Royal Mail Shares News & Articles

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 ...

Pensions breakthrough keeps Royal Mail’s longest share price rally in two years running

Achieving a pensions breakthrough has helped Royal Mail (RMG) continue its positive momentum with its strongest and longest rally in two years. Investors are relieved that Royal Mail’s pension and pay troubles are over for now, effectively averting industrial action as the shares accelerated 9% to 511.8p. WHAT HAS ROYAL MAIL AGREED TO? The parcels delivery service says its defined ...

Market report: Record Primark sales keep AB Foods growing, Costa sales slow, GKN fights back

Record sales at discount fashion chain Primark will bolster a firm full year of profits at patent Associated British Foods (ABF). The FTSE 100 company, controlled by the Weston family, maintains its full year earnings guidance in a trading update issued on Thursday. The update shows quarterly revenue growth across all of its businesses apart from sugar. Sales at Primark rose 7% in the three ...
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