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 shopping has made them central…
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
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 … More: continued here
Yahoo News UK Royal Mail cuts parcels growth outlook as profit fallsYahoo News UKLONDON (Reuters) – Royal Mail more than halved the expected growth rate of its UK parcels market on Wednesday for the next two years, due to fierce competition which helped send first-half operating profit down 21 percent. Parcels make up half of…
Royal Mail posted a drop in half-year profits today after its parcels arm was squeezed by A mazon's drive to deliver more of its own business. More: continued here
Royal Mail beats targets for delivery in NP postcodeSouth Wales ArgusFor first-class mail, Royal Mail delivered 93.3 per cent the next working day, against a target of 93 per cent, over the six months to 28 September. The second-class mail target was also exceeded, with 98.9 per cent of mail delivered within three … More:…
The C Suite Royal Mail PLC Share Price Predictions: RMG Shows Us the Only Way is UpThe C SuiteOur technical snapshot attempts to decode the clues hidden in recent Royal Mail PLC (LON:RMG) share price moves in order to gauge potential future direction. The decline in the Royal Mail share price, in place since May,…
Postal company cuts parcels growth forecast by more than half as it reports 21% fall in first-half profits for overall group Royal Mail has warned that growing competition from Amazon will hit its UK parcels business, as it reported a 21% fall in first-half profits for the postal group. The 500-year-old postal service, which was…
Royal Mail 1st Half Revenue RisesNasdaqRoyal Mail said revenue in its core U.K. operation was flat despite a reduction in the rate of growth of the addressable U.K. parcels market caused by the impact of Amazon's own-delivery network. "Our performance remains in line with our expectations … More: continued here
The Guardian Bank of England split 7-2 over interest rates; Royal Mail shares dive 8 …The GuardianBrenda Kelly of IG Index says that investors have noted Royal Mail's warning that Amazon's competitive delivery network means the parcels market will only grow half as fast as expected. We can expect more of the same from Royal…