Big increase in SP this morning. On Shareradio this morning the city analyst interviewed said that a take over here is 'definite' within 2 years. There are just too many industry players in Europe and consolidation will be vital for survival.
I think the market is excited by the ecourier purchase. Parcel revenue growth of 1% ain't great, Amazon's development of its network really impacting on RMG. Productivity gains of 2.9% against a 2.8% pay rise gives the impression of running just to stand still.
In today's climate. Still don't see the letters drop of 5% in our office but do agree that packets are on the up. As I've said, amazon are coming back into our office at the moment, whether this is just a short term thing in this busy period or for good, time will tell. Atb.
UK Mail profits hit by HQ move. Problems with new Coventry sorting hub impact on the bottom line. Profits down sharply and dividend is cut. Probably a temporary blip due to logistical difficulties, but not exactly bad news for RMG.
As for Amazon delivering their own parcels, yes in our area they have been doing this for a couple of months but now we are seeing amazon parcels coming back through the system. Whether it is because they cannot cope with the volume or something to do with the lack of quality as I regularly saw doorstepped packets (sometimes in full view and in the rain), resulting in complaints , that had brought them back, I do not know.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.