Hints and tips:
...“We expected some decline in parcel volumes given most retail stores were open during the period, unlike last year,” said Keith Williams, chair of Royal Mail....
...Daniel Roeska, an analyst at Bernstein, said he was encouraged by the “ambitious” growth plans for GLS. “A better GLS is great but only great as long as the UK business is working well,” he added....
...Royal Mail also owns Amsterdam-based General Logistics Systems, or GLS, which operates internationally....
...FY21 H1 sales were £2,544.9m, a 6.5% decline YoY; the decline was lower than feared, given the 3-month period of store closures....
...The first is the sale or spinout of GLS, the international division — a prospect that has become more tantalising since its founder Mr Back departed....
...At the very least, this implies the GLS parcel business is receiving almost free optionality in the shares. And, for clarity, our target price of £2.10 implies a GLS value of a modest 4x EV/EBIT....
...However, with mandated store closures across many markets, many retailers face significant losses in the coming months....
...A trading update reports same-store sales rose 2.7 per cent in the 15 weeks to January 12 compared to the same time last year....
...Volumes grew by nine per cent internationally, excluding the impact of recent acquisitions, as GLS focused primarily on business to business opportunities....
...The hotel Hans Egede (hhe.gl) has doubles from DKK2,075 (£251)....
...The store chain’s first-half operating profits fell slightly to £313m on sterling weakness. Longer-term, Primark should continue driving earnings growth at ABF....
...Blake Penfold, a business rates consultant at GL Hearn, has predicted that anyone expecting “real reform” of the system will be disappointed....
...Moya Greene, the group’s tough Canadian chief executive, says the parcels business in the UK remains highly competitive and alludes to margin pressure on the GLS business....
...unmodified 10:34 – We’re seeing a game using open GL, snow-biking game looks great full screen 10:33 – Jobs may have put a bit of weight on....
...GL Hearn, the property consultancy, estimates that business rates could rise by up to 6.5 per cent across the retail sector once the details of the DCLG’s plans are finalised....
International Edition