This is Money Delivering for investors… But Royal Mail is facing stiff competition for …This is MoneyAs a description of one of the most anticipated floats of recent times, it was quite an understatement. 'Royal Mail's first year of trading has certainly been eventful,' said Richard Hunter, Hargreaves Lansdown's head of equities. 'Eventful' is a…
Reuters UK Royal Mail takes 18 million sterling provision as part of French settlementReuters UKRoyal Mail, which listed on the stock market a year ago, said in July it had received a notice that one of its subsidiaries in France may have breached competition laws, which could result in a fine. On Thursday the group…
BBC News Has Royal Mail reason to celebrate its 'first' birthday?BBC NewsFor 30 years politicians toyed with the idea of privatising Royal Mail. This time last year the government finally managed it. But 12 months on from Royal Mail's flotation on the London stock market, questions over the rights and wrongs have not gone away.Froth…
Telegraph.co.uk Royal Mail puts aside £18m to settle French antitrust investigationTelegraph.co.ukGLS (Global Logistics Systems) operates one of the biggest ground-based parcel delivery networks in Europe. The division is highly profitable and has been quietly supporting Royal Mail's profits throughout Moya Greene's radical transformation programme. More: continued here
The Times (subscription) French letters to cost Royal Mail£18mThe Times (subscription)Royal Mail celebrated the first anniversary of the pricing of its stock market flotation with the announcement that it has had to put aside £18 million to settle a French investigation into allegations that it acted anti-competitively. The former state … More: continued here
The service celebrates a 'first' birthday More: continued here
Yahoo News French authorities to fine Royal MailYahoo NewsLondon (AFP) – Royal Mail has reached a settlement with French competition authorities over alleged breaches of antitrust laws at its French subsidiary, the part-privatised group said on Thursday. Royal Mail has put aside £18 million to meet costs of … More: continued here
Royal Mail to settle French caseexpressandstar.com"However, Royal Mail has made a financial provision of £18 million in its financial statements for the half year ended 28 September 2014, comprising £12 million in respect of the current estimate of any fine and £6 million in respect of estimated legal … More: continued here
The Local.fr France to hit Britain's Royal Mail with hefty fineThe Local.fr"Further to its announcement of 16 July 2014, Royal Mail plc announces that it has today entered into a settlement agreement with the French competition authority in respect of the alleged breaches of antitrust laws by one of its subsidiaries, GLS … More: continued…
The Independent Royal Mail sets aside £18 million for international fine on IPO anniversaryThe IndependentVirtually a year to the day that the Government sold off Royal Mail, the postal giant struck an agreement with France's regulator, Autorité de la concurrence, over a possible breach of antitrust laws at its subsidiary Global Logistics Systems. GLS ……