Royal Mail demands Ofcom curbs rivals
Depsite record maiden results, FTSE100 delivery company has called for regulatory intervention amid warnings that the USO is under threat from intense competition. More: continued here
Depsite record maiden results, FTSE100 delivery company has called for regulatory intervention amid warnings that the USO is under threat from intense competition. More: continued here
Telegraph.co.uk Hold Royal Mail for incomeTelegraph.co.ukSHOULD Royal Mail investors return their shares to sender after the company warned on increasing competition in the parcel delivery market? Questor thinks there is more going on beneath the surface at the national postal service and this first set of … More: continued here
Royal Mail warns of 'intense' competitionTelegraph.co.ukIn a blow for Royal Mail, an Ofcom spokesman said: "We do not believe that there is presently a threat to the financial sustainability of the universal postal service …. We would expect Royal Mail to take appropriate steps to respond to the challenge … More: continued here
Royal Mail reports profit of £671mITV NewsRoyal Mail is legally bound to deliver letters six days a week to every address in Britain for the same price. The universal service was enshrined in an act of parliament in 2011 but seven months after privatisation Royal Mail is warning that the … More: continued here
Royal Mail share price drops 5pc as chief warns on threats to businessCITY A.M. (blog)Royal Mail has reported some pretty healthy full-year results, although fears for the long-term security of the business have been compounded by words of warning from chief executive Moya Greene this morning. The company, which floated last October, … More: continued here
Royal Mail Reports £430m Full-Year ProfitSky NewsRoyal Mail has reported an operating profit of £430m in its first full-year results since privatisation. The figure for the 12 months to March, after transformation costs, is up from £403m in the previous year – a rise of 6.7%. But the company warns it … More: continued here
BBC News Why Royal Mail's share price is going downBBC NewsRoyal Mail's share price – a roller coaster if ever there was one – is down today. Superficially that might seem a little odd: profits are up 12%, parcel revenues are up 7% and letter volumes fell by less than expected. The results were not…
Royal Mail Posts Strong Profit Growth in First Annual Results Since IPOWall Street JournalFor the year ended March 30, Royal Mail made a pretax profit of £363 million ($613.4 million), compared with £304 million a year earlier. Stripping out exceptional costs, mainly related to a pension-plan amendment, it made an adjusted pretax profit of ……
Royal Mail Reveals Profits Rise To £430 Million After PrivatisationHuffington Post UKRoyal Mail has announced a rise in annual profits after revenues growth from parcel deliveries more than offset a further decline in letter volumes. In its first set of results since its controversial £3.3 billion stock market flotation in October, the … More: continued…
Royal Mail faces difficult task to keep ahead of competitionFinancial TimesRoyal Mail, which was losing money in its UK letters and parcels business three years ago, has made great strides since Moya Greene, its Canadian chief executive, arrived in 2010. But it has further to go both in raising efficiency to levels achieved … More:…