Tag Archives: royal

A new fully automated parcel sorting machine which can process 180,000 parcels per day has been installed by Royal Mail in its Tyneside Mail centre. The machine – officially opened by Gateshead MP Ian Mearns – is an intelligent system of conveyor belts and scanning technology that automatically sorts parcels …

With just over six weeks to go until Christmas, Royal Mail is once again lending a helping hand to one of its most special customers, Father Christmas. For 58 years, Royal Mail has been helping to make Christmas wishes come true by sending children’s letters to the North Pole. Now …

Royal Caribbean CEO Richard Fain delivers a speech at a shipyard in western France, on March 23, 2018.LOIC VENANCE/AFP/Getty Images Royal Caribbean Group’s Chief Executive Officer, Richard Fain, is stepping down after more than three decades with the U.S. cruise operator that is still recovering from the slump caused by …

FILE PHOTO: The logo of Royal Mail is seen outside the Mount Pleasant Sorting Office as a delivery vehicle arrives, in London, Britain, June 25, 2020. REUTERS/John Sibley/File Photo (Corrects spelling of ‘Rosenau’ in headline) (Reuters) -Britain’s Royal Mail said on Friday its GLS parcel service would buy Rosenau Transport …

Royal Mail shares tumbled on Wednesday as UBS downgraded them to ‘sell’ from ‘buy’ and cut the price target to 440p from 590p. The bank said risks to opex were increasing, with potential pricing pressure in UK Parcel. UBS cut its FY22/23 EBIT estimates by 8%/15%, mainly driven by higher …

Royal Mail said it expected a rise in first half profits despite rising costs as the pandemic-driven boom in parcel delivery from online shopping continued to drive revenue growth. The letter and parcel carrier said revenues climbed 8.2% to £5.1bn in the five months to August. It added that it …

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 …

Analysts at Canaccord Genuity raised their target price on software firm Cerillion from 350.0p to 465.0p on Tuesday, stating that demand was “good” but also noting that execution was “key”. Canaccord said Cerillion’s order book at the end of September 2020 provided it with visibility for over 90% of 2021 …

Jefferies upgraded its stance on shares of Royal Mail on Tuesday to ‘hold’ from ‘underperform’ and hiked the price target to 450p from 300p. The bank said a better-than-expected peak season and ongoing Covid-19 restrictions lead to a 60% increase in its FY20/21E operating profit forecast to £580m. “We estimate …

Deutsche Bank upgraded Royal Mail to ‘buy’ from ‘hold’ on Wednesday, highlighting a “complete change of outlook”, as it hiked the price target to 550.0p from 320.0p. The bank noted that its ‘sell’ case on the stock between 1 December 2017 and 5 May 2020 was based on the fact …