In mid-morning trading the FTSE 100 is up ten points, while Royal Mail shares slump following a miserable trading update. Bullish momentum continues to carry equities higher this morning, although strength has begun to wane as investors prepare for tomorrow’s non-farm payroll report. US markets are back at record highs, …
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The folk at Royal Mail must wince whenever Rico Back makes a delivery. There’s only ever bad news in the chief executive’s postbag. The latest warning is that a three-year turnaround plan is in danger of being blown off course. What’s more, the UK arm of the business is expected to …
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Shares in 500-year-old Royal Mail fell as much as 9.7% in morning trade. IC TIP UPDATES: Emerging markets-focused asset manager Ashmore (ASHM) has raised its interim dividend from 4.55p to 4.8p per share, the first hike in distributions since 2014. Judging by the group’s 42 per cent year-on-year rise in pre-tax …
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Royal Mail has seen shares plunge to record lows after warning its UK arm could be loss-making next year and it may miss turnaround targets amid the threat of strike action. Shares in the group tumbled as much as 11% at one stage after cautioning over a “challenging” year ahead …
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One of the packages contained a stash of cannabis which was then seized by Cambridgeshire police. The force announced the capture on social media, adding: “Anyone expecting to receive some of the green stuff in the post may be disappointed!” A police spokeswoman added that officers are currently investigating. A …
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Royal Mail said the outlook for 2020-21 is “challenging”, with the underlying decline in letter mailings failing to ease as expected. Christmas and the general election – which coincided for the first time in nearly a century – helped narrow nine-month letter revenue declines to 1.5%. With the election boost …
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BR Shetty, NMC’s founder, is reprtedly contemplating buying out his partners and becoming more hands-on FTSE 100 rises 9 points Royal Mail tumbles after gloomy trading update NMC Health leads the advance on reports its founder is looking to buy out his partners 10.00am: Early gains dissipate …
Read More »Royal Mail expects to have a tough year after letters volumes fell short of expectations and the threat of strikes over Christmas hit parcel revenues as people switched to other carriers. The former state-owned postal service said that its unresolved dispute with staff was delaying its turnaround plan and, along …
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LONDON (Reuters) – UK’s Royal Mail (RMG.L) said on Thursday its outlook for the next fiscal year is “challenging” and the threat of a labor strike in late 2019 hurt parcel revenue growth during the Christmas period as customers opted to use other carriers. FILE PHOTO: A Royal Mail van …
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Royal Mail has said it will push ahead with its overhaul as it warned the threat of industrial action and delays to its turnaround may lead to losses in its UK letters and parcels arm. The group said the risk of strike action by the Communications Workers Union (CWU), together …
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