Nothing new really, RM are always looking into the possibility of merging D.O.'s until they realise that most of them are already running at full capacity anyway so it wouldn't be physically possible to fit any more posties and equipment into them. There has been talk about creating ''super D.O.'s'' the same size as regional mail processing centres, one D.O. to serve an entire city and it's suburbs, but I don't think the costs would justify the savings.
Goldman Sachs boosted its target price for Royal Mail to 610p from 585p, saying it expects to seen an improvement in underlying profitability. Analysts at Goldman reiterated their 'buy' rating on the stock
was yesterday, hence the drop to-day,anybody buying the shares to-day would not be entitled to the dividend, the share normally drop by roughly the amount that`s paid out..... A number of blue chips were trading in the red after going ex-dividend, including Babcock, Burberry, Coca-Cola and Royal Mail.
Still can't really understand why an SP would drop when a divi is due... the market know exactly when it's due and how much it will be so it's not like it's come as a shock to them, if anything I'd expect the SP to rise with people buying in to get the divi?
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