Royal Mail PLC (RMG.L)
** Britain's former postal monopoly Royal Mail Plc down 3.1% at 197.1p after HSBC downgrades stock to 'hold' from 'buy' and cuts PT to 216p
** Royal Mail shares hit record low of 198.25p, down 9.2%, taking this week's losses to 15%
* UK growth, parcels push main priority - CEO (Adds CEO, analyst comments, shares, details on parcels push)
May 22 Royal Mail Plc on Wednesday slashed its dividend by 40% and said it would invest a further 1.8 billion pounds ($2.29 billion) in its UK postal service over the next five years in hopes of turning the business around.
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.
March 22 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.
March 22 Royal Mail Plc said on Friday Deputy Chairman Keith Williams will succeed Les Owen as chairman in May.
* Hargreaves Lansdown worst FTSE 100 performer after HY results
* Shares plunge to record low (Adds details, analyst comment, shares)
Jan 29 ** Shares of Royal Mail slump as much as 18 pct to an all-time low