Royal Mail posts a warning over delivery rivalry May 22, 2014 ROYAL Mail’s shares dragged the FTSE 100 down yesterday as the recently privatised postal firm’s shares tumbled 9.7 per cent, following a warning of rising competition in parcel deliveries. The warning dulled an otherwise strong set of results from Royal Mail, which reported a 12 per cent rise in full-year profit to £363m during the [...]
Royal Mail posts a warning over delivery rivalry May 22, 2014 ROYAL Mail’s shares dragged the FTSE 100 down yesterday as the recently privatised postal firm’s shares tumbled 9.7 per cent, following a warning of rising competition in parcel deliveries. The warning dulled an otherwise strong set of results from Royal Mail, which reported a 12 per cent rise in full-year profit to £363m during the [...]
London Report: FTSE ends flat as Royal Mail warns of rivals May 22, 2014 THE FTSE 100 fell slightly yesterday on the back of a mixed picture of the latest Purchasing Managers Index surveys – with China and the US reporting good results while France’s were poor. The market closed down 0.48 points at 6820.56, a drop of 0.01 per cent. The biggest climber of the day was global [...]
Why today’s results may be as good it gets for Royal Mail May 22, 2014 Shares in the recently-privatised Royal Mail have fallen by six per cent after the company warned it may never reach its targeted profit margin. At first glance Royal Mail's results appear to be encouraging, with reported profit before tax jumping by 83 per cent, to £1.6bn. Net debt is also down a hefty 39 per [...]
Royal Mail share price drops 5pc as chief warns on threats to business May 22, 2014 Royal Mail has reported some pretty healthy full-year results, although fears for the long-term security of the business have been compounded by words of warning from chief executive Moya Greene this morning. The company, which floated last October, experienced a 83 per cent leap in reported profit before tax, to £1.6bn. Revenue increase two per cent, [...]
Royal Mail share price drops 5pc as chief warns on threats to business May 22, 2014 Royal Mail has reported some pretty healthy full-year results, although fears for the long-term security of the business have been compounded by words of warning from chief executive Moya Greene this morning. The company, which floated last October, experienced a 83 per cent leap in reported profit before tax, to £1.6bn. Revenue increase two per cent, [...]
The stiff competition facing Royal Mail May 21, 2014 Ahead of its first set of full-year results as a listed company tomorrow, Royal Mail’s announced it’s going to trial delivering parcels on Sundays. Later this summer, it’ll open about 100 offices on Sunday afternoons for customers to pick up parcels. It’ll also pilot delivering parcels within the M25; and from June, Parcelforce Worldwide, its [...]
Privatisation may have come too late to stop the decline of Royal Mail May 20, 2014 Since privatisation Royal Mail has enjoyed a positive settlement with the Communication Workers Union (CWU), continued to implement its efficiency plan and has reported trading in line with guidance. However, Royal Mail's recent success is under increasing threat as the UK takes off as one of the most liberal and competitive postal markets in the [...]
London Report: Royal Mail set to deliver first annual results May 18, 2014 YEARLY results for Royal Mail this week are likely to inflame anger over the company’s issue price, as analysts expect a significant profit leap. JP Morgan said recently it “remains bullish” and set a target price of 756p a share – a huge jump from the 330p offer price. In economic news, the Bank of [...]
Vince Cable reveals golden ticket Royal Mail investors April 30, 2014 BUSINESS secretary Vince Cable yesterday revealed the 16 priority investors who were given preferential treatment in the Royal Mail sell-off and allocated £728m in shares. When the Royal Mail share price unexpectedly soared by 38 per cent on the first day of trading, it wildly exceeded asset managers’ targets. Almost half of the priority investors’ [...]