The Royal Mail (LSE: RMG) share price was one of the big winners of 2020. With non-essential retailers closed for most of the year, the volume of parcels processed by the group surged, and so did its profits. For the financial year to the end of March 2021, net profit …
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Royal Mail has reached a “crossroads” in its post-pandemic life, as the lockdown boom in parcel deliveries starts to wear off and unionised staff push for better pay. The delivery firm’s annual pre-tax profits have dipped by 8.8 per cent to £662m, as the easing of Covid restrictions has led …
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Royal Mail has announced stamp costs are likely be raised again due to a post-lockdown slowdown and the surging costs of energy and fuel. The announcement comes on the heels of the last stamp price hike that went into effect on April 4. The postal service blamed ‘significant headwinds’ and …
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The FTSE 100 closed down 1.8% on Thursday, with retail companies enduring a tough day and Royal Mail–the biggest faller–closing down 12% after it posted a pretax profit decline for fiscal 2022. “A lot of today’s pain is being felt by U.K. retailers after the downgrades this week by U.S. …
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(Bloomberg) — Royal Mail Plc sees sales declining in the coming year as the British company posts fewer Covid-19 test kits and parcel volumes fall with consumers returning to shops. The historic service said the changing environment means cost savings need to be made faster, according to a statement on …
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19 May 2022 Transport / Logistics Services In its financial statement for 2021-22, Royal Mail reports group revenues up by 0.6% to £12.712 billion and adjusted operating profit up by 8% to £758 million. Among the divisions, Royal Mail’s domestic operations saw profits up by 20.9% to £416 million though revenues …
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Royal Mail has warned of possible further increases in prices after recently hiking up costs of posting letters and parcels. The group said prices are being held under constant review amid rising inflation, after the cost of posting letters rose by an average of around 7 per cent, and parcel prices …
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No recommendation No news or research item is a personal recommendation to deal. All investments can fall as well as rise in value so you could get back less than you invest. Full year revenue rose 0.6% to £12.7bn. Strong performance from GLS offset declines at Royal Mail, as shipping …
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By Yadarisa Shabong -Royal Mail missed annual profit expectations on Thursday and said meeting forecasts this year hinged on its main labour union agreeing a pay deal it has so far rejected, angering the union and sending the British group’s shares nearly 15% lower. The Communication Workers Union (CWU), which …
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Domestic parcel volumes remain elevated on pre-pandemic levels Intensifying inflationary pressures could weigh on performance Whether the world will ever return to a state of pre-Covid normality is a matter of ongoing debate. Some habits formed in lockdown certainly appear harder to break than others. At the end of last month, …
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