Tag: Royal Mail

Royal Mail PLC Faces Amazon Competition, Shares Fall

Royal Mail PLC Faces Amazon Competition, Shares Fall

Royal Mail PLC (LON:RMG) (OTCMKTS:ROYMY) posted disappointing half-year results and warned that its parcel business is likely to be impacted by heavy competition from rivals, including Amazon.com, Inc. (NASDAQ:AMZN). The latest warning comes amidst Royal Mail posting a small decline in pre-tax […]

Hedge Fund TCI Grabs Largest Stake In Royal Mail

Hedge Fund TCI Grabs Largest Stake In Royal Mail

The London-based hedge fund TCI has been aggressively buying shares in Royal Mail PLC (LON:RMG) (OTCMKTS:ROYMF) since the entity went public last week. TCI is known for its aggressive activism and its boss, Chris Hohn, was once labeled a “locust” by […]

Royal Mail workers expected to announce national strike

Royal Mail workers expected to announce national strike

Royal Mail workers expected to announce national strike (via AFP) Royal Mail workers are expected to announce plans for industrial action on Wednesday in a bitter row over the company’s sell-off, pay and pensions. More than 100,000 members of the […]

Royal Mail Shares Surge 38 Percent On Debut

Royal Mail Shares Surge 38 Percent On Debut

The Royal Mail Plc (LON:RMG) IPO received thumbs up from investors on Friday. Shares of the British postal service operator jumped more than 38% after its debut on the London Stock Exchange. The offering values Royal Mail at about £3.3 billion […]

Royal Mail shares soar in sparkling stock market debut

Royal Mail shares soar in sparkling stock market debut

Royal Mail shares soar in sparkling stock market debut (via AFP) Shares in Britain’s Royal Mail surged by more than a third on Friday in a impressive debut on the London stock market following its controversial part-privatisation. Shares soared 36 […]

Royal Mail set to be floated

Royal Mail set to be floated

Royal Mail set to be floated (via AFP) The sale of a majority stake in Royal Mail was due to be announced on Thursday, the BBC reported, sparking an angry response from unions. The government is expected to announce its […]