Shares of Royal Mail RMG, -8.34% dropped 8.4% as the company lowered its outlook for letter volumes in the next fiscal year by 1 percentage point to … Source link
Read More »Royal Mail shares slump on lowered mail volume guidance
Royal Mail shares slump to record low on UK loss warning
LONDON (Reuters) – Royal Mail (RMG.L) warned on Thursday of a “challenging” year ahead, with labour tensions and sliding letter volumes … Source link
Read More »Royal Mail Transformation to roll out after losing patience with CWU Union
Good news from Royal Mail this morning, at least for ecommerce merchants. Whilst the CWU have said they are preparing another ballot for strike action, having been blocked from the last strikes in the run up to Christmas in the High Court, Royal Mail have declared they are fed up …
Read More »Poor German manufacturing fails to dent equity rally
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, …
Read More »Royal Mail faces a bleak future unless union deadlock is broken
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 …
Read More »Royal Mail, Ashmore, Energean Oil and Gas & more
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 …
Read More »Royal Mail shares plunge to new lows on warning over UK losses
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 …
Read More »Drugs parcel seized from Peterborough Royal Mail sorting office
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 …
Read More »Royal Mail says outlook ‘challenging’ | Compass warns on Brexit-hit pound | On the Beach investors face wait
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 …
Read More »FTSE 100 barely in credit despite NMC Health PLC’s rally
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 …
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