Royal Mail, Kier Group and Thomas Cook set to lose out in tomorrow’s FTSE reshuffle, as insurer Hiscox looks set to join the big league December 4, 2018 Royal Mail will need a miracle to avoid relegation from the FTSE 100 Index tomorrow, as insurer Hiscox looks ready to step into its place as a blue chip firm. The winners and losers of the last FTSE reshuffle of the year are to be announced tomorrow afternoon, with Thomas Cook, Kier Group and the [...]
Ofcom worried Royal Mail productivity slump could threaten company’s long-term finances December 2, 2018 Ofcom has warned that Royal Mail’s long-term sustainability could be under threat in the wake of a profit warning which sent the recently privatised company’s shares plummeting. The watchdog, which monitors the postal service’s ability to deliver letters and parcels across the country six days a week for a fixed fee, said in an annual [...]
FTSE round up: Index drops on oil and mining share sell-off following fears of oversupply November 23, 2018 The FTSE 100 closed 0.14 per cent down this week after falling to 6,950.82, driven by a sell off in oil and mining shares. The biggest faller was silver and gold miner Fresnillo which saw a 6.98 per cent decrease to 746.4p as the company continued to feel the effects of being downgraded by Morgan Stanley [...]
FTSE 100 roundup: Today’s winners and losers November 16, 2018 The FTSE 100 lost ground today, down 5.31 points at 7,032.70 just before markets closed after a turbulent start to the day when it lost as much as 0.8 per cent. All week markets have been reacting to the political fallout from Brexit as the FTSE 100 wiped out gains made late last week. Top 5 FTSE [...]
Profits slide at Royal Mail as it promises to deliver on turnaround strategy November 15, 2018 Shares fell as Royal Mail promised a “clearer focus” on financial performance and management accountability today after its profits dropped by over a quarter for the opening half of the year. Chief executive Rico Back said the company will renew its focus on customers just a month after issuing a profit warning that saw shares tumble, [...]
Royal Mail shakes up management after series of setbacks as senior executive departs November 7, 2018 One of Royal Mail's top executives has agreed to step down from her role as the postal service shakes up its senior management following a series of knocks to its share price. Sue Whalley, head of the UK post and parcels division, will depart in March next year, and has left the board with immediate [...]
Royal Mail ’embarrassed’ at lack of shareholder engagement over executive pay October 16, 2018 Royal Mail’s remuneration committee chair Orna Ni-Chionna told MPs today she was “embarrassed” at the failure to engage with its shareholders before a major revolt over the pay for its outgoing chief executive Moya Greene. Ni-Chionna, appearing before the Business, Energy and Industrial Strategy select committee, said it was a “huge disappointment” and “shock” that [...]
Royal Mail downgrade forces shares below the government’s 2013 IPO price October 9, 2018 Shares in Royal Mail have dropped below their controversial IPO valuation for the first time after the company was downgraded by two banks this morning. The FTSE 100 company, which floated at 330p a share in 2013, briefly dropped as low as 322p in morning trading. A profit warning issued last Monday sent the company’s [...]
Crispgate: Walkers announces new recycling scheme for crisp packets October 5, 2018 Walkers has announced a new recycling scheme two weeks after Royal Mail asked anti-plastic campaigners to stop posting empty crisp packets without envelopes. From December fans of the savoury snack company can post used packets in envelopes free of charge, directly to a recycling company. All brands of crisp packets will be accepted as part [...]
Top Royal Mail investor expresses anger at company’s handling of union pension deal October 3, 2018 A major investor in postal giant Royal Mail has expressed anger at the management of the company in the same week its shares have taken a battering. Shares in the firm fell 14 per cent on Monday after it issued a profit warning, before closing down another seven per cent yesterday. Royal Mail has seen some [...]