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 »US open: Stocks mostly lower as traders look ahead to tech earnings
Wall Street stocks were mostly lower early on Monday as traders braced for another earnings-heavy week. As of 1545 BST, the Dow Jones Industrial Average was up 0.01% at 33,812.01, while the S&P 500 lost 0.14% to 4,127.68 and the Nasdaq Composite came out the gate 0.54% weaker at 12,007.87. …
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CNBC Pro: Goldman Sachs strategist says these investments are ‘starting to look attractive again’ James Ashley, head of international market strategy at Goldman Sachs Asset Management, discusses which investments look attractive right now, and the likelihood of a recession. Stocks on the move: Royal Mail up 5%, Elekta down 7% …
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 »London open: Stocks fall amid earnings barrage, despite more dovish Fed
London stocks were a little weaker in early trade on Thursday, unable to hold on to opening gains despite a less hawkish stance from the US Federal Reserve, amid a barrage of corporate news. At 0925 BST, the FTSE 100 was down 0.3% at 7,323.74. Overnight, the FOMC raised the …
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 »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 »Royal Mail, Persimmon buck otherwise weak FTSE 100
The U.K.’s postal delivery service was outshining the FTSE 100 index on Thursday, after Royal Mail reported better-than-expected results, with home builders also rising, though energy companies were tugging at the downside as oil prices fell. The FTSE 100 index UKX, -0.48% dipped 0.2% to 7,629, losing around 1% for …
Read More »Royal Mail Revenue Grew 8.2% 5-Mos Year-on-Year
By Jaime Llinares Taboada Royal Mail PLC said Thursday that its adjusted operating profit for the first half ending Sept. 30 is expected to be between 395 million and 400 million pounds ($537.9 million-$544.7 million). The company said that both the adjusted operating profit and margin of its Royal Mail …
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