By Yadarisa Shabong (Reuters) -Britain’s Royal Mail announced a surprise 400 million pounds ($540 million) for shareholders on Thursday, as a booming parcels business helped it offset cost pressures to deliver higher half-year profits. Shares in the company, one of the world’s oldest postal firms, rose more than 5% as …
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Britain’s Royal Mail said today it would return £400m to shareholders after the postal company forecast higher annual earnings in its UK business following a strong first half. The company, one of the world’s oldest postal firms, was able to turn a corner since the pandemic began as more people …
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The group also saw revenue rise 17.5 percent compared to the same period in 2019. In today’s announcement Royal Mail said it would return £400m of capital to shareholders via a £200m share buyback and a £200m special dividend. It also announced an interim dividend of 6.7 pence per share. …
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Royal Mail to hand £400m to shareholders after surge in parcel deliveries sends profits soaring By Calum Muirhead For The Daily Mail Published: 22:11, 18 November 2021 | Updated: 22:32, 18 November 2021 Royal Mail will hand £400million to its shareholders after a surge in parcel deliveries sent profits soaring. …
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Boss Simon Thompson insists the pandemic has triggered “a structural shift”, turbocharging demand for parcels and accelerating the long-term decline in letters. Despite a mini-revival in recent months, letter deliveries are a fifth lower than before coronavirus erupted. Yet this is Royal Mail. For a company that has been bringing …
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Automation increasing rapidly Recovery in GLS B2B parcel business Comparisons, as they say, are odious. That certainly applies where Royal Mail (RMG) is concerned. Domestic parcel volumes have risen by a third on pre-pandemic levels, so it’s difficult to arrive at a like-for-like measure. The real questions are how the privatised …
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The family of a Royal Mail driver killed in a crash have paid an emotional tribute to a loving father, husband and son. David Nixon was driving a lorry when it collided with a car on the southbound carriageway on the A1M at Sawtry on Tuesday (November 16) at around …
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The company forecast a full-year adjusted operating profit of £500mln at Royal Mail and repeated its guidance for GLS of low single-digit percentage revenue growth and an operating profit margin of around 8% Royal Mail PLC (LSE:RMG) said it will return £400mln to its shareholders via a buyback and a …
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The turnaround has undeniably been helped by the pandemic lockdowns, but management have been attributed some credit in the City too Royal Mail PLC (LSE:RMG)’s surprise £400mln shareholder windfall indicates the directors are confident that the pandemic-fuelled turnaround of the group is here to stay. Analysts, while wary about some …
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The U.K.’s postal delivery service was outshining the FTSE 100 index on Thursday, after Royal Mail reported better-than-expected results, with home builders also rising, though energy companies were tugging at the downside as oil prices fell. The FTSE 100 index UKX, -0.48% dipped 0.2% to 7,629, losing around 1% for …
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