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Will installing cavity wall insulation devalue my home? I’m looking at building a benefits package for my workers: What should I focus on, and will it really make a difference for attracting talent? MARKET REPORT: Merger talks between engineer Smiths Group and U. Money Morals: Should I ‘bribe’ my kids to do their chores with extra pocket money? THE PRUDENT INVESTOR: My wife wanted a bigger kitchen, so I sold at the worst moment possible! Royal Mail profits have slumped by a fifth after Amazon shook up the parcels market by setting up its own delivery network. The move caused Royal Mail and its rivals to fight harder for business, with competition from the likes of TNT, Yodel, and Amazon itself hampering progress.
Shares in the recently privatised postal group fell 37. 3p or 8 per cent to 431. 9p after the profit drop was accompanied by a pessimistic outlook. Royal Mail said Amazon’s plans would slash the rate of growth in the UK parcels market from 4-5 per cent to 1-2 per cent a year for its own business and other carriers for around two years. Parcels make up half of Royal Mail’s turnover and its growth in an industry buoyed by online shopping is a key investment focus for shareholders in light of declining letter volumes.
279million, as Amazon’s delivery ambitions, higher pension costs and the absence of a VAT refund received a year ago all took their toll. 237-279million, but the City gave Royal Mail’s results a negative reception this morning. Royal Mail was floated by the Government at 330p in October 2013 and soared to a peak of 618p within months, sparking fierce controversy over whether the business had been undervalued at the outset. 53billion, while operating profit margins rose up by 0.