FILE PHOTO: A traditional Royal Mail red post box is seen near autumn foliage in London, Britain, October 21, 2020. REUTERS/Toby Melville (Reuters) – Britain’s Royal Mail raised its annual profit forecast on Wednesday, citing stronger-than-expected advertising, business and stamped mail volumes this year. The postal firm last month forecast …
Read More »UPDATE 2-Royal Mail raises revenue estimate as online shopping surges
* Royal Mail raises annual revenue estimate * Shares up 7% at near two-year high * H1 above initial expectations in many areas (Adds background on restructuring, labour dispute, shares) Nov 19 (Reuters) – Royal Mail raised its full-year revenue outlook on Thursday, as it benefited from a surge in …
Read More »PRESS DIGEST-British Business – Oct. 26
Oct 26 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times – UK special forces troopers stormed an oil tanker off the Isle of Wight on Sunday night and …
Read More »UPDATE 1-UK Stocks-Factors to watch on Sept 8
(Adds futures, news items) Sept 8 (Reuters) – Britain’s FTSE 100 index is seen opening 5 points higher at 5,942 on Tuesday, according to financial bookmakers, with futures seen up 0.4% ahead of cash market open. * ROYAL MAIL: Royal Mail raised its revenue target for the current year, driven …
Read More »UPDATE 2-UK’s Royal Mail ships more parcels, fewer letters during lockdown
* Parcel volume up 38%, letters drop 33% * Says restructuring plans underway * Reiterates outlook for 2020-21 (Rewrites throughout, adds detail, shares) By Yadarisa Shabong and Pushkala Aripaka July 21 (Reuters) – Britain’s Royal Mail said its parcel shipments rose 38% in April-June as lockdowns drove a surge in …
Read More »UPDATE 1-Royal Mail ships more parcels as sales move online in lockdown
(Adds details on volumes, context) July 21 (Reuters) – Britain’s Royal Mail said on Tuesday it had shipped 117 million more parcels in the June-ended quarter than last year, as people and businesses shifted to online sales during the coronavirus-led lockdown. The company has had a turbulent few years with …
Read More »UK Stocks-Factors to watch on July 2
July 2 (Reuters) - Britain's FTSE 100 index is seen opening 30 points higher on Thursday, according to financial bookmakers. * ROYAL MAIL: Royal Mail and its largest labour union have agreed to start talks to settle a long-running dispute over pay and operational changes, the former British postal monopoly …
Read More »Breakingviews – Corona Capital: Chuck E. Cheese, Pret A Manger
DALLAS/LONDON (Reuters Breakingviews) – Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. A Chuck E. Cheese restaurant is pictured in Oceanside, California, U.S., January 18, 2017. LATEST – CEC Entertainment – Pret A Manger MAY I BE …
Read More »Royal Mail says pandemic spurs need for change
(Reuters) – Royal Mail (RMG.L) Executive Chairman Keith Williams said on Thursday the COVID-19 pandemic has accelerated the need for a change at its UK business by three to four years as customers demand more parcels and fewer letters. In a brief interview with Reuters following the company’s financial results, …
Read More »UK Stocks-Factors to watch on March 18
March 18 (Reuters) - Britain's FTSE 100 index is seen opening 136 points lower on Wednesday, according to financial bookmakers. * HSBC: HSBC Holdings has appointed Noel Quinn as chief executive officer, handing the insider and interim boss the reins of Europe's biggest bank and ending months of speculation an …
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