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United Kingdom

Royal Mail PLC (RMG.L)

RMG.L on London Stock Exchange

223.60GBp
22 Jul 2019
Change (% chg)

2.00 (+0.90%)
Prev Close
221.60
Open
221.90
Day's High
226.80
Day's Low
221.50
Volume
5,684,170
Avg. Vol
6,962,794
52-wk High
492.50
52-wk Low
192.00

Latest Key Developments (Source: Significant Developments)

Schroders Discloses 10.129% Stake In Royal Mail Vs 5.405%
Friday, 19 Jul 2019 

July 19 (Reuters) - Royal Mail PLC ::SCHRODERS DISCLOSES 10.129 PERCENT STAKE IN ROYAL MAIL AS OF JULY 18 VERSUS PRIOR STAKE OF 5.405 PERCENT - FILING.  Full Article

Royal Mail Affirms FY Targets, Q1 Performance In Line With View
Thursday, 18 Jul 2019 

July 18 (Reuters) - Royal Mail PLC ::AGM STATEMENT.PERFORMANCE IN FIRST THREE MONTHS OF 2019-20 FINANCIAL YEAR HAS BEEN IN LINE WITH OUR EXPECTATIONS.ITS OUTLOOK FOR 2019-20 FINANCIAL YEAR.TARGETS SET OUT IN FINANCIAL RESULTS FOR FULL YEAR ENDED 31 MARCH 2019, AND BASED ON ASSUMPTIONS SET OUT THEREIN, REMAIN UNCHANGED.  Full Article

Royal Mail Says Keith Williams Takes Over As Chair
Wednesday, 22 May 2019 

May 22 (Reuters) - Royal Mail PLC ::DIRECTORATE CHANGE.CONFIRMS THAT KEITH WILLIAMS HAS TODAY TAKEN OVER AS CHAIR OF COMPANY, REPLACING LES OWEN.MARIA DA CUNHA AND MICHAEL FINDLAY HAVE BEEN APPOINTED AS NON-EXECUTIVE DIRECTORS OF COMPANY.  Full Article

Royal Mail Slashes Annual Dividend By 40%
Wednesday, 22 May 2019 

May 22 (Reuters) - Royal Mail PLC ::FY PRETAX PROFIT 241 MILLION STG.FY REVENUE ROSE 2 PERCENT TO 10.4 BILLION STG.REBASING DIVIDEND AND CHANGING OUR DIVIDEND POLICY.EXPECT GROUP ADJUSTED OPERATING PROFIT AFTER TRANSFORMATION COSTS OF £300-340 MILLION FOR 2019-20.BOARD IS RECOMMENDING A FINAL DIVIDEND OF 17.0 PENCE PER SHARE, GIVING A FULL YEAR DIVIDEND OF 25.0 PENCE PER SHARE FOR 2018-19.FROM 2019-20, POLICY IS FOR A FULL YEAR DIVIDEND UNDERPIN OF 15.0 PENCE PER SHARE.ANTICIPATE COSTS AVOIDED OF £150-200 MILLION FOR 2019-20.FY UKPIL REVENUE FLAT AT £7,595 MILLION WITH GOOD PARCEL REVENUE GROWTH OFFSETTING TOTAL LETTER REVENUE DECLINE.EXPECT ADDRESSED LETTER VOLUME DECLINES OF FIVE-SEVEN PER CENT (EXCLUDING POLITICAL PARTIES' ELECTION MAILINGS) FOR 2019-20.FY UKPIL PARCEL PERFORMANCE BETTER THAN 2017-18 WITH VOLUMES UP EIGHT PER CENT AND REVENUE UP SEVEN PER CENT.EXPECT PRODUCTIVITY IMPROVEMENTS OF OVER TWO PER CENT FOR 2019-20.FY ADDRESSED LETTER VOLUME DECLINED EIGHT PER CENT, IN LINE WITH OUR REVISED EXPECTATIONS. TOTAL LETTER REVENUE DOWN SIX PER CENT.ACHIEVED £107 MILLION OF COSTS AVOIDED, COMPARED WITH REVISED TARGET OF £100 MILLION IN FY.FY GLS DELIVERED CONTINUED GOOD REVENUE GROWTH, UP EIGHT PER CENT ON VOLUME GROWTH OF FIVE PER CENT.ROYAL MAIL - DIVIDEND POLICY REFLECTS ADDITIONAL INVESTMENT TO TURNAROUND & GROW UK BUSINESS & EXPECTED LOWER CASH GENERATION IN EARLY YEARS OF PLAN.FY ADJUSTED GLS OPERATING PROFIT MARGIN OF 6.1 PER CENT, IN LINE WITH OUR EXPECTATIONS.  Full Article

Aviva Says Keith Williams Will Retire From Board
Friday, 22 Mar 2019 

March 22 (Reuters) - Aviva Plc ::DIRECTORATE CHANGE - KEITH WILLIAMS.FOLLOWING HIS APPOINTMENT AS CHAIRMAN OF ROYAL MAIL GROUP PLC WITH EFFECT FROM 22 MAY 2019, KEITH WILLIAMS WILL RETIRE FROM BOARD.GLYN BARKER, SENIOR INDEPENDENT DIRECTOR, WILL RE-ASSUME ROLE OF CHAIR OF AUDIT COMMITTEE IN INTERIM PERIOD.  Full Article

Royal Mail Says Keith Williams To Succeed Les Owen As Chairman
Friday, 22 Mar 2019 

