Edition:
United Kingdom

Royal Mail PLC (RMG.L)

RMG.L on London Stock Exchange

252.40GBp
20 Mar 2019
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Avg. Vol
6,120,452
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632.60
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244.70

Latest Key Developments (Source: Significant Developments)

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

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

BRIEF-Schroders Discloses 5.005 Percent Stake In Royal Mail - Filing

* SCHRODERS PLC DISCLOSES 5.005 PERCENT STAKE IN ROYAL MAIL PLC - FILING Source text for Eikon: Further company coverage: