Letter volumes fell by 3 per cent but UK parcel deliveries rose by 3 per cent and European parcel deliveries went up by 8 per cent. In total, overall revenue went up by 1 per cent. More: continued here
Royal Mail says it delivered 120 million parcels during December, a rise of 4% on a year earlier. More: continued here
AOL Money UK Updates from Royal Mail, Countrywide and Oxford InstrumentsAOL Money UKWe start with a trading update from Royal Mail. In its fiercely competitive parcels business, revenues for the last nine months were flat despite a 3% surge in parcel volumes. Group revenues overall are up 1% though, helped by its European operation, GLS.and…
Britain's Royal Mail (RMG.L) announced an improved performance at its key parcels business over a busy Christmas period, helped by price promotions, the Black Friday retail rush and its own longer business hours in an increasingly competitive market. The company's shares have dropped by about 28 percent from their post-privatisation peak on concern over a…
Post office proposes hikes in postage ratesSanta Fe New Mexican.comUnder the Postal Service's plan, which has been submitted to the Postal Regulatory Commission, prices across all classes of mail would increase by an average of 1.966 percent on April 26. The cost of a single-piece first-class stamp would remain 49 …and more » More: continued here
Royal Mail (RMG.L) said group revenue for the nine months to Dec. 28 rose 1 percent, marking a slowdown from the half year as an improved parcels performance was offset by fewer letters sales. Shares in Royal Mail, privatised amid much controversy in October 2013, have fallen 28 percent in the past year as its…
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
What to Expect When eBay Reports Fourth-Quarter Earnings TodayTheStreet.com"We rate EBAY INC (EBAY) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's … More: continued here
By Deepa Seetharaman SAN FRANCISCO (Reuters) – EBay Inc's plans to break up into three different companies could accommodate would-be suitors, signaling a potential merger fight after the breakup. The company plans to spin off its payments division, PayPal, from its core marketplace division in the second half of the year, making two standalone publicly…
Re/code eBay to Cut 2400 Jobs and Explore Sale or IPO of Enterprise UnitRe/codeEBay said today that it would cut about seven percent of its workforce globally in the first quarter as it looks to reduce costs ahead of its planned spinoff of PayPal. The company also said it would explore a sale or IPO…