Edition:
India

Royal Mail PLC (RMG.L)

RMG.L on London Stock Exchange

259.00GBp
18 Apr 2019
Change (% chg)

-1.80 (-0.69%)
Prev Close
260.80
Open
259.70
Day's High
261.70
Day's Low
256.00
Volume
2,711,257
Avg. Vol
5,465,090
52-wk High
632.60
52-wk Low
232.40

Latest Key Developments (Source: Significant Developments)

Aviva Says Keith Williams Will Retire From Board
Friday, 22 Mar 2019 

March 22 (Reuters) - Aviva Plc ::DIRECTORATE CHANGE - KEITH WILLIAMS.FOLLOWING HIS APPOINTMENT AS CHAIRMAN OF ROYAL MAIL GROUP PLC WITH EFFECT FROM 22 MAY 2019, KEITH WILLIAMS WILL RETIRE FROM BOARD.GLYN BARKER, SENIOR INDEPENDENT DIRECTOR, WILL RE-ASSUME ROLE OF CHAIR OF AUDIT COMMITTEE IN INTERIM PERIOD.  Full Article

Royal Mail Says Keith Williams To Succeed Les Owen As Chairman
Friday, 22 Mar 2019 

March 22 (Reuters) - Royal Mail PLC ::ROYAL MAIL PLC - KEITH WILLIAMS TO SUCCEED LES OWEN AS CHAIRMAN OF ROYAL MAIL IN MAY 2019.ROYAL MAIL PLC - KEITH WILLIAMS TO SUCCEED LES OWEN AS CHAIRMAN OF ROYAL MAIL IN MAY 2019.ROYAL MAIL PLC - LES OWEN WILL STEP DOWN AS CHAIRMAN AND AS A DIRECTOR WITH EFFECT FROM 22 MAY 2019..ROYAL MAIL PLC - KEITH WILLIAMS WAS APPOINTED TO ROYAL MAIL PLC BOARD ON 1 JANUARY 2018.ROYAL MAIL - KEITH WORKED IN BRITISH AIRWAYS FOR 18 YEARS, INCLUDING FIVE YEARS AS CFO, THREE YEARS AS CEO AND TWO YEARS AS EXECUTIVE CHAIRMAN.ROYAL MAIL PLC - LES OWEN WILL STEP DOWN AS CHAIRMAN AND AS A DIRECTOR WITH EFFECT FROM 22 MAY 2019.  Full Article

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's Keith Williams to become chairman

Royal Mail Plc said Deputy Chairman Keith Williams will replace Les Owen as chairman, becoming the third person to hold the role in the past year.