March 22 (Reuters) - Royal Mail PLC ::ROYAL MAIL PLC - KEITH WILLIAMS TO SUCCEED LES OWEN AS CHAIRMAN OF ROYAL MAIL IN MAY 2019.ROYAL MAIL PLC - KEITH WILLIAMS TO SUCCEED LES OWEN AS CHAIRMAN OF ROYAL MAIL IN MAY 2019.ROYAL MAIL PLC - LES OWEN WILL STEP DOWN AS CHAIRMAN AND AS A DIRECTOR WITH EFFECT FROM 22 MAY 2019..ROYAL MAIL PLC - KEITH WILLIAMS WAS APPOINTED TO ROYAL MAIL PLC BOARD ON 1 JANUARY 2018.ROYAL MAIL - KEITH WORKED IN BRITISH AIRWAYS FOR 18 YEARS, INCLUDING FIVE YEARS AS CFO, THREE YEARS AS CEO AND TWO YEARS AS EXECUTIVE CHAIRMAN.ROYAL MAIL PLC - LES OWEN WILL STEP DOWN AS CHAIRMAN AND AS A DIRECTOR WITH EFFECT FROM 22 MAY 2019.  Full Article

Royal Mail Sees Adj. Operating Profit Before Transformation Costs Of £500-530M For 2018-19
Tuesday, 29 Jan 2019 

Jan 29 (Reuters) - Royal Mail PLC ::EXPECT TO DELIVER ADJUSTED GROUP OPERATING PROFIT BEFORE TRANSFORMATION COSTS OF £500-530M FOR 2018-19.RECENT TRADING PERFORMANCE WAS BROADLY IN LINE WITH OUR EXPECTATIONS.GLS CONTINUES TO SEE COST PRESSURES, WE CONFIRM THAT WE ARE TARGETING ADJUSTED OPERATING PROFIT MARGINS OF OVER 6% FOR FULL YEAR.EXPECT ADDRESSED LETTER VOLUME DECLINES, EXCLUDING ELECTIONS, TO BE IN RANGE OF 7-8% FOR 2018-19.BUSINESS UNCERTAINTY IS IMPACTING LETTER VOLUMES.ADDRESSED LETTER VOLUME DECLINES, EXCLUDING ELECTIONS, ARE LIKELY TO BE OUTSIDE OUR FORECAST MEDIUM-TERM RANGE NEXT YEAR.GROUP REVENUE UP 2% FOR NINE MONTHS ENDED 23 DECEMBER 2018.RECONFIRMING OUTLOOK AND OTHER GUIDANCE FOR 2018-19 PROVIDED IN OUR HALF YEAR RESULTS..COST AVOIDANCE PROGRAMME ON TARGET TO DELIVER £100M COSTS AVOIDED IN 2018-19.COST PRESSURES IN OUR EUROPEAN AND US MARKETS ARE CONTINUING.FOR BREXIT, PLANNING FOR ALL MAIN EVENTUALITIES AND FOR THOSE AREAS WITHIN OUR CONTROL OUR STATE OF READINESS IS ON TRACK.BELIEVE THAT IMMEDIATE RISK FROM BREXIT TO OUR DOMESTIC OPERATIONS IS LOW."NOT APPROPRIATE, AT THIS STAGE, TO SET OUT WITH ANY DEGREE OF ACCURACY IMPACT OF VARIOUS BREXIT EVENTUALITIES ON GROUP".IN DECEMBER TRADING PERIOD ALONE WE HANDLED 164M PARCELS, UP 10% COMPARED WITH LAST YEAR.  Full Article

Royal Mail Exchanges Contract For Sale Of Nine Elms Plot
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - Royal Mail PLC ::ROYAL MAIL PLC - EXCHANGE OF CONTRACT FOR SALE OF NINE ELMS PLOT.ROYAL MAIL PLC - PROPOSED DEAL FOR £22.2 MILLION IN CASH..ROYAL MAIL PLC - CONTRACTS FOR SALE ARE BETWEEN ROYAL MAIL PLC AND GALLIARD SPV.ROYAL MAIL PLC - 15 PERCENT DEPOSIT OF £3.33 MILLION HAS BEEN PAID. REMAINING £18.87 MILLION IS PAYABLE ON COMPLETION, WHICH WILL BE AT END OF JUNE 2019.  Full Article

Royal Mail CEO Rico Back Buys 50,000 Shares At 2.999 Pounds/Shr
Tuesday, 20 Nov 2018 

Nov 20 (Reuters) - Royal Mail PLC ::CEO RICO BACK BUYS 50,000 SHARES AT 2.999 POUNDS PER SHARE FOR AGGREGATE TOTAL OF 149,966 POUNDS - FILING.  Full Article

Royal Mail Buys Dicom Canada For C$360 Mln
Monday, 3 Sep 2018 

Sept 3 (Reuters) - Royal Mail PLC ::ROYAL MAIL PLC ACQUIRES DICOM CANADA.PROPOSED DEAL FOR TOTAL CONSIDERATION IS C$360 MILLION.ACQUISITION WILL BE FUNDED THROUGH EXISTING BORROWING FACILITIES.ACQUISITION IS NOT SUBJECT TO REGULATORY APPROVALS.ACQUISITION AND IS EXPECTED TO BE EARNINGS AND CASH FLOW ACCRETIVE TO ROYAL MAIL GROUP IN FINANCIAL YEAR ENDED 31 MARCH 2019.DICOM CANADA WILL CONTINUE TO BE LED BY RICK BARNES, PRESIDENT, TOGETHER WITH DICOM CANADA'S EXISTING MANAGEMENT TEAM.DICOM CANADA WILL BE FULLY CONSOLIDATED WITHIN GLS FOR REPORTING PURPOSES.  Full Article

Ex-divs to take 2.81 points off FTSE 100 on July 25

LONDON, July 22 The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, the effect of the resulting adjustment to prices by market-makers would take 2.81 points off the index. COMPANY RIC DIVIDEND STOCK OPTION IMPACT (pence) SSE Plc 68.2