UK Mail delivers profit warning as higher City Link volumes drive up costs
9th Apr 2015 09:43
UK Mail warned profits for the full year would be at the lower end of expectations due to above-average costs from taking on business from collapsed rival City Link. The postal delivery group also saw revenues fall at its courier division in the quarter, as a repositioning caused some customers to d
Read moreSunday share tips: Mitie, UK Mail, Vodafone
18th Jan 2015 18:44
Mitie's shares have fallen but not as fast as those of outsourcing rivals such as Serco and Balfour Beatty, Danny Fortson pointed out in the Sunday Times. Matthew Earl, a former City analyst who writes a blog, criticised Mitie for buying companies to compensate for its own slow progress and for the
Read moreUK Mail results helped by City Link collapse
13th Jan 2015 14:11
Parcel and letter delivery group UK Mail said trading at its core businesses was in line with expectations during the third quarter of the year helped by the demise of its rival City Link. The postal service company enjoyed record volumes at its parcels business during the peak weeks running up to C
Read moreUK Mail CEO bags a bargain after posting dividend growth
19th Nov 2014 15:48
With share in his company down 44% from this year's earlier all-time high of 715p, UK Mail chief executive Guy Buswell has bagged a sackful of shares the day after the company hiked its dividend. Buswell bought 18,310 shares at a price of 405p, shelling out £74,156 in total a day after announcing fl
Read moreUK Mail posts flat H1 profits but says peak trading ahead
18th Nov 2014 10:41
Parcel courier UK Mail posted flat first-half profits after a tough second quarter, but hiked its dividend and said the busy Christmas period was yet to come. UK Mail, which competes with newly privatised Royal Mail as well as the likes of TNT Post and DHL, said operating profit before one-off items
Read moreBroker tips: Reckitt Benckiser, UK Mail, Mitchells&Butlers
25th Sep 2014 13:37
teerngasThe risk-reward trade-off inherent in holding shares of consumer goods giant Reckitt Benckiser is tilted to the upside, in the opinion of analysts at Morgan Stanley, given the company's strategic optionality. More specifically, the firm is targeting a shift in its portfolio towards higher gr
Read moreInvestec downgrades UK Mail
25th Sep 2014 12:31
Broker Investec has downgraded UK Mail after the parcel courier said the usual autumn pick-up in parcel traffic had failed to materialise. The broker has moved UK Mail to 'add' from 'buy' after the company said first-half revenue would be lower than last year due to worse-than-expected second qua
Read moreThursday broker round-up UPDATE
25th Sep 2014 08:48
Amec: UBS raises target price from 1100p to 1215p upgrading from neutral to buy. Aquarius Platinum: Citi lowers target price from 26p to 22p maintaining a neutral rating. Arrow Global: Panmure Gordon ups target price from 335p to 360p and keeps a buy recommendation. Barr (AG): Numis ups target pri
Read moreUK Mail Finance and Operations Directors build stakes
9th Jun 2014 15:46
The Group Finance Director and Group Operations Director of UK Mail have both upped their company holdings with the purchase of 4,000 shares each. Both Steven Glew and Carl Moore spent 627p a share, giving each of the deals a trade value of £25,080. The transactions come just a few weeks after t
Read moreUK Mail Chief celebrates results with share purchase
23rd May 2014 16:01
The Chief Executive Officer of UK Mail this week celebrated a strong set of results by the mail and parcel courier with the purchase of 75,000 pounds-worth of shares. Guy Buswell bought 12,195 shares at 615p each, taking his stake in the group to 267,807. UK Mail's parcel business, which makes u
Read moreBroker tips: Intermediate Capital, UK Mail, Morrisons
21st May 2014 14:06
Profits, but at what cost? That's the question posed by analysts James Hamilton and David McCann at Numis to investors in shares of Intermediate Capital Group. The provider of mezzanine capital on Wednesday revealed a 25% decline in its loan book and a 13% fall in the profitability of its asset man
Read moreInvestec raises profit forecast on UK Mail
21st May 2014 11:29
Investec has raised its forecasts on UK Mail after the expanding parcel carrier said higher package and mail revenues helped it to lift annual profits and dividends. The broker increased its pre-tax profit prediction for 2014/15 by 3% to £24m and its earnings per share forecast to 34.6p from 33.5p.
Read moreOnline shoppers boost UK Mail
21st May 2014 08:19
People shopping online helped mail and parcel courier UK Mail to deliver higher annual profits and dividends. UK Mail's parcel business, which makes up 43% of its revenue, lifted revenue by 16.2% to £219.9m and operating profit by 37.2% to £22.4m as home deliveries related to online shopping partly
Read moreUK Mail sees 'transitional year' in 2014/15
9th Apr 2014 07:30
UK Mail forecast higher annual revenues, but warned that 2014 was likely to be a transitional year for the parcel and mail carrier. UK Mail expects quarterly group revenue to rise about 6%, which should fuel a 7% increase in total reported annual revenue. Total underlying revenue should rise about
Read moreUK shale gas firm IGas climbs as CEO indicates confidence
16th Jan 2014 16:19
IGas Energy, a British onshore oil and gas explorer and developer, was one of the top risers on AIM on Thursday as Chief Executive Andrew Austin dipped into the market. Austin shelled out £0.4m on 300,000 shares at 135.38p, even though the shares are trading around all-time highs. The purchase in
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