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 …
Read More »Is Royal Mail the cheapest way to send parcels?
Many of us will be posting packages in the coming weeks – here's how to keep the costs down More: continued here
Read More »Royal Mail shares fall sharply on concerns over competition – BBC News
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 …
Read More »Royal Mail profits slide after Amazon starts doing own deliveries
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
Read More »Royal Mail warns of Amazon threat as profit tumbles 21% – Citywire.co.uk
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 … …
Read More »Bank of England voted 7-2 to hold interest rates – BBC News
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 …
Read More »Royal Mail cuts parcels growth outlook as profit falls – Reuters UK
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 …
Read More »Mother of baby found in post office arrested, charged with abandonment – KHOU
KPRC Houston Mother of baby found in post office arrested, charged with abandonmentKHOUHOUSTON – A mother who is accused of leaving her baby inside a southwest Houston post office has been arrested and charged with abandonment. Jeronde Jackson's baby boy was found on the morning of Oct. 22 on a …
Read More »CompaniesRoyal Mail cautious on parcels pre-Christmas – Financial Times
CompaniesRoyal Mail cautious on parcels pre-ChristmasFinancial TimesJust ahead of its busy Christmas season, the recently privatised Royal Mail has flagged challenges in its all-important parcels business, querying the popular perception that it was sold off too cheaply in its 2013 IPO. In half year results, the FTSE … More: continued …
Read More »Royal Mail cuts parcels growth outlook as profit falls – Daily Mail
Telegraph.co.uk Royal Mail cuts parcels growth outlook as profit fallsDaily MailLONDON, Nov 19 (Reuters) – Britain's 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 …
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