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FTSE 100 dips as Royal Mail falls further

20 Jan 2017, 12:32

http://www.bbc.co.uk/news/business-38688779

London's stock market opened lower, with shares in Royal Mail continuing to lose ground.

Royal Mail shares had fallen nearly 6% on Thursday as investors reacted to news of a further decline in the number of letters being delivered.

Shares in the company fell again in early trade, down more than 3% at 409p.

That made Royal Mail the biggest faller on the FTSE 100, with the benchmark share index down 11.98 points at 7,196.46.

In the FTSE 250, shares in chemicals maker Synthomer jumped 14% after it raised its profit forecast for 2016, saying it expects to report pre-tax profits of about £120m.

On the currency markets, the pound rose 0.1% against the dollar to $1.2356 and also edged up 0.1% against the euro to 1.1579 euros.

FTSE 100 dips as Royal Mail falls further

20 Jan 2017, 16:10

TrueBlueTerrier wrote:http://www.bbc.co.uk/news/business-38688779

London's stock market opened lower, with shares in Royal Mail continuing to lose ground.

Royal Mail shares had fallen nearly 6% on Thursday as investors reacted to news of a further decline in the number of letters being delivered.

Shares in the company fell again in early trade, down more than 3% at 409p.


Given that the letter traffic has been falling year on year by about that amount and xmas cards continue to decline as more old people die each year, the figures don't actually represent anything new, certainly nothing to spook the markets to such an extent - about 40p in 2 days?
So something else must be going on?

FTSE 100 dips as Royal Mail falls further

20 Jan 2017, 16:13

strike action

FTSE 100 dips as Royal Mail falls further

19 Feb 2017, 07:48

On a investor website it said the problem with the share price dropping is falling letter volumes and concerns about the forthcoming pension issues and changes which RM want to bring in which could cause unrest with the workforce and unions.

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