Edition:
United Kingdom

Royal Mail PLC (RMG.L)

RMG.L on London Stock Exchange

210.60GBp
24 May 2019
Change (% chg)

12.70 (+6.42%)
Prev Close
197.90
Open
209.20
Day's High
213.40
Day's Low
202.50
Volume
13,080,207
Avg. Vol
5,523,635
52-wk High
550.80
52-wk Low
192.00

Latest Key Developments (Source: Significant Developments)

Royal Mail Comments On CWU Strike Due At Wytheshawe, Bangor Office
Thursday, 21 Feb 2019 

Feb 21 (Reuters) - Royal Mail PLC ::"DISAPPOINTED" AT CWU'S 2-DAY INDUSTRIAL ACTION DUE TO TAKE PLACE AT WYTHESHAWE, BANGOR OFFICES; SAYS HAS CONTINGENCY MEASURES IN PLACE.  Full Article

Schroders Discloses 5.005 Percent Stake In Royal Mail - Filing
Tuesday, 12 Feb 2019 

Feb 12 (Reuters) - Royal Mail PLC ::SCHRODERS PLC DISCLOSES 5.005 PERCENT STAKE IN ROYAL MAIL PLC - FILING.  Full Article

Cushman & Wakefield Reappointed To Manage Royal Mail's Property Portfolio
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - Cushman & Wakefield PLC ::CUSHMAN & WAKEFIELD PLC - CUSHMAN & WAKEFIELD REAPPOINTED TO MANAGE ROYAL MAIL GROUP'S PROPERTY PORTFOLIO.CUSHMAN & WAKEFIELD PLC - FIRM HAS SECURED A NEW FIVE-YEAR CONTRACT WITH ROYAL MAIL GROUP.CUSHMAN & WAKEFIELD PLC - WILL MANAGE ROYAL MAIL'S UK ESTATE WHICH COMPRISES ALMOST 32.3 MILLION SF ACROSS OVER 1,800 SITES.  Full Article

Royal Mail Says UK parcels Business Performing Well
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - Royal Mail PLC ::H1 PRETAX PROFIT 33 MILLION STG.RECONFIRMING COMMITMENT TO REVISED £100 MILLION COST AVOIDANCE TARGET.RECONFIRMING COMMITMENT TO ADJUSTED GROUP OPERATING PROFIT BEFORE TRANSFORMATION COSTS OF £500 MILLION - £550 MILLION FOR FINANCIAL YEAR.HY REVENUE 4,932 MILLION POUNDS VERSUS 4,829 MILLION POUNDS REPORTED LAST YEAR.HY PRETAX PROFIT 33 MILLION POUNDS VERSUS 77 MILLION POUNDS REPORTED LAST YEAR.HY ADJUSTED PRETAX PROFIT 183 MILLION POUNDS VERSUS 250 MILLION POUNDS REPORTED LAST YEAR.HY UKPIL REVENUE DOWN ONE PER CENT ON AN UNDERLYING BASIS..UK PARCELS BUSINESS PERFORMING WELL.HY UK PARCEL REVENUE AND VOLUMES UP SIX PER CENT.HY ROYAL MAIL DOMESTIC ACCOUNT PARCEL VOLUMES, EXCLUDING AMAZON, UP EIGHT PER CENT.DISAPPOINTING UK PRODUCTIVITY PERFORMANCE, SIGNIFICANTLY BELOW PLAN AT -0.2 PER CENT IN HY.HY GLS REVENUE UP NINE PER CENT ON AN UNDERLYING BASIS..HY GLS VOLUMES UP SIX PER CENT, EXCLUDING RECENT ACQUISITIONS.OUTLOOK AND OTHER GUIDANCE FOR 2018-19 UNCHANGED.SEES 2018-2019 UKPIL PARCEL VOLUMES AND REVENUE GROWTH RATES TO BE BETTER THAN IN 2017-18.SEES 2018-2019 ADDRESSED LETTER VOLUME DECLINE SIMILAR TO DECLINE IN FIRST HALF.INTERIM DIVIDEND OF 8.0 PENCE HAS BEEN SET AS ONE THIRD OF PRIOR YEAR'S TOTAL DIVIDEND.SEES 2018-19 TRANSFORMATION COSTS OF AROUND £150 MILLION DUE TO SHORT-TERM COST ACTIONS.  Full Article

