Christmas boost helps Royal Mail continue growth January 22, 2015 A MERRY return on Christmas parcels has allowed Royal Mail to report a one per cent growth in revenues for the first nine months of the year, the company revealed in a trading update yesterday. Parcel volumes for the nine months were up three per cent, compared to two per cent in the first half. [...]
Royal Mail share price rises as Christmas packages pick up January 22, 2015 The figures Shares in Royal Mail went up by 4.18 per cent to £4.49 in trading this morning, following the company's positive results for the Christmas period. Group revenue rose one per cent during the nine months to 28 December, indicating the company is performing in line with expectations. The UK postal service [...]
Nigel Farage claims Vince Cable is a “Marxist” after Royal Mail sale December 19, 2014 During his regular phone in with LBC radio Nigel Farage gave it business secretary Vince Cable with both barrels. The Ukip leader slammed the Lid Dem cabinet minister saying we've got a "Marxist in charge of the business department". Farage was answering a question referring to the privatisation of Royal Mail. He added that Cable [...]
Lord Myners report rescues Vince Cable over Royal Mail IPO December 18, 2014 The government received unexpected praise over Royal Mail’s float. But the City is being told to make some changes. One quick glance at the share price told the City’s critics’ everything they wanted to hear. The Royal Mail privatisation was another classic case of over-paid charlatans ripping the taxpayer off to the tune of [...]
Lord Myners report: Here’s why the Royal Mail sale wasn’t done on the cheap December 18, 2014 The much awaited Myners report commissioned by business secretary Vince Cable on the sale of Royal Mail has finally been released. The report concluded that the Royal Mail sale was undervalued by £180m. The Labour party and the trades unions will no doubt scream blue murder about another botched attempt by a Tory-led government to [...]
Lord Myners’ report could finally ease pressure on Vince Cable over Royal Mail December 17, 2014 Vince Cable knew what he was letting himself in for when he asked Lord Myners to oversee a review of the British government’s privatisations. So the business secretary will, I suspect, be relieved that the independent-minded former City minister has concluded that taxpayers were less short-changed from Royal Mail’s initial public offering (IPO) [...]
Royal Mail has taken a battering but is still valued brand – Brand Index December 16, 2014 THE CHRISTMAS period is always one of great stress and pressure for the delivery sector. With Royal Mail’s hold over the industry beginning to be threatened, I can use YouGov BrandIndex data to assess how it has been performing in the run up to this crucial time. Of course, Royal Mail has been repeatedly in [...]
Ed Richards delivers blow to Royal Mail as Ofcom rejects competition claims and launches investigation December 2, 2014 The postal service is finding it tough grappling with rivals while having to provide the universal service. Royal Mail was hit by a double-whammy of bad news yesterday after Ofcom rejected its claims that competition was undermining its ability to deliver a nationwide service. On top of that rejection, the regulator said it was launching [...]
Royal Mail share price drops as Ofcom says the postal service “isn’t under threat” December 2, 2014 The UK’s postal service is not under threat, Ofcom has said, delivering a blow for Royal Mail, whose boss Moya Green told MPs it faced competitors which made a universal service “unfinanceable and uneconomic”. Shares in the newly-privatised Royal Mail fell 3.2 per cent in mid-morning trading, after it emerged its complaints competitors were undercutting [...]
Vince Cable calls Royal Mail boss Moya Greene’s stance over universal service scaremongering November 26, 2014 Business Secretary Vince Cable yesterday accused Royal Mail chief executive Moya Greene of scaremongering after she told MPs that there was a threat to the universal service. The universal service means Royal Mail has to deliver across the UK, six days a week, and for the same price. Appearing before the Business, Innovation and Skills Committee, [...]