UPDATE 1-Cost savings help Royal Mail deliver profit riseReutersRoyal Mail's shares have fallen 19 percent below their post-privatisation peak on concerns over a squeeze on parcel prices caused by over capacity in the market, the threat of a rival letter-delivery service, regulatory disputes and concerns over its …and more » More: …
Read More »Parcel hopes fail to stack up for Royal Mail – The Times (subscription)
The Times (subscription) Parcel hopes fail to stack up for Royal MailThe Times (subscription)Royal Mail has reported a rise in its full-year profits but anticipated growth in its parcels division has failed to offset declining delivery volumes. The 499-year-old postal network privatised in a stock market flotation in October 2013, …
Read More »CommentFT Opening Quote – Royal Mail, Booker Group – Financial Times
ESM – The European Supermarket Magazine CommentFT Opening Quote – Royal Mail, Booker GroupFinancial TimesRoyal Mail, a company that continues to divide City opinion, has announced full-year results. Sales and operating profits after restructuring costs are a shade ahead of some analysts' predictions at £9.4bn and £595m respectively. The outlook …
Read More »Royal Mail reports profits rise – BBC News
BBC News Royal Mail reports profits riseBBC NewsRoyal Mail has reported a rise in full-year profits, with cost cuts helping the company in a "challenging" market. It reported £740m in annual adjusted operating profit before transformation costs, up 6% from a year earlier. Revenues in the year to 29 …CompaniesRoyal …
Read More »UK stocks get a boost from miners; Royal Mail loses ground – MarketWatch
MarketWatch UK stocks get a boost from miners; Royal Mail loses groundMarketWatchRoyal Mail RMG, -0.48% shares were down 1.3% after the postal company reported a fall in 2015 pretax profit to 400 million pounds ($621 million) from £1.66 billion a year earlier. It attributed the dip in part to exceptional …
Read More »Updates from Royal Mail, Smiths Group and United Utilities – AOL Money UK
AOL Money UK Updates from Royal Mail, Smiths Group and United UtilitiesAOL Money UKA 12-point climb on Wednesday helped the FTSE 100 re-cross the 7,000 threshold, ending at 7007.2. Vodafone shares were responsible for some of the uplift, climbing 5.4% to 238.8p following merger speculation with Europe's largest cable operator …
Read More »City morning headlines: Retail spending in spotlight and Royal Mail profits rise – Evening Standard
Evening Standard City morning headlines: Retail spending in spotlight and Royal Mail profits riseEvening StandardRoyal Mail's profits rise from £421 million to £569 million but with revs up just 1% it warns that the current year depends on a good Christmas. Electrocomponents, an engineering distributor, disappoints with 21% fall in …
Read More »Royal Mail profits rise 6% to £740m – Herald Scotland
Herald Scotland Royal Mail profits rise 6% to £740mHerald ScotlandMs Greene said it had been a challenging year and highlighted the threat posed by the roll-out of Amazon's delivery network, which is expected to have an impact on Royal Mail's targets for parcel delivery growth. The results come after the …
Read More »Royal Mail extends Tracked 48 acceptance time to midnight – TameBay
Royal Mail extends Tracked 48 acceptance time to midnightTameBayRoyal Mail says it will now enhance its Tracked 48 product and allow business customers to submit parcels up until midnight, Monday to Friday all year round. These new extended hours will be serviced by 39 mail centres and eight regional distribution … …
Read More »Royal Mail PLC (RMG) Scheduled to Post Quarterly Earnings on Thursday – The Legacy
Royal Mail PLC (RMG) Scheduled to Post Quarterly Earnings on ThursdayThe LegacyShares of Royal Mail PLC (LON:RMG) opened at 500.0080 on Wednesday. Royal Mail PLC has a one year low of GBX 231.9770 and a one year high of GBX 575.2360. The stock's 50-day moving average is GBX 458.44 and …
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