Edition:
United Kingdom

Royal Mail PLC (RMG.L)

RMG.L on London Stock Exchange

457.30GBp
16 Jan 2018
Change (% chg)

1.20 (+0.26%)
Prev Close
456.10
Open
454.60
Day's High
458.80
Day's Low
454.60
Volume
180,040
Avg. Vol
5,997,443
52-wk High
466.70
52-wk Low
367.80

Latest Key Developments (Source: Significant Developments)

Royal Mail posts H1 pretax profit of 77 million stg
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Royal Mail Plc :INTERIM DIVIDEND 7.7 PENCEPER SHARE.H1 PRETAX PROFIT 77 MILLION STG VERSUS 110 MILLION STG YEAR AGO.HY MARGIN 5.4 PERCENT VERSUS 5.7 PERCENT.INTERIM DIVIDEND 7.7 PENCE PER SHARE.SAYS "WE ARE OPENING SIX TEMPORARY PARCEL SORT CENTRES AND RECRUITING OVER 20,000 STAFF".HY REVENUE 4,829 MILLION POUNDS VERSUS 4,583 MILLION POUNDS.HY PROFIT BEFORE TAX 250 MILLION POUNDS VERSUS 252 MILLION POUNDS.‍OUR PERFORMANCE FOR FULL YEAR, AS ALWAYS, WILL BE DEPENDENT ON IMPORTANT CHRISTMAS PERIOD​.‍OUR UKPIL COST AVOIDANCE PROGRAMME IS ON TRACK TO DELIVER AROUND £190 MILLION COSTS AVOIDED THIS YEAR​.‍WE MAINTAIN OUR OUTLOOK FOR ADDRESSED LETTER VOLUME DECLINES OF BETWEEN FOUR TO SIX PER CENT PER ANNUM (EXCLUDING POLITICAL PARTIES' ELECTION​.SAYS IN GLS, UNDERLYING REVENUE GROWTH FOR FULL YEAR ANTICIPATED TO BE BROADLY IN LINE WITH FIRST HALF.  Full Article

Royal Mail says talks with union could be extended to reach an agreement
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Royal Mail Plc :ROYAL MAIL PLC - CO, THE CWU HAVE APPOINTED PROFESSOR LYNETTE HARRIS TO MEDIATE TALKS UNDER THE DISPUTE RESOLUTION PROCEDURES.ROYAL MAIL PLC - TALKS COVER PAY, PENSIONS AND OTHER ISSUES.ROYAL MAIL PLC - MOYA GREENE, CEO, WILL LEAD THESE TALKS FOR ROYAL MAIL.ROYAL MAIL PLC - THE PROCEDURES ALLOW SEVEN WEEKS FOR NEGOTIATIONS FROM THE APPOINTMENT OF A MEDIATOR.ROYAL MAIL PLC - WE ANTICIPATE THAT DISCUSSIONS COULD BE EXTENDED TO FACILITATE AN AGREEMENT.  Full Article

UK's CWU says "extremely disappointed" at the Royal Mail court ruling‍​
Thursday, 12 Oct 2017 

Oct 12 (Reuters) - Britain's Communications Workers Union (CWU)::UK'S CWU SAYS "EXTREMELY DISAPPOINTED AT THE ROYAL MAIL COURT RULING"‍​.UK'S CWU SAYS “UNLESS CO SIGNIFICANTLY SHIFTS ITS POSITION ON RANGE OF ISSUES AND CAN QUICKLY CONCLUDE A GOOD AGREEMENT FOR MEMBERS THEN STRIKE ACTION IS INEVITABLE“‍​.  Full Article

Royal Mail gets court injunction to stop workers strike
Thursday, 12 Oct 2017 

Oct 12 (Reuters) - Royal Mail Plc :‍HIGH COURT CONFIRMS CONTRACTUAL DISPUTE RESOLUTION PROCEDURES MUST BE FOLLOWED BEFORE INDUSTRIAL ACTION​.‍COURT'S FINAL INJUNCTION MEANS THAT ANY STRIKE ACTION BEFORE DISPUTE RESOLUTION PROCEDURES HAVE BEEN FOLLOWED WOULD BE UNLAWFUL​.‍WILL NOW MAKE CONTACT WITH CWU AS A MATTER OF URGENCY TO BEGIN PROCESS OF EXTERNAL MEDIATION​.‍MEDIATION PROCESS WILL TAKE CLOSE TO CHRISTMAS TO BE COMPLETED, AND MAY BE LONGER​.‍FIRST STEP IS SELECTING A MEDIATOR ACCEPTABLE TO ROYAL MAIL AND CWU FROM A PANEL THAT WAS AGREED BY BOTH PARTIES UNDER AGENDA FOR GROWTH​.‍CWU COMMITTED TO AN INDUSTRIAL STABILITY FRAMEWORK WITH DEFINED PROCESSES AND STRICT TIMESCALES TO RESOLVE DISPUTES​.  Full Article

