Positive Comment11 Sep 2018 09:32
MasterInvestor :-
Royal Mail’s international division, GLS, continues to engage in M&A activity. This is gradually shifting the group’s focus to the global economy, rather than being a UK-dominated stock. GLS accounted for 33% of the group’s adjusted operating profit in the 2018 financial year. This figure is likely to increase as the segment offers significantly higher growth potential than its UK operations, which have experienced a mixed performance of late. With a new CEO likely to ramp-up investment in its international operations, the prospects for the stock could be positive in a fast-growing world economy.