Reuters UK Amazon delivers blow to UK Royal Mail growth prospectsReuters UKParcels make up half of Royal Mail's turnover and the development of online shopping has made them central to the company's prospects when letter volumes are in decline. However, competition from the likes of TNT (TNTE.AS), Yodel, and a …
Read More »Mr Cable may yet rue selling off Royal Mail – Herald Scotland
Mr Cable may yet rue selling off Royal MailHerald ScotlandMr Cable chose to sell off the Royal Mail, keeping only a 30 per cent stake in the company. Four weeks ago he remained optimistic that first-class management, a co-operative work force and the freedom for the company to borrow would …
Read More »Royal Mail blames Amazon network for fall in profits – Financial Times
Royal Mail blames Amazon network for fall in profitsFinancial 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 …
Read More »Royal Mail shares fall on concerns over competition – BBC News
BBC News Royal Mail shares fall on concerns over competitionBBC NewsRoyal Mail has reported a fall in half-year profits, with the company feeling the impact of competition from new parcel delivery rivals. Pre-tax profits for the six months to 28 September fell to £218m, from £233m in the same period …
Read More »Strain on Royal Mail could see Scotland worst hit – Scotsman
Scotsman Strain on Royal Mail could see Scotland worst hitScotsmanThe warning from Royal Mail came after a slump in its profits were announced today and fall in the share price of 30 per cent since February. But opposition politicians claimed that the threat to the universal service obligation was a …
Read More »Royal Mail in £74m fall in profits – BBC News
BBC News Royal Mail in £74m fall in profitsBBC NewsRoyal Mail has reported a fall in half-year profits, with the company feeling the impact of competition from new parcel delivery rivals. Pre-tax profits for the six months to 28 September fell to £218m, from £233m in the same period last …
Read More »Royal Mail shares dive as profits fall by a fifth – The Week UK
The Week UK Royal Mail shares dive as profits fall by a fifthThe Week UKRoyal Mail shares fell by almost six per cent when trading began this morning after the company announced a 21 per cent fall in half-year profits. Competition from online sellers offering same-day delivery and other courier …
Read More »Royal Mail share price falls as profits drop after struggles with competition – CITY A.M.
Royal Mail share price falls as profits drop after struggles with competitionCITY A.M.This isn't what Royal Mail shareholders wanted to hear in the run-up to its busiest month: shares fell 7.3 per cent in the early afternoon as the 500-year-old postal service said its delivery operations faced "stiff competition" in …
Read More »Royal Mail Shares: Christmas Can’t Come Soon Enough as Amazon Delivers … – International Business Times UK
International Business Times UK Royal Mail Shares: Christmas Can't Come Soon Enough as Amazon Delivers …International Business Times UKBy Royal Mail's own admission, it needs a bumper Christmas in 2014 if it's to meet performance expectations for the full year. Particularly after it unveiled a glum set of results for …
Read More »Amazon beating Royal Mail at its own game as profits tumble – The Independent
The Independent Amazon beating Royal Mail at its own game as profits tumbleThe IndependentThe rise of “click and collect”, where customers pick up parcels direct from shops, is also eating into its business. Royal Mail's UK parcel revenues fell 1 per cent to £1.5 billion in the last six months, …
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