Keith Williams Appointed Royal Mail Deputy Chairman
Wednesday, 7 Nov 2018 

Nov 7 (Reuters) - Royal Mail PLC ::ROYAL MAIL PLC - DIRECTORATE CHANGE.SAYS KEITH WILLIAMS, CHAIR OF AUDIT & RISK COMMITTEE, IS ALSO BEING APPOINTED DEPUTY CHAIRMAN WITH IMMEDIATE EFFECT.SAYS IS ALSO REVISING ITS EXECUTIVE STRUCTURE, WITH CHANGES IN ORGANISATIONAL STRUCTURE OF POST AND PARCELS UK.SAYS SUE WHALLEY, CEO, POST AND PARCELS UK, AND BOARD HAVE AGREED THAT SHE WILL LEAVE ROYAL MAIL.ROYAL MAIL PLC - WILL STEP DOWN FROM BOARD WITH IMMEDIATE EFFECT AND TRANSITION HER RESPONSIBILITIES BY END OF MARCH 2019.ROYAL MAIL PLC - RICO BACK, GROUP CEO, WILL ASSUME COMMERCIAL RESPONSIBILITIES FOR POST AND PARCELS - DOMESTIC LETTERS AND PARCELS.ROYAL MAIL PLC - KEITH WILLIAMS IS IN PROCESS OF REVIEWING EXTERNAL COMMITMENTS, ANY CHANGES TO BE ANNOUNCED AS REQUIRED.  Full Article

Royal Mail Lowers 2018-19 Cost Avoidance Target To 100 Mln STG From 230 Mln STG
Monday, 1 Oct 2018 

Oct 1 (Reuters) - Royal Mail PLC ::ROYAL MAIL PLC - TRADING STATEMENT.ROYAL MAIL PLC - REVENUE AND VOLUME GROWTH FOR 2018-19 NOW EXPECTED TO BE BETTER THAN 2017-18..ROYAL MAIL PLC - TRADING CONDITIONS IN UK ARE CHALLENGING.ROYAL MAIL PLC - UK PARCEL REVENUE AND VOLUME UP SIX PER CENT IN H1 2018-19.ROYAL MAIL PLC - GLS REVENUE UP AN ESTIMATED NINE PER CENT IN H1 2018-19.ROYAL MAIL PLC - NOW EXPECT GROUP ADJUSTED OPERATING PROFIT BEFORE TRANSFORMATION COSTS TO BE IN RANGE OF £500 MILLION TO £550 MILLION ON A 52 WEEK BASIS.ROYAL MAIL PLC - EXPECT FULL YEAR PERFORMANCE TO BE SIGNIFICANTLY BELOW TARGET (UPPER END OF TWO TO THREE PER CENT RANGE)..ROYAL MAIL PLC - LABOUR MARKET AND OTHER COST PRESSURES ARE IMPACTING MARGINS MORE THAN ANTICIPATED.ROYAL MAIL PLC - "LETTER VOLUMES, ESPECIALLY MARKETING MAIL, ARE IMPACTED BY ONGOING STRUCTURAL DECLINE, BUSINESS UNCERTAINTY AND GDPR".ROYAL MAIL PLC - NOW EXPECT ADDRESSED LETTER VOLUME DECLINES OUTSIDE FORECAST RANGE THIS YEAR; MAINTAINING MEDIUM-TERM GUIDANCE.ROYAL MAIL PLC - UK PRODUCTIVITY AND COST PERFORMANCE HAS BEEN DISAPPOINTING.ROYAL MAIL PLC - LOWERING TARGETS FOR COST AVOIDANCE AND PRODUCTIVITY IMPROVEMENTS FOR 2018-19.ROYAL MAIL PLC - EXPECT THAT PRODUCTIVITY FOR 2018-19 WILL BE SIGNIFICANTLY BELOW TARGET, WHICH WAS AT UPPER END OF TWO TO THREE PER CENT RANGE.ROYAL MAIL PLC - IMPLEMENTING A RANGE OF SHORT-TERM COST ACTIONS FOR PAY, PENSIONS AND PIPELINE AGREEMENT.  Full Article

Royal Mail Says Les Owen To Succeed Peter Long As Chairman
Wednesday, 19 Sep 2018 

