Royal Mail capitalises on parcels boom as annual profit more than doubles May 20, 2021 Royal Mail saw its annual profit more than double in the year ended March 2021, bolstered by a surge in parcel deliveries as customers turned to online shopping. The postal firm today reported a 116 per cent surge in adjusted operating profit to £702m and a 17 per cent jump in revenue to £12.6bn. Simon [...]
FTSE 100 reshuffle: Are Royal Mail and ITV in pole position for promotion? May 19, 2021 Royal Mail and ITV look to be strong contenders for promotion to the index of the UK’s 100 biggest public companies during next month’s FTSE reshuffle. ITV, which has been boosted by the return of ad revenue, is considered a strong outsider to inch back into the top flight, according to analysis from Hargreaves Lansdown. [...]
Royal Mail shareholders set for bumper payday in ‘an astonishing reversal of fortunes’ March 30, 2021 Royal Mail shareholders are set for a bumper payday as the company announced it expects to pay them a dividend following a strong year during the global pandemic. The company said it expects to pay a 10p-a-share dividend by the end of the year with adjusted operating profits likely to hit around £700m this financial [...]
Royal Mail hikes profit forecasts as it delivers letter boost March 10, 2021 Royal Mail today lifted its profit forecasts after it delivered better-than-expected letter volumes and revenue since the start of the year. The postal company delivered a record number of parcels in the run-up to Christmas as the pandemic fuelled an online shopping boom, though letter volumes fell. But in a trading update this morning the [...]
Royal Mail reports busiest Christmas on record as parcel revenue soars February 11, 2021 More than 496 million parcels were delivered by Royal Mail during the third quarter, the busiest period in its history. The postal service distributed 11.7 million parcels during its toughest 24 hours, 32 per cent more than the busiest day throughout the first national lockdown. Covid-19 restrictions prompted a surge in demand, leading to Royal [...]
Royal Mail appoints former Apple exec as new boss January 11, 2021 Royal Mail has this morning announced that director Simon Thompson will become its new chief executive. The former Apple executive will move into the top seat today, with interim chief Stuart Simpson to leave at the end of January. Simpson has been managing the firm on a temporary basis since May, when Rico Black quit. [...]
Amazon circles Post Office as it loosens ties with Royal Mail December 18, 2020 Amazon and Hermes are in talks to handle the Post Office’s packages, in a potentially major boost for Britain’s 11,500 branches. The Post Office yesterday revealed it had signed its first “non-exclusivity” deal with Royal Mail, in a move that will loosen ties that have been in place for hundreds of years. Silicon Valley giant [...]
Royal Mail boosts revenue estimates but profit collapses November 19, 2020 Royal Mail increased its estimates for full year revenue today as the surge in online shopping caused by the coronavirus pandemic boosted its turnover. However, it warned that it was still struggling with its loss-making letters division, as well as a sharp rise in costs. For the full year, the firm said that revenue could [...]
Weekly outlook, 16-20 November: will FTSE rally continue? November 15, 2020 After the best week for the FTSE 100 since April, investors will be keen to see if markets can keep the rally going, with a slew of heavyweights set to report. Last Monday Pfizer’s announcement that its vaccine was 90 per cent effective in treating the coronavirus disease sent stocks soaring. Traders cheered the news, [...]
Online shopping boom could cause Christmas chaos, Post Office warns November 3, 2020 A boom in online shopping and parcel deliveries could cause Christmas chaos this festive season, the Post Office said as it warned the public to send their gifts earlier than usual to avoid a last-minute rush. More than a fifth of Brits have already decided to send presents through the post rather than give them [...]