Royal Mail PLC LON:RMG

Royal Mail (LON: RMG) said on Thursday that it plans on slashing its workforce by roughly 2,000 jobs in a bid to shore up finances amidst the Coronavirus pandemic that has so far infected more than 300,000 people in the United Kingdom and caused over 43,000 deaths. The company withdrew guidance and suspended its dividend in March. Shares of the company were reported about 3% down in premarket trading on Thursday and dropped another 4% on market o...

Infecting around 14,500 people in the UK and causing over 740 death, the Coronavirus shocked the UK’s government on Friday as Prime Minister Boris Johnson tested positive for the flu-like virus. The news stirred further fear in the UK’s benchmark share index that was recorded trading significantly lower later in the day. UK’s blue-chip FTSE 100 index recovered for three days in a row on the optimism of aggressive measures taken...

The leading postal service and courier company of the UK, Royal Mail (LON:RMG), joined the long list of companies on Friday that have withdrawn financial guidance and suspended dividends amidst the Coronavirus pandemic. The company also said that its “Journey 2024” turnaround plan has also been affected significantly due to COVID-19. Royal Mail had announced in May 2019 that it plans on making a sizeable investment of £1.8 billi...

Royal Mail (LSE: RMG) was listed on the London Stock Exchange in 2013. At the time, an inquiry was tabled in parliament to determine whether the company’s shares were overly discounted during the issue. In its IPO, Royal Mail issued each share at 330p but closed off at 450p after a day’s trade. Later on, the firm’s shares jumped to more than 600p.  Now, before you get excited, you’ll be worried to note that as at toda...

Royal Mail has been actively trying to avoid a nationwide strike during the days of Christmas. In a recent attempt, it has invited the trade union leaders for another round of negotiations. In a letter sent to the Communication Workers Union (CWU), the postal and courier service highlighted that it is open for discussions as long as the union removes preconditions and present a binding commitment that negates the threat of a strike on Christmas....

Royal Mail had presented a pay deal to its junior and middle managers in the past week that was up for voting. As of Friday, sources have highlighted that managers have already voted on the deal that highlights a total of 5.3% pay increase over two years. Sources from the Royal Mail have reported that around 70% of the managers voted in favor of the pay deal. Contents Of The Pay Deal As per the deal, as many as 6,500 managers in total have been r...

Liberum argues that the recent strength in Royal Mail Group’s (LON:RMG) share price is at odds with threats from its workforce dispute, Citywire reports. The comments came as the analysts turned bearish on the privatised postal operator. Royal Mail’s share price tumbled in the previous session, giving up 3.77 percent to close at 211.70p, underperforming the FTSE 250 which ended trading 0.62 percent in the red at 19,919.07 points. The...

Royal Mail Group (LON:RMG) and a reseller of its parcel delivery services have admitted breaking competition law by means of an anti-competitive agreement, industry regulator Ofcom has said. The news comes after the privatised postal operator reported performance in line with expectations in July. Royal Mail’s share price has surged in London this Thursday, having gained 1.33 percent to 220.30p as of 10:50 BST. The stock is outperforming th...

Royal Mail’s (LON:RMG) has seen its shares slide in recent months, and IG reckons that there are few signs of the slide stopping anytime soon. The privatised postal operator’s shares have given up more than half of their value over the past year, and are trading well below the company’s market debut price of 330p. IG weighs in on Royal Mail share price IG’s financial writer Aaran Fronda commented in a note this week that R...

Royal Mail Group’s (LON:RMG) share price has fallen into negative territory In London this Thursday even as the privatised postal operator reported performance in line with expectations. The update comes after the mid-cap company said in May that it was targeting operating profit margin of over four percent in 2021-22, increasing to over five percent in 2023-24. As of 08:48 BST, Royal Mail’s share price had given up 0.64 percent...

The FTSE 100 looks set to extend the previous session’s losses this Thursday, pressured by trade uncertainty and renewed Brexit concerns. On the corporate front, investors will digest a string of corporate releases as the earnings season kicked off this week. FTSE 100 seen lower CNBC reports that according to IG index data, the Footsie is seen opening 17 points lower at 7,511. Sentiment is likely to be subdued today following a report in th...

Royal Mail Group (LON:RMG) is expected to post a small rise in revenue when it updates investors on its trading performance next week. The results will follow the privatised postal operator’s strategy update in May when the company said that it was targeting operating profit margin of over four percent in 2021-22, increasing to over five percent in 2023-24. Royal Mail’s share price has advanced in London this Friday, having gaine...

HSBC has lowered its rating on Royal Mail Group (LON:RMG), arguing that the postal operator’s earnings before interest and taxes were likely to be lower than last year as positive earnings momentum was ‘some way off,’ Sharecast reports. The comments mark another analyst blow for the company after Jefferies pointed to Royal Mail’s low productivity in the UK as the group’s biggest challenge. Royal Mail’s share pr...

Royal Mail’s share price (LON:RMG) came under pressure yesterday as analysts at Jefferies lowered their valuation on the stock. Proactive Investors quoted the broker as pointing to the postal operator’s low productivity in the UK as the company’s biggest challenge. Royal Mail’s share price fell in the previous session, giving up 5.21 percent to close at 194.50p, and underperforming the FTSE 250 which ended trading 0.49 per...

Royal Mail’s share price (LON:RMG) is continuing its rollercoaster week, trading higher this morning, following analyst comments. Today’s move higher follows a slump yesterday, in the wake of the postal operator’s full-year results and strategy update which lent support to the shares earlier in the week. As of 09:08 BST, Royal Mail’s share price had added 3.92 percent to 205.40p, lending support to the FTSE 250 index which...

Hargreaves Lansdown reckons that it is no surprise that Royal Mail Group’s (LON:RMG) chief executive has decided drastic action is needed. The comments came after the privatised postal operator updated investors on its full-year performance yesterday, and announced a ‘refreshed strategy’. Royal Mail’s share price has fallen deep into the red in London in today’s session, having given up 5.36 percent to 210.10p as of...

Shares in Royal Mail Group (LON:RMG) have soared in London in today’s session as the company update investors on its full-year performance and announced a new five-year strategy. The postal operator meanwhile announced plans to slash its payout to shareholders as it looks to fund its ‘refreshed strategy’. As of 09:52 BST, Royal Mail’s share price had added 4.59 percent to 221.10p. The shares are outperforming the mid-cap FTSE 250 index which curr...

The FTSE 100 looks set to start Wednesday’s session on the front foot, following an upbeat lead from the US, with investors digesting the latest developments between Washington and Beijing. On the corporate front, investors will eye Marks & Spencer Group’s (LON:MKS) preliminary results. FTSE 100 seen higher Reuters reports that the Footsie is seen opening 21 points higher at 7,350. The blue-chip index is likely to take cues from the US where...

Royal Mail Group (LON:RMG) is expected to post a drop in profit when it reports its full-year results next week. The privatised postal operator is further due to update investors on its strategy after warning earlier this year that letter volumes would decline more than previously expected. Royal Mail’s share price has slipped lower in London in today’s session, having given up 0.60 percent to 233.40p as of 14:15 BST. The stock is mar...

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