Royal Mail began conditional trading on the London Stock Exchange this morning (11 October), with shares rising in value by over a third just an hour and a half into its listing.Share prices began trading at 330p with a market capitalisation of £3.3bn when the listing began at 8am today. At 9.30am, the share price rose 35% to 447p. The Department for Business, Innovation and Skills revealed that the offer for institutional investors was around 20 times over-subscribed, while the […]
Royal Mail’s profit warning has been met with shock by analysts who have warned that the group faces relegation from the FTSE 100 if it cannot tackle its productivity problem.
As many as 2,000 Whistl employees in the UK are facing the threat of redundancy, after the company took the decision to suspend its final mile delivery service.
Rising parcel volume almost offset the fall in Royal Mail’s letters volume, a trading statement for the nine months ended 27 December 2015 said.