USA TODAY Shyp app wants to cut out trip to post officeUSA TODAY"We're just focusing on one thing, and that's reimagining the post office experience," says Shyp CEO Kevin Gibbon, a former eBay power seller who envisioned a simpler way for small-business owners and consumers to dispatch goods. COAST TO COAST. More: continued here
Royal Mail 1st Half Revenue RisesNasdaqRoyal Mail said revenue in its core U.K. operation was flat despite a reduction in the rate of growth of the addressable U.K. parcels market caused by the impact of Amazon's own-delivery network. "Our performance remains in line with our expectations … More: continued here
LONDON (Reuters) – Ebay founder Pierre Omidyar and his wife are to donate $50 million to tackling slavery worldwide, the chief executive of their US-based foundation Humanity United said on Wednesday. … More: continued here
The Guardian Bank of England split 7-2 over interest rates; Royal Mail shares dive 8 …The GuardianBrenda Kelly of IG Index says that investors have noted Royal Mail's warning that Amazon's competitive delivery network means the parcels market will only grow half as fast as expected. We can expect more of the same from Royal…
Many of us will be posting packages in the coming weeks – here's how to keep the costs down More: continued here
BBC News Royal Mail shares fall sharply on concerns over competitionBBC NewsShares in Royal Mail have fallen by almost 8% after the company warned that rivals – including Amazon – were eating into its parcel delivery business. Royal Mail said the rise of delivery firm Whistl could wipe £200m off sales. It also said competition…
Royal Mail said Amazon's plans would slash the rate of growth in the UK parcels market from 4-5 per cent to 1-2 per cent a year for around two years. More: continued here
Citywire.co.uk Royal Mail warns of Amazon threat as profit tumbles 21%Citywire.co.ukRoyal Mail saw operating profit before transformation costs tumble 21% year-on-year, as it warned of competition from Amazon in the UK parcels market. Revenues stood at £4.5 billion at the end of September, up 2% in comparison to the corresponding … More: continued here
BBC News Bank of England voted 7-2 to hold interest ratesBBC NewsRoyal Mail shares have dropped quite a bit this morning, following the publication of its half year results, which warned of increased competition from rivals like Whistl (formerly TNT UK). Shares are currently trading down 5% at 444p. That's still …and more » More: continued…
Telegraph.co.uk Royal Mail cuts parcels growth outlook as profit fallsReuters UKLONDON (Reuters) – Royal Mail halved the expected growth rate of its UK parcels market to 1-2 percent on Wednesday due to fierce competition which helped send first-half operating profit down 21 percent. The group, sold off by the government in October …Parcel delivery stabilises at…