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Royal Mail PLC (RMG.L)

RMG.L on London Stock Exchange

546.00GBp
23 May 2018
Change (% chg)

-7.00 (-1.27%)
Prev Close
553.00
Open
552.40
Day's High
554.80
Day's Low
544.20
Volume
5,077,756
Avg. Vol
4,967,327
52-wk High
632.60
52-wk Low
367.80

Latest Key Developments (Source: Significant Developments)

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

Royal Mail gets court injunction to stop workers strike
Thursday, 12 Oct 2017 

Oct 12 (Reuters) - Royal Mail Plc :‍HIGH COURT CONFIRMS CONTRACTUAL DISPUTE RESOLUTION PROCEDURES MUST BE FOLLOWED BEFORE INDUSTRIAL ACTION​.‍COURT'S FINAL INJUNCTION MEANS THAT ANY STRIKE ACTION BEFORE DISPUTE RESOLUTION PROCEDURES HAVE BEEN FOLLOWED WOULD BE UNLAWFUL​.‍WILL NOW MAKE CONTACT WITH CWU AS A MATTER OF URGENCY TO BEGIN PROCESS OF EXTERNAL MEDIATION​.‍MEDIATION PROCESS WILL TAKE CLOSE TO CHRISTMAS TO BE COMPLETED, AND MAY BE LONGER​.‍FIRST STEP IS SELECTING A MEDIATOR ACCEPTABLE TO ROYAL MAIL AND CWU FROM A PANEL THAT WAS AGREED BY BOTH PARTIES UNDER AGENDA FOR GROWTH​.‍CWU COMMITTED TO AN INDUSTRIAL STABILITY FRAMEWORK WITH DEFINED PROCESSES AND STRICT TIMESCALES TO RESOLVE DISPUTES​.  Full Article

UK's CWU says union to defend Royal Mail’s legal challenge case on Oct.12‍​
Wednesday, 11 Oct 2017 

Oct 11 (Reuters) - UK'S CWU::UK'S CWU SAYS UNION "WILL BE DEFENDING" ROYAL MAIL’S LEGAL CHALLENGE CASE AT COURT ON OCT 12‍​.  Full Article

Royal Mail will lodge high court injunction application‍​
Monday, 9 Oct 2017 

Oct 9 (Reuters) - Royal Mail Plc :ROYAL MAIL WILL LODGE HIGH COURT INJUNCTION APPLICATION‍​.CO HAD REQUESTED THAT CWU WITHDRAW ITS NOTIFICATION OF INDUSTRIAL ACTION BY 12 NOON OCT 9 .CWU HAS DECLINED TO WITHDRAW ITS NOTIFICATION.A DATE FOR A HEARING WILL BE ARRANGED WITH THE HIGH COURT.  Full Article

Royal Mail writes to CWU invoking legally-binding external mediation process
Friday, 6 Oct 2017 

Oct 6 (Reuters) - Royal Mail Plc :WRITTEN TO CWU INVOKING LEGALLY-BINDING EXTERNAL MEDIATION PROCESS UNDER DISPUTE RESOLUTION PROCEDURES IN AGENDA FOR GROWTH‍​.REQUESTED CWU WITHDRAW ITS NOTIFICATION OF INDUSTRIAL ACTION AND COMMIT TO FOLLOWING THE DISPUTE RESOLUTION PROCEDURES.IF CWU DOES NOT WITHDRAW NOTICE OF STRIKE BY 12 NOON OCT. 9, WILL LODGE APPLICATION WITH HIGH COURT FOR INJUNCTION TO PREVENT INDUSTRIAL ACTION.CONTRARY TO CWU’S CLAIM IN ITS RECENT RELEASE, EXTERNAL MEDIATION AS SET OUT IN THE AGENDA FOR GROWTH AGREEMENT HAS NOT YET TAKEN PLACE.  Full Article

Royal Mail and Parcelforce unable to accept posting of Galaxy Note 7 phones due to recent concerns
Wednesday, 12 Oct 2016 

Royal Mail : Royal Mail- Due to incidents, concerns raised by Samsung about Galaxy Note 7, Royal Mail, Parcelforce are unable to accept posting of Galaxy Note 7 phones ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

UPDATE 2-Royal Mail warns new EU data privacy law to weigh on letter volumes

* Revenue up 2 pct on GLS, parcel volumes (Adds CEO and analyst comment, details)