Royal mail share news

Here are some recent news articles and updates about Royal Mail's share price and performance:

Recent Share Price Performance:

As of March 2023, Royal Mail's (RMG) share price is around 345p, which is a significant drop from its 52-week high of 555p in June 2022. The company's share price has been affected by various factors, including declining mail volumes, increased competition, and regulatory challenges.

Recent News and Updates:

  1. Royal Mail reports decline in mail volumes: In its latest trading update, Royal Mail reported a 10% decline in mail volumes in the first half of 2022, driven by the ongoing shift to digital communication and the impact of the COVID-19 pandemic. (Source: The Telegraph, August 2022)
  2. Royal Mail to cut 2,000 jobs: In October 2022, Royal Mail announced plans to cut around 2,000 jobs as part of a cost-saving initiative aimed at reducing its operating costs by £300 million. (Source: BBC News, October 2022)
  3. Royal Mail's parcel business grows: Despite declining mail volumes, Royal Mail's parcel business has continued to grow, with parcel volumes increasing by 12% in the first half of 2022. (Source: The Guardian, August 2022)
  4. Royal Mail's pension deficit widens: In its latest financial results, Royal Mail reported a widening pension deficit of £6.4 billion, which has put pressure on the company's finances. (Source: The Times, November 2022)
  5. Royal Mail's CEO steps down: In December 2022, Royal Mail's CEO, Rico Back, stepped down from his role, citing personal reasons. (Source: The Financial Times, December 2022)

Analyst Views:

Analysts have mixed views on Royal Mail's prospects, with some seeing potential for growth in its parcel business and others expressing concerns about the company's declining mail volumes and pension deficit.

Investment Advice:

As with any investment, it's essential to do your own research and consider your own risk tolerance and financial goals before investing in Royal Mail shares. Some investment experts recommend considering the company's long-term potential and the potential for growth in its parcel business, while others advise caution due to the company's declining mail volumes and pension deficit.

Please note that the information provided is for general informational purposes only and should not be considered as investment advice. It's always a good idea to consult with a financial advisor or conduct your own research before making any investment decisions.