This is Money DOGBERRY: 'Hand-held scanners' that can provide 'image capture'… Does …This is MoneyTHE ACCUSED: Moya Greene, chief executive, Royal Mail. WHAT SHE SAID: On 'next generation hand-held scanners' given to postmen, 'these new devices will enhance functionality, including the capability to provide interactive alerts and image capture'.and more » …
Read More »Royal Mail leads FTSE 100 lower
The company, whose parcels operation accounts for over half of group sales, cut its forecast for the annual rate of growth in the UK parcels market from a medium term target of 4% to as little as 1% over the next two years. More: continued here
Read More »Strike at Royal Mail Dundee West Delivery Office in Baird Avenue – stv.tv
stv.tv Strike at Royal Mail Dundee West Delivery Office in Baird Avenuestv.tvRoyal Mail said it was continuing talks with Communications Workers Union (CWU). In order to clear a backlog of deliveries extra staff and managers have been drafted into the depot. Staff who took part in the unofficial strike will …
Read More »Best of the boards: Quindell, Royal Mail and Halma – Interactive Investor
Best of the boards: Quindell, Royal Mail and HalmaInteractive InvestorThis week on Interactive Investor's best of the boards, we take a look at how users reacted to news from Quindell, Royal Mail and Halma. There are yet more problems for Quindell, with what seems like every man and his dog …
Read More »Fierce competition in parcels and letters sees Royal Mail's half year profits drop by a fifth
Shares fell more than 8 per cent to end 39.2p down at 430p after the privatised group revealed a slip in operating profits from £353m to £279m, while sales barely grew at £4.5bn. More: continued here
Read More »Royal Mail’s Managed Decline – London Review of Books (subscription) (blog)
MoneyWeek Royal Mail's Managed DeclineLondon Review of Books (subscription) (blog)When the business secretary Vince Cable announced the sale of Royal Mail shares last autumn, his Labour counterpart Chuka Umunna, rather than focusing on the principle of a publicly owned postal service, complained that taxpayers were being ripped off.Who does Royal …
Read More »Royal Mail 6-day betrayal: Privatised postal giant may have to end daily deliveries
Royal Mail has warned daily deliveries are under threat because of cut-throat competition. The postal giant, which has seen its profits slump by £74million, says allowing rivals to cherry pick lucrative business contracts could make its six-day-a-week service no longer viable. More: continued here
Read More »Who does Royal Mail Group think it’s fooling?
Royal Mail Group's problems are deep-rooted, says Bengt Saelensminde. It's being taken to the cleaners by its nimbler competitors. The post Who does Royal Mail Group think it’s fooling? was first published on MoneyWeek . More: continued here
Read More »Royal Mail: One Challenge too Many? – Morningstar
MoneyWeek Royal Mail: One Challenge too Many?MorningstarThe dangers of investing in a kneejerk reaction the moment the stock market opens at 8am were amply demonstrated by what happened to shares in Royal Mail (RMG) when it produced its first half results. Those who bought in haste were left to repent …
Read More »Royal Mail in trouble? Now, who would have guessed that, Vince? – The Independent
The Independent Royal Mail in trouble? Now, who would have guessed that, Vince?The IndependentWhich leaves us with another idea: simply give the Royal Mail a taxpayer subsidy to keep the service going. Sounds pretty reasonable, but would that be allowed under European rules? Doubtful. And besides, taxpayers would not be …
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