UK's CWU says union to defend Royal Mail’s legal challenge case on Oct.12‍​
Wednesday, 11 Oct 2017 

Oct 11 (Reuters) - UK'S CWU::UK'S CWU SAYS UNION "WILL BE DEFENDING" ROYAL MAIL’S LEGAL CHALLENGE CASE AT COURT ON OCT 12‍​.  Full Article

Royal Mail will lodge high court injunction application‍​
Monday, 9 Oct 2017 

Oct 9 (Reuters) - Royal Mail Plc :ROYAL MAIL WILL LODGE HIGH COURT INJUNCTION APPLICATION‍​.CO HAD REQUESTED THAT CWU WITHDRAW ITS NOTIFICATION OF INDUSTRIAL ACTION BY 12 NOON OCT 9 .CWU HAS DECLINED TO WITHDRAW ITS NOTIFICATION.A DATE FOR A HEARING WILL BE ARRANGED WITH THE HIGH COURT.  Full Article

Royal Mail writes to CWU invoking legally-binding external mediation process
Friday, 6 Oct 2017 

Oct 6 (Reuters) - Royal Mail Plc :WRITTEN TO CWU INVOKING LEGALLY-BINDING EXTERNAL MEDIATION PROCESS UNDER DISPUTE RESOLUTION PROCEDURES IN AGENDA FOR GROWTH‍​.REQUESTED CWU WITHDRAW ITS NOTIFICATION OF INDUSTRIAL ACTION AND COMMIT TO FOLLOWING THE DISPUTE RESOLUTION PROCEDURES.IF CWU DOES NOT WITHDRAW NOTICE OF STRIKE BY 12 NOON OCT. 9, WILL LODGE APPLICATION WITH HIGH COURT FOR INJUNCTION TO PREVENT INDUSTRIAL ACTION.CONTRARY TO CWU’S CLAIM IN ITS RECENT RELEASE, EXTERNAL MEDIATION AS SET OUT IN THE AGENDA FOR GROWTH AGREEMENT HAS NOT YET TAKEN PLACE.  Full Article

Royal Mail and Parcelforce unable to accept posting of Galaxy Note 7 phones due to recent concerns
Wednesday, 12 Oct 2016 

Royal Mail : Royal Mail- Due to incidents, concerns raised by Samsung about Galaxy Note 7, Royal Mail, Parcelforce are unable to accept posting of Galaxy Note 7 phones ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Royal Mail says GLS acquires Golden State Overnight for $90 mln
Tuesday, 4 Oct 2016 

Royal Mail Plc : GLS acquires Golden State Overnight . General Logistics Systems (GLS) has acquired regional next day parcel delivery company, Golden State Overnight Delivery Service Inc . Acquisition provides GLS with a focused and targeted market position in this geography . Total consideration paid for GSO is $90 million (about 70 million stg), which will be funded from existing resources . Transaction is expected to be economic profit accretive 5 for GLS in 2019-20. . GSO will be fully consolidated within GLS for reporting purposes but will be managed as a separate entity .Says Dana Hyatt, chief executive officer, who will continue to lead company, together with GSO's existing management team.  Full Article

UK's CWU says to fight Royal Mail's plan to end pension scheme
Thursday, 11 Aug 2016 

UK's Communication Workers Union (CWU): CWU rejects Royal Mail pension closure . Responding to press reports that Royal Mail plans to close defined benefit pension scheme, CWU said it will fight the plans .Members overwhelmingly rejected Royal Mail's closure plans and agreed a clear policy to safeguard the future of defined benefit scheme.  Full Article

Whitbread appoints ex-ITV CEO Crozier as chairman

Jan 4 Britain's Whitbread, owner of Costa Coffee and Premier Inn, on Thursday appointed as chairman Adam Crozier, a former chief executive of broadcaster ITV Plc and Royal Mail Plc.