UK's Royal Mail rattles investors with warning of rising competitionReuters UKRoyal Mail's growth prospects continue to split analyst opinion, with differing views over its ability to manage declining letter volumes and increasing competition, at the same time as growing its parcels business and cutting costs. Chief Executive … More: continued here
Moya Greene's fears of the threats of competition may look overblown but she can see the writing on the wall More: continued here
Royal Mail delivers note of caution as profits jumpScotsmanRoyal Mail is already seeing letters volumes falling at a rate of between 4 and 6 per cent annually as customers switch to e-mail, but it now faces competition from TNT Post. It wants the regulator to intervene because while TNT can cherry pick the … More:…
Telegraph.co.uk Greene delivers a dose of realityTelegraph.co.ukFor four years Moya Greene, the boss of Royal Mail, has heroically gone about stamping out the anachronistic ways of the 350-year-old state-owned behemoth, to deliver a profit-making FTSE 100 company in its place. Thursday was a red letter day in the … More: continued here
Royal Mail demands Ofcom curbs rivalsTelegraph.co.ukThe boss of Royal Mail has called for “parameters and limits” to be imposed on its rivals, warning that competition was acting as a “fire accelerant” on its declining letters delivery business. Despite delivering record maiden annual results as a … More: continued here
Royal Mail shares fall 6.9% after competition warningThe GuardianAnnouncing Royal Mail's first set of annual results since last year's flotation, its chief executive, Moya Greene, said: "Our performance was in line with our expectations. We are facing a couple of headwinds. The competitive environment on the parcels … More: continued here
Royal Mail Plc (RMG) fell the most since its 1.7 billion-pound ($2.9 billion) initial public offering last October after predicting tougher competition in a parcel-delivery market that contributes more than half of sales. More: continued here
The Guardian Royal Mail says postal deliveries to remote areas under threatThe GuardianRoyal Mail has warned that postal deliveries to rural areas are under threat because rivals are being allowed to cherry pick easy and profitable deliveries in towns and cities without having to run services to isolated homes such as on Scottish islands …Why…
Royal Mail warns of service threatMSN UKRoyal Mail has warned of a threat to the universal postal service because rivals can "cherry-pick" easy-to-serve urban areas. The recently-privatised group issued the warning as it announced a rise in annual profits after revenues growth from parcel … More: continued here
The firm chose the announcement of its first annual financial results to warn that the requirement to keep costs uniform – whether a letter goes to London or Land's End – is under threat. More: continued here