Royal Mail profits fall as postal service struggles with competitionCITY A.M.Royal Mail's delivery operations faced stiff competition in the first half of the financial year, resulting in a fall in profit for the 500-year-old postal service. For the six months to 28 September, pre-tax profit was £218m – a 6.4 per cent decline … More:…
Wall Street Journal Royal Mail Warns Competition From Amazon Will Hamper GrowthWall Street JournalLONDON—Shares in U.K.'s dominant postal company Royal Mail PLC fell more than 8% on Wednesday after it reported a fall in half-year profit and warned that continuing competition from online retailer Amazon.com Inc. will hamper growth. Revenue in its … More: continued here
Business Insider Amazon Is Slaughtering Royal MailBusiness Insider28. They were £233 in the same six-month period last year. Even though UK parcel volumes grew by 2%, revenues in this department fell by 1%. Overall revenue grew by 2%. In a statement, Royal Mail accused Amazon's own delivery system of "a reduction in … More: continued here
Reuters UK Royal Mail reversal puts Britain's FTSE under pressureReutersEDINBURGH, 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.Drop in Royal Mail puts FTSE under…
Royal Mail is legally obliged to deliver post anywhere in the UK for the same price. It has seen its profits slump after Amazon shook up the parcels market by setting up its own delivery network. More: continued here
International Business Times UK Royal Mail Profits Plunge 21% as it Warns of Amazon OffensiveInternational Business Times UKRoyal 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. Operating profit before transformation costs dropped to…
Royal Mail needs Santa to deliver them something special this Christmas. Though they'd probably rather he paid them to do the delivering this year. More: continued here
Shares in French nuclear giant Areva and British postal operator Royal Mail sank Wednesday in an otherwise calm day for European stocks, as the euro rose against the dollar. London's benchmark FTSE 100 index slid percent to stand at 6,703.99 points in afternoon trading. The European single currency increased to $1.2541 from $1.2537 late in…
Evening Standard Royal Mail plummets as Amazon drive stamps on parcels growthEvening StandardThe City, however, thought otherwise, with IG Index's market analyst Chris Beauchamp saying: “The spectre of Amazon looms large, casting a shadow on Royal Mail's numbers. Amazon is likely to become a permanent fixture in Royal Mail's reporting.” … More: continued here
ValueWalk Royal Mail PLC Faces Amazon Competition, Shares FallValueWalkAmazon.com, Inc. (NASDAQ:AMZN)'s recently-launched delivery service could single-handedly dent Royal Mail's business by as much as 2% in the short term. Royal Mail PLC (LON:RMG) (OTCMKTS:ROYMY) posted disappointing half-year results and …Royal Mail PLC Rating Reiterated by Investec (RMG)WKRB NewsRoyal Mail PLC Receives "Reduce" Rating from Nomura (RMG)Ticker…