Royal Mail row shouldn’t see UBS barred from Eurostar role – Bottom Line October 13, 2014 Bill Ackman was in typically bullish form yesterday, insisting it was “good” that shares in Pershing Square tanked 10 per cent on debut. “If it went up, we’d have sold it too low,” he said. To some extent, he has a point though. If shares turn green and jump considerably after a listing, you can end [...]
Royal Mail share price wavers as £18m deal over French fine is struck October 9, 2014 Royal Mail revealed yesterday that it had set aside £18m to pay an out-of-court settlement with French competition authorities over an alleged breach of antitrust rules in the country. The £18m pot set aside is split into £12m for the fine and £6m to tackle legal costs associated with the case, which is still under [...]
Royal Mail IPO share price: One year on – will Vince Cable have the last laugh? October 9, 2014 The pressure on business secretary Vince Cable to admit that the government made a mistake pricing Royal Mail shares at 330p has been steadily building since the company floated a year ago. On the first day of conditional trading, shares soared 38 per cent, having already opened at 403p. This increase, coupled with fevered appetite [...]
Royal Mail share price rises as company earmarks £18m for French fine October 9, 2014 Royal Mail has earmarked £18m to pay a fine to French competition authorities, over claims one of its subsidiaries breached antitrust laws. The postal group's subsidiary GLS France is currently being investigated over activities dating back to before 2010. Although the investigation by French competition authority Autorite de la Concurrence is ongoing, Royal [...]
Bad news in the post hits Royal Mail September 25, 2014 SHARES in Royal Mail yesterday slipped below below 400p for the first time since its IPO last October. The shares bottomed out at 397.90p before closing on 400p, a fall of 3.47 per cent, after rival UK Mail issued a revenue warning because of a decline in parcel volumes. That’s a year-low for the stock, [...]
Royal Mail share price falls below 400p for first time since IPO September 25, 2014 Shares in Royal Mail have fallen below 400p for the first time since its IPO last October. The stock has hit a low of 397.9p per share today after rival UK Mail issued a revenue warning because of a decline in parcel volumes. That's a year-low for the stock, which has attracted much [...]
Inquiry launched into postal sector after Royal Mail warnings about unfair USO competition September 24, 2014 A new inquiry into competition in the postal sector was launched by MPs yesterday, following warnings by Royal Mail that its universal service obligation (USO) might be at risk due to rivals “cherry picking” profitable areas. The business committee will investigate the impact of competition in mail and parcel delivery services on the USO, which [...]
Tidworth is top town in Royal Mail list of UK’s most desirable postcodes August 25, 2014 The UK’s most desirable postcodes, based on a range of qualities from education to the affordability of housing, were revealed by the Royal Mail yesterday, with a town in Wiltshire ranking top of the list. The study, which was conducted by the Centre for Economics and Business Research (Cebr) on behalf of the Royal [...]
£2.4bn Woodford fund invests in Royal Mail August 5, 2014 Star hedge fund manager Neil Woodford has taken a stake in Royal Mail through his new £2.4bn CF Woodford Equity Income fund. Woodford invested 1.5 per cent of his fund’s assets in the stock last month. “This [Royal Mail] is fundamentally a very attractive, cash generative business,” said Woodford on his investment. Royal Mail’s shares [...]
Royal Mail relief as shareholder revolt is averted July 24, 2014 ROYAL Mail chief Moya Greene’s £1.35m pay package was overwhelmingly approved yesterday as a threatened shareholder revolt failed to materialise at its annual general meeting (AGM) in Birmingham. The letter and parcel delivery company, controversially privatised last October, saw all resolutions at the sparsely attended AGM passed by well over 90 per cent, with only [...]