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Prices & Quotes - UK Markets - Royal Mail (RMG)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 515.00p
Change Today:
6.00p
Market Cap:
5,150m
Sector:
Industrial Transportation

Royal Mail ups guidance on stronger letter volumes

By Sean Farrell

Date: Wednesday 10 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Royal Mail increased its guidance for annual profit after letter volumes were higher than expected.
The FTSE 250 group said it expected full-year adjusted operating profit of about 700m. It had previously said profit would be well over 500m. Revenue is likely to be about 900m higher than in the year before.

Royal Mail said advertising, business and stamped mail had performed better than expected in recent weeks. Parcel growth in the UK stayed strong but was in line with expectations.

"Recent letter volume and revenue trends in Royal Mail have been more robust than anticipated," the company said.

The company also said restructuring costs would be 50m lower than expected with the total bill now set to be about 90m. About 15m of the targeted 130m of savings was achieved in the current year, which ends in March.

Royal Mail shares rose 0.8% to 477.10p at 11:40 GMT.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Royal Mail Market Data

Currency UK Pounds
Price 515.00p
Change Today 6.00p
52 Week High 528.00p
52 Week Low 157.50p
Volume 2,286,718
Shares Issued 1,000.00m
Market Cap 5,150m
Beta 0.01

Performance Indicators

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What The Brokers Say

Strong Buy 9
Buy 0
Neutral 6
Sell 0
Strong Sell 0
Total 15
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Royal Mail Dividends

  Latest Previous
  Final Interim
Ex-Div 29-Jul-21 05-Dec-19
Paid 06-Sep-21 15-Jan-20
Amount 10.00p 7.50p

Trades for 07-May-2021

Time Volume / Share Price
16:35 877,679 @ 515.00p
16:29 2 @ 515.20p
16:29 52 @ 515.00p
16:29 64 @ 515.00p
16:29 89 @ 515.00p

Royal Mail Key Personnel

CEO Simon Thompson