By Joe Hoppe International Distribution Services said Thursday that it has appointed Martin Seidenberg as chief executive officer, effective from August, and its first-quarter group revenue rose 0.3% on year. The postal service and courier company–formerly Royal Mail–said Seidenberg will be appointing CEOs for Royal Mail and GLS in due …
Read More »IDS’ Royal Mail Gets Five-Year HM Passport Contract
By Ian Walker International Distribution Services said Monday that its Royal Mail unit has won a five-year contract with HM Passport office to collect and deliver passports and other documents, including U.K. Visas and Immigration travel documents. The London-listed company said that it has already started delivering some documents on …
Read More »Card Factory 11-Month Sales Rose 28%, But Online Sales Hurt by Postal Strikes
By Ian Walker Card Factory PLC said Tuesday that sales for the 11 months ended Dec. 31 were 28% higher than the same period of the previous year as it benefited from customers returning to the high street, although online sales were hurt by postal strikes as well as the …
Read More »Royal Mail Warns of Material Losses as Union Moves Forward With Strike
By Jaime Llinares Taboada Royal Mail PLC warned on Wednesday that it expects to be materially lossmaking in fiscal 2023 if a proposed strike action takes place. The Communication Workers Union, or CWU, has told the company that it intends to call upon its members to take strike action for …
Read More »Royal Mail to Consider Separation of GLS
By Kyle Morris Royal Mail PLC said Wednesday that it will consider the separation of its namesake Royal Mail business and GLS if it can’t achieve significant operational change at Royal Mail in the U.K. The British letter-and-parcel courier said it will rename the holding company to International Distributions Services …
Read More »Royal Mail PLC 1Q Revenue Down 11.5% Year on Year
By Kyle Morris Royal Mail PLC said Wednesday that its fiscal first-quarter group revenue fell 11.5% on year and that it was committed to reaching an agreement with a union after a ballot on strike action on Tuesday. The British letter-and-parcel courier said revenue for the three months ended June …
Read More »U.K. stocks extend negative streak for second day
U.K. stocks fell Wednesday, as the FTSE 100 Index UKX, -0.08% closed at 7,593.00. Of the FTSE 100 constituents, air freight company Royal Mail PLC RMG, -5.17% saw the largest decrease Wednesday, as shares shed 5.17% Shares of investment advisors firms Schroders PLC SDR, -3.23% abrdn PLC ABDN, -2.48% dropped …
Read More »U.K. stocks continue positive streak, increase for third session
U.K. stocks climbed Friday, as the FTSE 100 Index UKX, +0.27% closed up 0.27% at 7,585.46. Of the FTSE 100 constituents, closed-end funds company Scottish Mortgage Investment Trust PLC SMT, +6.57% saw the largest increase Friday, as shares increased 6.57%. Shares of food retail firm Ocado Group PLC OCDO, +5.01% …
Read More »Royal Mail FY 2022 Revenue Seen Rising While Profit Slips — Earnings Preview
By Joe Hoppe Royal Mail PLC is scheduled to report results for fiscal 2022 on Thursday. Here’s what you need to know: REVENUE FORECAST: The U.K. postal company is expected to report revenue for the year ended March 27 of around 12.83 billion pounds ($16.03 billion) according to a consensus …
Read More »U.K. stocks weaken for first time in two days
U.K. stocks decreased Thursday, as the FTSE 100 Index UKX, +0.24% finished down 0.83% at 7,515.68. Among FTSE 100 constituents, air freight company Royal Mail PLC RMG, +0.64% saw the largest decline Thursday, as shares fell 4.78% Shares of advertising/marketing/public relations firm WPP PLC WPP, +0.70% and food products company …
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