This is Money City Link collapse helps Royal Mail deliver strong Christmas tradingThis is MoneyRoyal Mail unveiled a 1 per cent rise in its revenue for the nine months to December 28 helped by extra business as a result of the demise of one of its rivals, City Link, in …
Read More »Post Office management won't attend public meeting
Post Office chief executive Mike Kelly says there is no point attending a public meeting in Ramsey over the closure of the Parliament Street branch. More: continued here
Read More »eBay Reports Q4, Shares Up on Promise to Unlock Value – Analyst Blog
eBay's Q4 earnings and Q1 earnings guidance beat the Zacks Consensus Estimates, which along with forthcoming job cuts drove up shares. More: continued here
Read More »A Red Letter Day For Royal Mail plc
Royal Mail Group PLC (LON: RMG) is a company of two troubled halves, says Harvey Jones More: continued here
Read More »EBay's plans may spur more M&A
EBay's plans to break up into three different companies could accommodate would-be suitors, signaling a potential merger fight after the breakup. More: continued here
Read More »EBay cuts 2,400 jobs ahead of PayPal spin off (+video)
Though eBay saw a fourth-quarter net income increase of 10 percent, the e-commerce company announced plans to cut 2,400 jobs across its marketplaces. EBay plans to spin off its payments business PayPal later this year. More: continued here
Read More »EBay plans to cut 2400 jobs, unload enterprise business – Fortune
Fortune EBay plans to cut 2400 jobs, unload enterprise businessFortuneEBay plans to cut 2,400 jobs and unload its business unit that helps retailers manage their online shopping operations. The news came as eBay made peace with investor activist Carl Icahn by naming one of his allies as a board member. …
Read More »Royal Mail revenues up 1 per cent, sees parcel improvement – Economic Times
Royal Mail revenues up 1 per cent, sees parcel improvementEconomic TimesLONDON: Britain's Royal Mail said group revenue for the nine months to December 28 rose 1 per cent, marking a slowdown from the half year as an improved parcels performance was offset by fewer letters sales. Shares in Royal Mail, …
Read More »Royal Mail posts slowdown in nine-month revenue – CNBC
Royal Mail posts slowdown in nine-month revenueCNBCLetters volumes fell 3 percent, as expected, with revenue flat compared to a 1 percent rise at the half year. The firm's European parcels division posted revenue growth of 8 percent, Royal Mail said, adding it expected to meet its full-year profit … More: …
Read More »eBay (EBAY) Stock Higher in Pre-Market Trading Today on Analyst Upgrade, Earnings Results
NEW YORK (TheStreet) — Shares of eBay Inc. are up by 2.94% to $54.95 in pre-market trading on Thursday, following a ratings upgrade to "equal-weight" from "Underweight" at Morgan Stanley. The firm said it raised its rating on the online marketplace as it believes eBay's business restructuring has offset its …
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