Royal Mail Shares News & Articles

Market report: Esure sold for £1.2bn, Royal Mail facing hefty fine and copper output squeezed

UK insurer Esure (ESUR), the firm behind the Sheila’s Wheels brand, has agreed to be bought out by Bain Capital Private Equity in a £1.21bn deal. This is confirmation after news of talks broke late morning on Monday, sending the stock soaring more than 30%. That caps interest in financial figures, also out on Tuesday, which show a hefty fall in pre-tax profit for the six months to 30 ...

Falling letter volumes fail to deter investors at Royal Mail amid strong growth in parcels and overseas

Shares in UK parcels delivery service Royal Mail (RMG) advance 3.4% to 496.7p despite letter revenues falling 6% in the quarter to 24 June and a warning trading could deteriorate further. It appears investors are focusing on robust trading in UK parcels and the overseas division General Logistics Systems (GLS). Royal Mail expects a 4% to 6% decline in addressed letter volumes, but believes ...

Market report: TalkTalk tops FTSE All Share on subscriber growth, Royal Mail still facing letters pressure

Broadband and calls supplier TalkTalk (TALK) is firmly backed by investors in early trade on Tuesday, the stock rallying around 6% to 116.7p, after the company lays out a promising trading update. The embattled company has been gripped by an intense price war with big rivals like BT (BT.A), Sky (SKY) and Virgin and has faced other issues, but news today that it has added 80,000 ...

Why investors will be hoping transport stocks pick up steam in the second half of 2018

The details are far from clear, but it does seem as if America and China may be stepping back from the brink of a trade war and mutual exchange of tariffs from which only losers, not winners were likely to emerge, whatever President Trump may argue. So far the only detail to emerge is China’s move to cut tariffs on imported US cars. It is to be hoped that this olive branch leads to a more ...

Market report: Reckitt Benckiser down and Shire in more takeover disappointment

The FTSE 100 is up 23 points to 7,362.93 as tech heavy indices in the US and Asia weakened amid news of falling demand for smart phones. Cillit Bang maker Reckitt Benckiser (RB.) falls 4.8% to £55.28 after missing its first quarter growth estimates. To March 31, the company says that its Hygiene Home division which accounts for 38% of revenue was impacted by a difficult competitive market and ...

Market report: Rolls-Royce flogs technology unit as streamlining continues in otherwise quiet start to trading week

Aero-engine maker Rolls-Royce (RR.) is selling its fuel injection technology firm L'Orange to America's Woodward in a £610m deal, the company confirms on Monday. The sale is expected to be complete by the end of this year's second quarter and continues the ongoing streamlining of the business under chief executive officer (CEO) Warren East, who used to run UK chip design champion ARM ...
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