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 Mail Group think it's fooling?MoneyWeekRoyal…
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
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
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 at …Who does Royal Mail Group…
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 too chuffed to be … More:…
Northampton Chronicle & Echo Royal Mail produces Sixfields Stadium stampNorthampton Chronicle & EchoTerry Mitchell, from Old, has been helping raise money for good causes for years by asking the Royal Mail to produce limited edition stamps for sale. But this Christmas the Royal Mail have agreed to produced an image of Sixfields stadium to honour…
Revenue at the UK business – UK Parcels, International & Letters (UKPIL) – was flat at £3.7 billion, but operating profit before transformation costs slumped by over a quarter to £219 million. Within that, the real problem is parcels where revenue fell 1% to £1.46 billion. And Amazon's (AMZN) own delivery network is such a…
Mirror.co.uk Royal Mail 6-day betrayal: Privatised postal giant may have to end daily …Mirror.co.ukThe 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. Royal Mail, unlike its competitors, must deliver to everyone in … More: continued here
Daily Mail Royal Mail's universal delivery under threat as online shoppers turn to Amazon …Daily MailBritain's 'universal postal service' is under threat because of the growing popularity of sending packages on Amazon, it has been revealed. Royal Mail, which is legally obliged to deliver post and packages anywhere in the UK for the same price,…
The Independent Royal Mail drafts in the lobbyists for battle on universal deliveriesThe IndependentYesterday, in its half-year profits announcement, Royal Mail delivered a shock message to the City that, not only was Whistl having an impact, but that a beefed-up Amazon parcels business was hitting it too. The company's share price plunged more than ……