UK Mail surges on Deutsche Post deal
28th Sep 2016 07:46
(ShareCast News) - Shares in UK Mail Group surged on Wednesday after Deutsche Post agreed to buy the integrated mail and parcel operator for 440p per share, valuing the company at £242.7m. The offer represents a premium of 43.1% over the closing price of UK Mail on Tuesday. Deutsche said the deal w
Read moreUK Mail makes a "solid" start to the year
14th Jul 2016 09:10
(ShareCast News) - Postal service company UK Mail said it had made a "solid" start to the financial year and its performance for the first quarter was was in line with previous expectations. In a trading statement from 1 April to 30 June, the company said it remains in a "sound financial posit
Read moreRoyal Mail gets mixed bag from Ofcom postal regulation report
25th May 2016 07:38
(ShareCast News) - Concluding its review of the regulation of Royal Mail, the postal regulator has decided not to impose any new price controls on the company's wholesale or retail products but it kept the cap on stamp prices and proposed tightening some rules in the 'access' market. Furthermore, Of
Read moreThursday preview: Royal Mail reports full year amid struggles at parcels unit
18th May 2016 12:23
(ShareCast News) - Royal Mail's full year results will take centre stage on Thursday as the UK postal delivery company's parcel delivery services struggles against fierce competition. The parcels division has suffered due to competitive pressures from sector peers such as UK Mail, FedEx and UPS. Ama
Read moreUK Mail to deliver on profit targets despite revenue miss
6th Apr 2016 07:47
(ShareCast News) - After an eventful year, UK Mail Group said it would report lower revenues than expected but that profits would hit target. A trading statement for the year to 31 March revealed revenues are likely to be down 1% on the previous 12 months, short of house broker Investec's forecast o
Read moreUK Mail sends confident message about parcel hub
12th Jan 2016 16:23
(ShareCast News) - Having axed its chief executive in November, UK Mail Group delivered a third-quarter result to help it return to investor's good books, showing 8% parcel volume growth as its new automated plant coped with the Black Friday and Christmas surges in demand from online shoppers. Share
Read moreUK Mail Group's operation director steps down
8th Oct 2015 09:55
(ShareCast News) - UK Mail Group's operations director Carl Moore has stepped down from his role, the delivery company said on Thursday. Moore, who will vacate the role with immediate effect, said his decision was motivated by a desire to pursue other interests. Meanwhile, the London-listed group s
Read moreBroker tips: Wood Group, UK Mail Group
6th Oct 2015 17:45
(ShareCast News) - Barclays upgraded Wood Group to 'overweight' from 'equalweight', keeping its price target at 830p. "We feel that Wood Group offers investors a combination of both stability and oil price exposure," the broker said, adding "If we do see an uptick in oil prices, then we feel that Wo
Read moreRBC downgrades UK Mail, highlights execution risk
10th Aug 2015 13:45
(ShareCast News) - RBC Capital downgraded its forecast for UK Mail to 'sector perform' from 'outperform', and lowered its price target to 460p from 540p. Analyst Andy Jones said the company's recent profit warning suggested the postal service's transition to an automated model was executed too hasti
Read moreLondon close: UK equities close week lower after non-farms, BoE's 'Super Thursday'
7th Aug 2015 16:13
(ShareCast News) - A worse-than-expected US non-farm payrolls report and the Bank of England's downward revision to inflation estimates dragged UK equities lower at close of trading on Friday. The US added 215,000 jobs in July, falling short of forecasts of 225,000, according to the Labor Department
Read moreBroker tips: William Hill, UK Mail, Rio Tinto
7th Aug 2015 13:48
(ShareCast News) - Nomura on Friday reiterated its 'buy' rating on William Hill, citing the company's "strong, differentiated online presence". The gambling group reported a 35% fall in pre-tax profit to £78.7m and flat net revenue for the six months to 1 July as it battled through a period of major
Read moreUK Mail receives Investec downgrade after profit warning
7th Aug 2015 12:22
(ShareCast News) - Investec has downgraded UK Mail Group to 'add' from 'buy' after the postal services company issued a profit warning. UK Mail said it expects its full-year will be materially below current market forecasts, with profit before tax now predicted to be in the range of £10m to £1
Read moreLondon midday: Shares fall on Super Thursday aftermath as traders await nonfarms
7th Aug 2015 11:24
(ShareCast News) - UK shares dropped in the aftermath of the Bank of England's 'Super Thursday' and before the release of the US non-farm payrolls report. BoE Governor Mark Carney on Thursday said the timing of a first interest rate hike was drawing closer but the exact time could not be predicted a
Read moreUK Mail delivers profit warning as new sorting machines struggle with parcels
7th Aug 2015 08:47
(ShareCast News) - UK Mail has posted a profit warning despite an increase in letters and parcel volumes, as this resulted in an increased level of customer churn. Profits for the full year are now expected to be "materially below current market expectations", with profit before tax now expected to
Read moreThursday broker round-up
21st May 2015 13:01
Barclays: JP Morgan Cazenove reiterates overweight and 285p target. StanChart: Goldman sachs reiterates neutral. St.James Place: Numis reiterates add and 1050p target. Hargreaves Lansdown: JP Morgan Cazenove reiterates neutral and raises target to 1,100p from 1,050p. UK Mail Group: RBC Capital re
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