Royal Mail shares fell by more than 7% after the recently privatised communications firm warned in its full-year financial results of intensifying competition. Higher profit was driven by rising revenues in Royal Mail's key parcels businesses in the UK and continental Europe. But Moya Greene, chief executive of Royal Mail, …
Read More »Royal Mail warns of ‘increasing challenges’ from competitors – Financial Times
Royal Mail warns of 'increasing challenges' from competitorsFinancial TimesThe increase in earnings for the year to March 30 was in line with market expectations, but Royal Mail warned that a move to direct delivery of letters by rival TNT Post could undermine the economics of the universal service without action …
Read More »Britain's Royal Mail warns over competition
Britain's part-privatised postal operator Royal Mail warned Thursday that it faced fierce competition, sending its share price slumping despite rising annual profits. Shares dived more than seven percent, topping the fallers board on the London stock market, but still holding far above the price of last year's controversial flotation. We …
Read More »U.K. Stocks Are Little Changed as BAT Advances – Bloomberg
Yahoo!7 News U.K. Stocks Are Little Changed as BAT AdvancesBloombergRoyal Dutch Shell Plc's A class shares and B class shares moved in opposite directions after the company canceled its scrip-dividend program. Royal Mail Group Ltd. tumbled the most on record after posting profit that missed estimates. The FTSE 100 …Royal …
Read More »Royal Mail highlights consumer demand for brands to use mail and email – The Drum
Royal Mail highlights consumer demand for brands to use mail and emailThe DrumThe Royal mail has published fresh research which highlights consumer demand for brands to use both mail and email in their communications. Just over half of 1,000 respondents (51 per cent) in the telephone survey said they preferred …
Read More »Royal Mail warns on competition – BBC News
BBC News Royal Mail warns on competitionBBC NewsShares in Royal Mail have fallen after it warned that competition from rivals could hurt its future revenues as it reported a rise in profits. It said moves by rivals to compete with its direct delivery service meant its Ofcom-set profit margin may …
Read More »Royal Mail Posts £430m In Full-Year Profits – Sky News
Royal Mail Posts £430m In Full-Year ProfitsSky 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 …
Read More »Royal Mail warns on competition
Shares fall in Royal Mail as it warns that competition from rivals could hurt its future revenues. More: continued here
Read More »ROYAL MAIL ORD 1P (LSE: RMG )
Group revenue rose 2% to £9.46 billion, with a 7% rise in parcel revenues offsetting a 2% fall in the UK letter business which declined to £4.63 billion. However, parcel volumes were flat at 1.06 billion items compared with 2012-13. More: continued here
Read More »Royal Mail Reveals Profits Rise To £430 Million
Royal 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 company said operating profits after transformation costs were £430 …
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