Royal Mail set to axe 1,600 jobs March 25, 2014 Royal Mail has outlined proposals to cut the number of jobs at the company by 1,600 as part of its continued efficiency programme. However, Royal Mail hopes to create 300 new roles taking net reduction of jobs to 1,300. The majority of those impacted work in the company's operational and managerial departments. The programme is [...]
Royal Mail gets thumbs up from HSBC with “overweight” rating March 21, 2014 Royal Mail has laid strong foundations through its modernisation programme and can still deliver growth, according to a research note released by HSBC Global Research. The bank is initiating the company at "overweight" with DCF-driven target price of 710p. Since the Royal Mail's IPO it has significantly more flexibility to head off volume decline. the [...]
Royal Mail wins work with 14 London boroughs March 17, 2014 ROYAL Mail has seen off competition from two other postal companies to sign a two-year deal to deliver council documents for nearly half of London’s boroughs, the firm confirmed yesterday. The postal group, which was part-privatised in a stock market float in October, has provided the service for several boroughs previously, but the new contract [...]
Royal Mail float helps deliver Hargreaves lift February 5, 2014 FUND platform Hargreaves Lansdown yesterday said strong demand from retail investors for shares in Royal Mail helped deliver a rise in revenues and new business. The company, which operates as an online investment supermarket where DIY investors can buy funds, said revenues rose 13 per cent year on year for six months ending December to [...]
Royal Mail reshuffles the pack after operations chief departs January 13, 2014 ROYAL MAIL yesterday ended a chapter of its transition to a listed company, after the director credited with overhauling its key delivery operations announced his resignation from the company. Mark Higson, managing director for operations and modernisation, will leave the business in July after six years at the postal services firm. His replacement, director of [...]
Royal Mail hit by broker note January 7, 2014 CANTOR Fitzgerald looks set to be left off Royal Mail’s Christmas card list this year after slapping a sell rating on the postal service’s shares. Cantor analyst Robin Byde said that “following its spectacular post-IPO performance, [Royal Mail]’s valuation and dividend yield are no longer compelling”. While he said the firm was doing well with [...]