Royal Mail share price declined on Thursday despite the company growing its 5-month revenues by 8.2% year-on-year and 17.7% compared to a similar period in 2019. Royal Mail Group has also maintained its H2 outlook for a higher profits margin when compared to H1. Its 2021 FY view of a …
Read More »Royal Mail CDC scheme closer to reality as consultation launches – Law & Regulation
The Royal Mail Collective Pension Plan, which is the first known example of these new type of pension funds coming to fruition following the provisions passed in the Pension Schemes Act 2021, will consist of the a CDC section and a cash lump sum section. A Department for Work and Pensions …
Read More »Autumn 2000: when fuel shortages brought UK to virtual standstill | Supply chain crisis
As Britain faces an escalating energy and fuel crisis, with BP rationing deliveries of petrol, there are echoes of autumn 2000 when shortages brought the country to a virtual standstill. Protests over prices led to the pumps running dry on many filling station forecourts. The crisis, precipitated by a big …
Read More »Will Highland superhero fans be blown away by Royal Mail DC collection featuring Batman, Nightwing, The Joker, Harley Quinn, Superman and Wonder Woman?
Wonder Woman. HIGHLAND fans of superheroes look certain to give their stamp of approval to an eye-catching new issue released by Royal Mail. Royal Mail has teamed up with Warner Bros. Consumer Products on the release of 18 stamps that celebrate DC and the heroes and villains genre that it …
Read More »Are Harry and Meghan getting security from the Secret Service?
One of the burly bodyguards escorting Prince Harry and Meghan Markle around New York City has claimed to work for the Department of Homeland Security. The bodyguard, dressed in a smart grey suit and black wingtips that had been resoled with comfortable sneaker soles, was spotted outside the Carlyle Hotel …
Read More »Royal Mail Revenue Grew 8.2% 5-Mos Year-on-Year
By Jaime Llinares Taboada Royal Mail PLC said Thursday that its adjusted operating profit for the first half ending Sept. 30 is expected to be between 395 million and 400 million pounds ($537.9 million-$544.7 million). The company said that both the adjusted operating profit and margin of its Royal Mail …
Read More »Royal Mail expects profit to rise as letters recover, flags higher costs
A Royal Mail delivery vehicle drives along a road near Mount Pleasant, in London, Britain, June 25, 2020. Picture taken June 25, 2020. REUTERS/John Sibley/File Photo Sept 23 (Reuters) – Royal Mail Plc (RMG.L) forecast a surge in first-half operating profit on Thursday despite warning of higher costs, as it …
Read More »Royal Mail sees higher H1 profit as revenues rise 8%
Royal Mail said it expected a rise in first half profits despite rising costs as the pandemic-driven boom in parcel delivery from online shopping continued to drive revenue growth. The letter and parcel carrier said revenues climbed 8.2% to £5.1bn in the five months to August. It added that it …
Read More »Royal Mail sees costs rise but confident in profits thanks to parcel boost
Royal Mail has forecast a jump in first-half profits, but cautioned over labour shortages and rising costs ahead of the peak festive season. The group said it is facing increasing cost pressures across its Royal Mail and European and US parcel business GLS, with the latter also suffering amid “tighter …
Read More »Harbour Energy to exit some non-UK projects; shares slip on tepid results
By Shanima A and Pushkala Aripaka (Reuters) -Harbour Energy plans to exit some projects in Mexico and South America to focus on developing its British portfolio, the North Sea’s biggest oil and gas producer said on Thursday as it posted a profit in its first set of results as a …
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