Royal Mail

Royal Mail profits hit as Amazon expansion leaves it in the shadeFinancial TimesRoyal Mail's attempts to overhaul its business in the year since privatisation faltered as it revealed a 21 per cent fall in first-half operating profits due to stiff competition from Amazon. The FTSE 100 company placed its parcels …

Royal Mail has reported a profits drop of 21% for the first half of the year ending in September amid loss of its share of the growing online parcel delivery market. More: continued here

Evening Standard Royal Mail profits fall as Amazon steps up the pressureEvening StandardRoyal Mail halved the expected growth rate of its UK parcels market to 1-2% to due to fierce competition. The group, sold off by the government in October 2013, said operating profit before transformation costs for the six …

Royal Mail PLC (LON:RMG) is dreaming of a busy Christmas period to boost its fortunes. More: continued here

The delivery service's stock price has fallen dramatically after profits plummeted by 21% More: continued here

euronews Royal Mail reversal puts Britain's FTSE under pressureReuters UKEDINBURGH, Nov 19 (Reuters) – Britain's main equity index snapped a four-day winning streak on Wednesday as heavyweight mining stocks were hit by a fall in iron ore prices and disappointing trading updates from Royal Mail and testing firm Intertek.Wednesday morning …

Royal Mail warns that rival firms are endangering its government-mandated Universal Service, which guarantees an affordable postal service nationwide. More: continued here

By Alistair Smout EDINBURGH (Reuters) – FTSE snapped a four-day winning streak on Wednesday as heavyweight mining stocks were hit by a fall in iron ore prices and disappointing trading updates from Royal … More: continued here

By Neil Maidment LONDON (Reuters) – Online retail giant Amazon's own delivery service will more than halve the growth potential for Royal Mail's parcels business, the former state-owned British company said on Wednesday, sending its shares lower. Parcels make up half of Royal Mail's turnover and the development of online …

Royal Mail Plc, the British postal service that sold stock to the public last year, said first-half profit declined and warned that Amazon.com Inc.’s move to develop its own delivery network will trim the parcel market for other carriers. More: continued here