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 million in the year to…
Royal Mail warns public service at risk without regulationITV NewsRoyal Mail warns public service at risk without regulation. Newly-privatised Royal Mail has announced a 12 percent rise in full-year profit, but says its business is facing tough headwinds from increasing competition. Bosses are warning that the public … More: continued here
Royal Mail notched up a 7 per cent rise in earnings in its first set of annual results since the Government's controversial float of the postal service. More: continued here
Royal Mail, AstraZeneca, Unilever are Europe's Stocks in FocusWall Street Journal (blog)“We are facing a couple of headwinds,” said Chief Executive Officer Moya Greene. “The competitive environment on the parcels side is more intense.” Cantor Fitzgerald analysts said the negative comments were “probably made in part to ensure investor … More: continued here
Shares drop as postal delivery service warns of headwinds in parcels and letters More: continued here
Mail fail, part 1: what dividends didn't yieldFT Alphaville (registration)Empirical experiments that test corporate finance theory are fun. Unless the taxpayer ends up on the wrong side. That's the key lesson from the “botched” IPO of Royal Mail in October 2013. The original controversy centred on the £750m the taxpayers …and more » More: continued here
By Neil Maidment LONDON (Reuters) – Newly privatised Royal Mail pointed to tougher times ahead on Thursday as it said competition in parcels was intensifying and warned the emergence of a rival British mail delivery service threatened its growth prospects. Royal Mail's growth prospects continue to split analyst opinion, with differing views over its ability…
eBay Warns Customers to Change Passwords After Database HackedNBCNews.comPersonal information for all of eBay's 145 million active buyers could have been accessed in a hack two months ago, a company spokeswoman said, as the online marketplace advised all users to change their passwords Wednesday. The database contained … More: continued here
Small-town post offices fill nicheDaily CommercialHundreds of folks in both towns get weekday and Saturday mail from their mail boxes at the post office; some residents even spend leisure time chatting with neighbors and postal service employees while getting mail or buying postage stamps. The post… More: continued here
You Need to Change Your Ebay Password Right NowGizmodoOn Wednesday, Ebay will ask all users to change their passwords due to a massive cyberattack that hit the encrypted password database. The company says that no financial data that was compromised, and there's no evidence of unauthorized user activity. More: continued here