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Royal Mail PLC (RMG.L)

RMG.L on London Stock Exchange

411.00GBp
23 Nov 2017
Change (% chg)

-0.40 (-0.10%)
Prev Close
411.40
Open
411.60
Day's High
412.20
Day's Low
409.30
Volume
414,536
Avg. Vol
4,823,304
52-wk High
474.00
52-wk Low
367.80

Latest Key Developments (Source: Significant Developments)

Royal Mail posts H1 pretax profit of 77 million stg
Thursday, 16 Nov 2017 02:00am EST 

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 07:42am EDT 

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 11:11am EDT 

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 11:06am EDT 

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 04:34am EDT 

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 07:30am EDT 

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 receives confirmation from CWU on plans of two-day strike
Thursday, 5 Oct 2017 12:35pm EDT 

Oct 5 (Reuters) - Royal Mail Plc ‍:‍RECEIVED CONFIRMATION FROM CWU PLANNING TWO DAYS OF INDUSTRIAL DISRUPTION AT OR AFTER 11AM ON THURSDAY 19 OCT TO BEFORE 11AM 21 OCT 2017."VERY DISAPPOINTED BY THIS ANNOUNCEMENT FROM CWU"​.‍IS COMMITTED TO FURTHER TALKS AS A MATTER OF URGENCY TO REACH AGREEMENT WITH CWU​​.‍THERE ARE NO GROUNDS FOR INDUSTRIAL ACTION; WANT TO REACH AGREEMENT​.‍WILL BE WRITING TO CWU INVOKING EXTERNAL MEDIATION PROCESS UNDER DISPUTE RESOLUTION PROCEDURES IN AGENDA FOR GROWTH​.WILL USE ALL LEGAL OPTIONS AT ITS DISPOSAL, INCLUDING APPLYING TO HIGH COURT FOR AN INJUNCTION TO PREVENT INDUSTRIAL ACTION​.‍EXTERNAL MEDIATION AS SET OUT IN AGENDA FOR GROWTH AGREEMENT HAS NOT YET TAKEN PLACE​.‍CLEAR MECHANISM FOR INSTITUTING PROCEDURES IS SET OUT IN WRITING IN AGENDA FOR GROWTH​.  Full Article

UK's CWU serves notice on Royal Mail for 48-hr strike beginning at 1100 on Oct. 19
Thursday, 5 Oct 2017 12:06pm EDT 

Oct 5 (Reuters) - UK's CWU::SERVED NOTICE ON ROYAL MAIL PLC.FOR 48 HOUR STRIKE BEGINNING AT 11:00 ON THURSDAY 19TH OCTOBER.STRIKE THIS WILL INVOLVE 111,000 POSTAL WORKERS.CWU WILL NOW LAUNCH A MAJOR CAMPAIGN TO GAIN PUBLIC AND POLITICAL SUPPORT FOR POSTAL WORKERS.  Full Article

Royal Mail comments on CWU ballot for industrial action
Tuesday, 3 Oct 2017 12:50pm EDT 

Oct 3 (Reuters) - Royal Mail Plc ::RESULT OF CWU BALLOT FOR INDUSTRIAL ACTION.‍HAS TODAY RECEIVED NOTIFICATION FROM CWU OF RESULTS OF THEIR BALLOT FOR INDUSTRIAL ACTION​.ROYAL MAIL PLC SAYS "‍ROYAL MAIL IS VERY DISAPPOINTED BY ANNOUNCEMENT THAT CWU MEMBERS HAVE VOTED IN FAVOUR OF TAKING INDUSTRIAL ACTION"​.WITH A 74 PER CENT TURNOUT - AND TAKING INTO ACCOUNT FRONTLINE EMPLOYEES WHO ARE NOT UNION MEMBERS (18,000) - 57 PERCENT HAVE BACKED A STRIKE​."‍BALLOT RESULT FOR INDUSTRIAL ACTION DOES NOT NECESSARILY MEAN THERE WILL BE INDUSTRIAL ACTION"​.‍IS COMMITTED TO FURTHER TALKS AS A MATTER OF URGENCY, TO REACH AGREEMENT WITH CWU​.ROYAL MAIL PLC SAYS ‍"INDUSTRIAL ACTION IS DAMAGING FOR OUR BUSINESS"​.‍"THERE ARE NO GROUNDS FOR INDUSTRIAL ACTION. WE WANT TO REACH AGREEMENT"​.  Full Article

UK's CWU says 89.1 pct Royal Mail CWU members vote yes for going on strike‍​
Tuesday, 3 Oct 2017 11:36am EDT 

Oct 3 (Reuters) - UK's Communication Workers Union::UK's CWU- 89.1 percent CWU members working in Royal Mail Group vote yes in national postal strike ballot‍​.  Full Article

Britain's FTSE steadies as earnings in focus, GKN tumbles

MILAN, Nov 16 The UK's top share index steadied on Thursday as a handful of earnings updates were in focus and GKN plunged on uncertainty following the ditching of its CEO designate.