Today news
About the same in other media
Boost for shareholders as parcels help Royal Mail to £311m profit
Reading now: 329
Royal Mail is handing £400m to shareholders after its parcel delivery business benefited from the greater shift to online spending during the pandemic.
The accelerated trend to more parcels, which Royal Mail said was a permanent shift, helped it to a £311m pre-tax profit in the six months to 26 September, after barely scraping a profit last year. Its revenues rose by 7% year-on-year to £6.1bn.
The news sent shares up 5% on Thursday morning, making Royal Mail the top riser on the FTSE 100.
It marks a turnaround in fortunes for the company, after the early pandemic lockdowns depressed Royal Mail’s profits as it added new costs and hit the volumes of letters sent. However, the delivery company said it has seen a “structural shift” in parcels,
Read more on theguardian.comAbout this in other media
FDA Moving to Authorize Pfizer-BioNTech Booster for 16-, 17-Year-Olds wsj.com /2 years ago
Bitcoin Latinum Launches World's First Bitcoin Enabled NFT Platform in Partnership with Unico NFT cryptonews.com /2 years ago
London looks to regulators to help boost growth to regain financial centre crown post-Brexit with fnlondon.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
