Royal Mail revenues fell 1.6% year on year, with domestic parcel volumes down 7%. Photo: Steve Taylor/SOPA Images/LightRocket via Getty Royal Mail (RMG.L) shares sank on Thursday after the company warned of “significant headwinds” as it faces higher wage demands, surging energy and fuel costs. The London-listed group, which missed …
Read More »
Royal Mail has cautioned over possible further price hikes and revealed plans to ramp up cost cutting as it looks to tackle soaring inflation pressures. he group said it was facing “significant headwinds” from higher wage demands, surging energy and fuel costs. It said it will need to go further …
Read More »
It is a fresh blow for millions of consumers who are already facing huge increases in the cost of living, including rocketing energy and fuel bills. Mr Williams also said a temporary boost during the pandemic, when millions of consumers in lockdown turned to online shopping and fuelled demand for …
Read More »The home delivery boom for Royal Mail has receded along with the end of coronavirus restrictions, leaving the business short of the profits it was promising investors earlier this year. It is now warning of a sharp decline in the coming months, with the cost-of-living crisis forecast to hit online …
Read More »Royal Mail has warned that the company is at a “crossroads” and needs to urgently adapt to the post-pandemic environment as parcel deliveries, originally boosted by Covid lockdowns, continue to wane. It piles further pressure on the postal company, as it struggles to reach a pay deal with unionised staff …
Read More »
Royal Mail Royal Mail has cautioned over possible further price hikes and revealed plans to ramp up cost cutting as it looks to tackle soaring inflation pressures. The group said it was facing “significant headwinds” from higher wage demands, surging energy and fuel costs. It said it will need to …
Read More »
1652946514 FTSE 100 down 1%, Royal Mail off 6% The FTSE 100 index is down by more than 1% after US markets slumped last night on consumer confidence fears sparked by weak updates from retailers Target and Walmart. Shares in Tesco and B&Q owner Kingfisher fell 4%, while consumer goods …
Read More »
It is cutting costs by more than £350 million to help offset the hit. They said it would also have to look at price increases for posting letter and parcels. The cost of posting letters has already increased by an average of around seven percent, and parcel prices by an …
Read More »
On the red carpet of the Met Gala 2022, reality star Kim Kardashian dazzled in Marilyn Monroe’s classic ‘Happy Birthday, Mr President’ gown, but her Marilyn Monroe moment was short-lived. When Kim posed for pictures on the steps with the help of her boyfriend, Pete Davidson, the original was only …
Read More »
MARKET WRAPS Watch For: EU, Italy Balance of Payments; EU Construction Output; ECB meeting accounts; UK CBI Industrial Trends Survey; G7 Finance Ministers/Central Bank Governors Meeting continues; updates from Bouygues, Generali, Julius Baer, Telefonica Deutschland, Deutsche Telekom, Deutsche Bank, Capgemini, JCDecaux, Leonardo Finmeccanica, Enel, Flughafen Wien, Dufry, National Grid, Royal …
Read More »