CITY A.M. Ed Richards delivers blow to Royal Mail as Ofcom rejects competition claims …CITY A.M.The postal service is finding it tough grappling with rivals while having to provide the universal service. Oliver Gordon reports. ROYAL Mail was hit by a double-whammy of bad news yesterday after Ofcom rejected its claims that competition was ……
** Royal Mail shares heading towards lowest levels since listing a year ago amid ongoing disappointment over Ofcom ruling ** Easily most actively traded stock on FTSE 100 with more than normal avg volume … More: continued here
Britain's top share index edged lower from a one-week high on Wednesday, hit by renewed weakness in Royal Mail and oil majors even after UK economic data and some company earnings beat expectations. The … More: continued here
This is Money Royal Mail receives stock market hammering after competition complaints …This is MoneyRoyal Mail received a stock market hammering after its competition complaints were rejected by the regulator. More than £120m was wiped from the company's value after Ofcom said that the Universal Service – which requires Royal Mail to deliver post six ……
Express.co.uk New blow for Royal Mail as Ofcom rejects competition threatsExpress.co.ukHowever, it said it will initiate a broader review of factors affecting Royal Mail's ability to deliver the universal service and will consider the company's efficiency and its parcel delivery performance. The regulator believes that competition from … More: continued here
The Independent Royal Mail shares take a hit after regulator rejects claims universal service …The IndependentWhistl has claimed Royal Mail's problems, which included a 21 per cent drop in profit to £279 million in last month's interim results, were because “it lags behind its most modernised EU peers in terms of efficiency, cost reduction, productivity…
More than £120m was wiped from the company’s value after Ofcom said that the Universal Service – which requires Royal Mail to deliver post six days a week across the UK – was not ‘under threat’. More: continued here
The Guardian Politicians threw Royal Mail to the wolvesThe GuardianOfcom is right to raise fears that unfair competition is damaging Royal Mail's ability to deliver to every UK home for a set price. Competitors are creaming off profitable urban mail, while leaving expensive rural mail for Royal Mail to deliver. What a … More: continued…
Regulator Ofcom snubs Royal Mail's competition concernsDaily MailLONDON, Dec 2 (Reuters) – Royal Mail's hopes of being shielded from a new rival were dashed on Tuesday when Britain's postal regulator Ofcom said it would not overhaul rules for direct mail delivery. Royal Mail, required by law to deliver Britain's … More: continued here
Royal Mail shares fall as Ofcom rejects claimsFinancial TimesDespite lobbying by Royal Mail, which had pressed for a review, Ofcom demolished the recently privatised operator's claims that its obligation to provide a six-day-a-week delivery service to all parts of the country was financially unsustainable … More: continued here