Royal Mail shares slump for second day in a row October 2, 2018 Royal Mail's shares have sunk to their lowest level since the company was taken private, putting the firm's membership in the FTSE 100 at risk. Shares are trading more than five per cent down today after falling off a cliff edge yesterday, losing 14 per cent and wiping more than £800m off its market value. So far, shares [...]
Crispgate: Royal Mail asks people to stop posting empty crisp packets September 26, 2018 Royal Mail is urging people to stop putting crisp packets in postboxes without envelopes amid fears that it might cause a delay to operations. The postal service has been caught in the firing line of a brewing row between environmental campaigners and crisp maker Walkers over non-recyclable packets currently being sold in the UK. [...]
Royal Mail chair steps down because of Countrywide commitments September 19, 2018 The chairman of Royal Mail, Peter Long, announced today that he is stepping down with immediate effect. Royal Mail said he had taken the decision after his other commitments “increased substantially” this year, including moving from non-executive to executive chairman at troubled estate agents Countrywide. Long joined the board of Royal Mail in June 2015 [...]
Royal Mail buys stake in Australian tech start-up Market Engine Global September 7, 2015 Royal Mail has bought a stake in Australian technology start-up Market Engine Global. The size of the stake and the amount paid by the FTSE 100-listed company have not been disclosed, but the move represents Royal Mail's continued attempt to diversify its business. Read more: Royal Mail posts flat revenue as letter sending continues [...]
Royal Mail’s share price plummets after Ofcom claims it “breached competition law” over delivery service changes July 28, 2015 Royal Mail's share price plummeted three per cent in early trading after Ofcom claimed it had “breached competition law” by behaving in a way that “amounted to unlawful discrimination” against competitors. The communications watchdog has issued a strongly worded “statement of objections” as part of an ongoing investigation prompted by complaints against Royal Mail [...]
Royal Mail posts flat revenue as letter sending continues to fall July 21, 2015 The figures The continued drop in letter-sending held back Royal Mail in the three months to 28 June, with revenue at the FTSE 100-listed company's core parcels and letters business falling two per cent, primarily thanks to a five per cent fall in the addressed letter volumes in the UK. Even the benefit of the [...]
Royal Mail’s share price just fell off a cliff as Ofcom revealed the scope of its review July 17, 2015 Royal Mail's share price has dropped this morning as Ofcom revealed the scope of its wide-ranging review of regulation for the business. Shares, which had been trading slightly up, suddenly fell off a cliff as the watchdog released its “discussion document” settting out its remit for the review. Royal Mail's share price was down [...]
Here’s how Royal Mail wants to turn itself around: Targeted junk mail based on your online shopping June 22, 2015 It hasn't been an easy few months for Royal Mail since it went public – but now the company has a secret weapon: targeted junk mail based on your online shopping habits. The company has already begun a "secret pilot" with a large UK retailer, the Daily Mail reported, with mail sent to households if they so much [...]
Government privatisations: Some key facts and figures June 18, 2015 In late May, George Osborne said that he’d like to privatise £23bn of government assets, and he raised the stakes last week by announcing the phased sale of the state’s stake in RBS. Here are some key facts and figures: ROYAL MAIL The government floated 60 per cent of the company in 2013 at [...]
Royal Mail share price slides as Ofcom launches “fundamental” review of Royal Mail June 16, 2015 Communications regulator Ofcom today announced plans for a "fundamental" review into Royal Mail's direct delivery service, sparked by the withdrawal of Whistl, Royal Mail's only rival in the sector. Read more: Opinion – Lessons learned as final Royal Mail parcel goes on sale Shares were down 2.5 per cent at 492p as Ofcom said the [...]