Edition:
United Kingdom

Royal Mail PLC (RMG.L)

RMG.L on London Stock Exchange

308.70GBp
19 Nov 2018
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4,519,720
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632.60
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308.70

Latest Key Developments (Source: Significant Developments)

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

Royal Mail Notes Whistl's Statement On Ofcom's Infringement Decision
Tuesday, 14 Aug 2018 

Aug 14 (Reuters) - Royal Mail PLC ::NOTES WHISTL'S STATEMENT IN CONNECTION WITH OFCOM'S INFRINGEMENT DECISION UNDER THE COMPETITION ACT 1998.WILL NOW LODGE AN APPEAL WITH THE COMPETITION APPEAL TRIBUNAL WITHIN THE NEXT TWO MONTH.  Full Article

UK's Ofcom Fines Royal Mail 50 Mln Stg
Tuesday, 14 Aug 2018 

Aug 14 (Reuters) - UK's Ofcom::ROYAL MAIL FINED £50M FOR BREAKING COMPETITION LAW.FINED ROYAL MAIL £50 MILLION FOR BREACH OF COMPETITION LAW.ROYAL MAIL "ABUSED ITS DOMINANT POSITION BY DISCRIMINATING AGAINST ITS ONLY MAJOR COMPETITOR DELIVERING LETTERS".INVESTIGATION FOUND ROYAL MAIL'S ACTIONS AMOUNTED TO ANTI-COMPETITIVE DISCRIMINATION AGAINST CUSTOMERS, SUCH AS WHISTL.  Full Article

Royal Mail Shareholders Reject Directors' Remuneration Report At AGM
Thursday, 19 Jul 2018 

July 19 (Reuters) - Royal Mail PLC ::ROYAL MAIL PLC - 70.17 PERCENT SHAREHOLDERS AT AGM VOTED AGAINST DIRECTORS' REMUNERATION REPORT.ROYAL MAIL PLC - 65.59 PERCENT SHAREHOLDER AT AGM VOTED TO RE-ELECT PETER LONG.  Full Article

Royal Mail Says Some Customers Remain Uncertain About Application Of GDPR
Tuesday, 17 Jul 2018 

July 17 (Reuters) - Royal Mail Plc ::TRADING PERFORMANCE IN FIRST THREE MONTHS OF FINANCIAL YEAR WAS IN LINE WITH OUR EXPECTATIONS.QTRLY UKPIL REVENUE WAS DOWN 1 PCT.MAINTAIN OUTLOOK FOR ADDRESSED LETTER VOLUME DECLINES OF BETWEEN 4-6 PCT PER ANNUM.QTRLY PARCEL REVENUE UP 6 PCT AND TOTAL LETTER REVENUE DOWN 7 PCT.SEES ADDRESSED LETTER VOLUMES TO BE AT HIGHER END OF RANGE OF DECLINE FOR 2018-19, MAY FALL OUTSIDE RANGE PERIOD DUE TO GDPR, UNCERTAINITY.QTRLY GROUP REVENUE UP 2 PERCENT.IN GLS, EXPECT GOOD PERFORMANCE IN 2018-19; MARGINS MAY BE IMPACTED BY CONTINUING LABOUR MARKET PRESSURES IN MANY OF ITS MARKETS.OUTLOOK AND OTHER GUIDANCE ARE ALSO UNCHANGED FROM THAT SET OUT IN OUR FINANCIAL REPORT FOR FULL YEAR ENDED 25 MARCH 2018.ROYAL MAIL PLC SAYS "SOME CUSTOMERS REMAIN UNCERTAIN ABOUT THE APPLICATION OF GDPR WHICH CAME INTO EFFECT ON 25 MAY 2018".ROYAL MAIL PLC, ON GDPR, SAYS "WE ARE MONITORING ANY POTENTIAL IMPACT CLOSELY".  Full Article

Royal Mail Says Paul Murray Will Step Down As A Non-Executive Director
Monday, 21 May 2018 

May 21 (Reuters) - Royal Mail PLC ::PAUL MURRAY WILL STEP DOWN AS A NON-EXECUTIVE DIRECTOR.PAUL WILL BE SUCCEEDED BY KEITH WILLIAMS AS CHAIR OF AUDIT AND RISK COMMITTEE.  Full Article

Royal Mail says parcel volumes in 9 months were up 6 pct
Thursday, 18 Jan 2018 

Jan 18 (Reuters) - Royal Mail Plc ::‍PARCEL VOLUMES IN NINE MONTHS WERE UP 6%, WITH 149 MILLION PARCELS HANDLED OVER DECEMBER TRADING PERIOD​.EXPECT TO SEE BROADLY SIMILAR VOLUME AND REVENUE TRENDS IN UK PARCELS AND LETTERS FOR FULL YEAR AS IN NINE MONTHS​.‍IN GLS, EXPECT UNDERLYING REVENUE GROWTH FOR FULL YEAR TO BE BROADLY IN LINE WITH FIRST HALF​.GROUP REVENUE WAS UP 2% FOR NINE MONTHS​.CONTINUED TO MAKE PROGRESS IN TALKS WITH UNIONS ON PAY, PENSIONS AND OTHER ISSUES UNDER DISCUSSION​.‍CONTINUE TO EXPECT THAT TOTAL NET CASH INVESTMENT WILL BE AROUND 450 MILLION POUNDS FOR FULL YEAR​.BELIEVE CO CAN REACH AGREEMENT ON AFFORDABLE AND SUSTAINABLE PENSION SOLUTION AND PAY DEAL.‍LETTERS PERFORMANCE WAS BETTER THAN EXPECTED WITH ADDRESSED LETTER VOLUMES DOWN 5% FOR 9 MONTHS ENDED DEC 24​.GIVEN PERFORMANCE TO DATE, EXPECT ADDRESSED LETTER VOLUMES TO BE IN MIDDLE OF RANGE OF 4-6% DECLINE FOR FULL YEAR​.COST AVOIDANCE PROGRAMME IS ON TRACK TO DELIVER AROUND £190M OF UKPIL OPERATING COSTS AVOIDED IN 2017-18​.‍WE NOW EXPECT TRANSFORMATION COSTS TO BE AROUND £130M FOR FULL YEAR​.OUTLOOK AND OTHER GUIDANCE ARE UNCHANGED FROM THAT SET OUT IN FINANCIAL RESULTS FOR HALF YEAR ENDED 24 SEPTEMBER 2017​.OVERALL ‍GROUP REVENUE WAS UP 2%​ FOR 9 MONTHS ENDED DEC 24.  Full Article

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

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UK business backs May's Brexit deal but plans for the worst

LONDON/PARIS UK business lined up to help Prime Minister Theresa May sell her draft Brexit agreement but continued to plan for Britain to crash out of the European Union without a deal as May fought for her political survival on Friday. | Video