Sept 19 (Reuters) - Royal Mail PLC ::DIRECTORATE CHANGE.PETER LONG STEPS DOWN AS CHAIRMAN OF ROYAL MAIL AND IS SUCCEEDED BY LES OWEN.PETER LONG HAS INFORMED COMPANY OF HIS DECISION TO STEP DOWN FROM BOARD AND THIS WILL TAKE PLACE WITH IMMEDIATE EFFECT.BOARD HAS APPOINTED LES OWEN, A HIGHLY EXPERIENCED ROYAL MAIL BOARD MEMBER, AS CHAIRMAN WITH IMMEDIATE EFFECT.NO LONGER POSSIBLE FOR OWEN TO REMAIN EXECUTIVE CHAIRMAN OF COUNTRYWIDE AND NON-EXECUTIVE CHAIRMAN OF ROYAL MAIL.  Full Article

UK's Ofcom To Investigate Royal Mail After Co Misses Service Targets
Friday, 1 Jun 2018 

June 1 (Reuters) - UK's OFCOM::OWN-INITIATIVE INVESTIGATION INTO ROYAL MAIL GROUP LIMITED CONCERNING COMPLIANCE WITH DESIGNATED USP CONDITION.ON 11 MAY 2018 ROYAL MAIL ANNOUNCED THAT IT HAD NOT MET SOME OF THESE QUALITY OF SERVICE TARGETS IN 2017/18.DECIDED TO OPEN INVESTIGATION TO DETERMINE WHETHER CO FAILED TO COMPLY OBLIGATIONS UNDER DUSP CONDITION IN RESPECT OF 2017/18.  Full Article

Royal Mail annual revenue grows
Thursday, 17 May 2018 

May 17 (Reuters) - Royal Mail PLC ::FY REVENUE 10,172 MILLION STG VERSUS 9,776 MILLION STG.FY PROFIT BEFORE TAX 212 MILLION STG VERSUS 335 MILLION STG.ON A REPORTED BASIS, FY OPERATING PROFIT BEFORE TRANSFORMATION COSTS WAS £236 MILLION.FY ADJUSTED OPERATING PROFIT BEFORE TRANSFORMATION COSTS WAS £694 MILLION, UP ONE PER CENT ON AN UNDERLYING BASIS.FY TOTAL NET CASH INVESTMENT WAS £445 MILLION, DOWN FROM £492 MILLION IN 2016-17.BOARD IS RECOMMENDING A FINAL DIVIDEND OF 16.3 PENCE PER ORDINARY SHARE,, UP FOUR PER CENT.2018-19 UKPIL PARCEL VOLUME AND REVENUE GROWTH RATES ANTICIPATED TO BE AT LEAST SAME AS 2017-18.TARGETING TO AVOID AROUND £230 MILLION OF UKPIL COSTS IN 2018-19.MAINTAIN OUTLOOK FOR ADDRESSED LETTER VOLUME DECLINES OF 4 TO 6 PER CENT PER ANNUM (EXCLUDING ELECTION MAILINGS) OVER MEDIUM‑TERM.TRANSFORMATION COSTS EXPECTED TO BE AT UPPER END OF FORECAST £130-150 MILLION RANGE IN 2018-19.EXPECT CONTINUED GOOD PERFORMANCE IN GLS; MARGINS MAY BE IMPACTED BY CONTINUING LABOUR MARKET PRESSURES.REMAIN COMMITTED TO PROGRESSIVE DIVIDEND POLICY GOING FORWARDS.TOTAL NET CASH INVESTMENT EXPECTED TO BE AROUND £500 MILLION IN 2018-19.  Full Article

Royal Mail Says Moya Greene To Retire In September
Friday, 20 Apr 2018 

April 20 (Reuters) - Royal Mail PLC ::MOYA GREENE TO RETIRE FROM ROYAL MAIL GROUP IN SEPTEMBER 2018.RICO BACK WILL ASSUME ROLE OF GROUP CEO OF COMPANY AND JOIN BOARD ON 1 JUNE 2018.RICO BACK WILL ASSUME ROLE OF GROUP CEO OF COMPANY AND JOIN BOARD ON 1 JUNE 2018, FOLLOWING ANNOUNCEMENT OF 2017-18 RESULTS.RICO BACK WILL ASSUME ROLE OF GROUP CEO OF COMPANY AND JOIN BOARD ON 1 JUNE 2018.  Full Article

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UK stocks shrug off May's exit, but Brexit risk lurks

Britain's FTSE 100 held its gains on Friday after Prime Minister Theresa May announced her resignation date as head of her party in a widely expected move that nevertheless raises the prospect of a successor likely to seek a more hardline Brexit deal.