoyal Mail placed its parcels division at the centre of its growth plans in its £3 billion flotation, claiming it was “well-positioned to benefit further from predicted levels of growth in the overall UK parcel market” …
Read More »Royal Mail: Posties can't compete with Amazon's drones
Shares in Royal Mail have dropped to their lowest point since privatisation as the FTSE100 delivery company admits its suffering from "intensifying competition" from the likes of Amazon More: continued here
Read More »Royal Mail struggles to deliver as competition for parcels grows – Financial Times
Royal Mail struggles to deliver as competition for parcels growsFinancial TimesRoyal Mail has reported weaker than expected performance in UK parcels and warned that it faces “increasing challenges” in that crucial battleground, sending its share price down to its lowest level since October's flotation. Moya Greene, chief … More: continued …
Read More »Royal Mail share price falls as Amazon parcel rethink hurts revenue – The Guardian
The Guardian Royal Mail share price falls as Amazon parcel rethink hurts revenueThe GuardianIn a trading update that comes two days ahead of Royal Mail's shareholder meeting, the first since the 500-year old postal service was privatised last year, chief executive Moya Greene said the business is facing intensifying competition, …
Read More »Royal Mail PLC Dips On Warning Of Lower-Than-Expected Parcels Revenue
Royal Mail PLC (LON:RMG) hopes overall performance for full year will remain in line with guidance. More: continued here
Read More »