Royal Mail profits hit as it is swamped by Amazon networkFinancial TimesRoyal Mail's attempts to overhaul its business since privatisation last year faltered as it revealed a 21 per cent drop in first-half operating profits amid stiff competition from Amazon's new delivery network. The FTSE 100 company placed parcels … More: continued here
Royal Mail is facing tough competition in the parcel delivery business which is hitting profits More: continued here
Royal Mail shares deliver volatile runFinancial TimesSome early pre-Christmas cheer for investors in Royal Mail proved shortlived on Wednesday, as its shares went on a volatile run on the FTSE 100. The stock initially topped the main London index after its interim profit arrived at the top end of forecasts. More: continued here
Royal Mail Warns Amazon Deliveries to Cut Size of Parcel MarketBloombergWhile full-year results will depend on sales over the Christmas period, the company said it expects U.K. costs to be flat on an underlying basis for the year. Royal Mail said a reorganization program will deliver savings of about 70 million pounds a … More:…
Telegraph.co.uk Can Royal Mail survive in the private sector?Telegraph.co.ukA boom in parcel delivery was the great hope for Royal Mail when it floated last year. However, the company now says that the impact of online retailer Amazon and others launching rival services will slow growth in Royal Mail's parcel business to … More: continued here
Reuters UK Royal Mail reversal puts FTSE under pressureReuters UKEDINBURGH (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 Mail and testing firm Intertek. Royal Mail Group reversed slight …Royal Mail reversal puts Britain's FTSE under…
Royal Mail warns that rival firms are endangering its government-mandated Universal Service, which guarantees an affordable postal service nationwide. More: continued here
ITV News Royal Mail halves expected growth rate as profits fall 21%ITV NewsRoyal Mail halves expected growth rate as profits fall 21%. The Royal Mail has halved the expected growth rate of its UK parcels market to 1-2% due to fierce competition which helped send first-half operating profit down 21%. Operating profits fell 21 ……
Royal Mail: Give privatisation a chance — scrap the universal service – Chris …Evening StandardRoyal Mail management had long been calling for its relaxation and even the trade union wanted it redrawn: Dave Ward from the Communications Workers Union accused Cable of being “off the pace” on the reality of having to meet the six-day…
The Guardian Royal Mail and miners weigh on FTSE 100 but Severn Trent bucks trendThe GuardianLeading shares have slipped lower after four days of rises, with mining shares and Royal Mail weighing on the index. But Severn Trent is bucking the trend, up 32p at £20.55 after HSBC moved its recommendation from underweight to neutral…