Trying to pick a company with turn around potential in the share price.
With the share price still close to long-term support 275p,UK Mail
looks quite capable of delivering some welcome portfolio profits.




https://www.ukmail.com/


The UK Mail Group (formerly known as Business Post Group) is the largest independent parcels, mail and logistics services company within the UK, offering innovative delivery solutions both locally and worldwide.


Over the past 40 years we have built up a business offering that we believe is second to none. With a national network of more than 55 sites and 2500 vehicles we are able to offer business customers an unique integrated service with a full range of time-sensitive and secure delivery options for parcels, letters and pallets – all of which can be tailored specifically to meet the needs of your business.

Over the past 40 years we have built up a business offering that we believe is second to none and our loyal customers now range from multinationals such as 02 and Talk Talk to family run businesses like Northamptonshire based Podington Garden Centre.

A dynamic and forward thinking company, UK Mail is committed to pushing the boundaries of the postal and express parcel delivery markets and continues to launch a range of innovative delivery solutions.

Financial Calendar2012 / 13
Final ex-dividend date June 2012
Final dividend record date June 2012
Q1 Management Statement July 2012
AGM July 2012
Final dividend payment date July 2012
Interim period end 30 September 2012
Pre-close trading update October 2012
Interim results announcement November 2012
Q3 Management Statement January 2013
Interim dividend payment date January 2013
Accounting year end 31 March 2013
2013 / 14
Pre-close trading update April 2013
Final results announcement May 2013

Thought this share had gone to far south, 5% up

RNS
RNS Number : 2037O
UK Mail Group PLC
09 October 2012







9 October 2012

UK Mail Group plc

Pre-Close Trading Update



UK Mail Group plc today issues the following pre-close trading update for the half year ended 30 September 2012.



Overall performance in the first half of the year has been satisfactory and in line with our expectations, with the trends we experienced in the first quarter continuing into the second quarter.



Reported Group revenues for the first half are expected to show an increase of some 13% compared to the same period in the previous year. Adjusting for the increase in Royal Mail prices implemented on 2 April 2012 and there having been one less working day than in the same period in the previous year, underlying Group revenues increased by some 10%.



Our Mail business continued to show good revenue growth both on an absolute and underlying basis driven by strong customer retention and new customer wins. This business remains well positioned in its market with a good pipeline of new business opportunities.



Our Parcels business again showed good revenue growth, based on continued volume increases compared to the prior year. This performance reflects the benefits of recent customer wins although we continue to see an ongoing mix change towards B2C.



Our Courier business saw a decline in revenues as expected. Our Pallets business again achieved revenue growth albeit in challenging operating conditions.



We expect the economic backdrop to remain challenging into 2013 and the pricing environment to stay competitive. We are continuing to plan accordingly, with tight control of our costs remaining a key focus. We have leading and differentiated positions in our markets, a highly competitive business model, and the Group remains in a sound financial position, all of which gives us confidence for the future.



The Group will report its interim results for the half year ended 30 September 2012 on 21 November 2012.



- Ends -

The Group will report its interim results for the half year ended 30 September 2012 on 21 November 2012.

Half Yearly Report

#Highlights



· Group revenues up 11.9% to £225.7m (2011: £201.6m)

o Mail revenues up 23.6% to £115.9m (2011: £93.8m)

o Parcels revenues up 4.4% to £87.2m (2011: £83.5m)



· Group profit before tax (before exceptional items) up 7.8% to £7.3m (2011: £6.8m)



· Group profit before tax (reported) up 21.4% to £7.3m (2011: £6.0m)



· Strong balance sheet, net cash at period end of £15.7m (2011: £11.6m)



· Interim dividend maintained at 6.4p per share (2011: 6.4p)



· Strong levels of customer retention and new client wins



· Continued to build market share as the market landscape evolves



· New products and service offerings, including imail and ipostparcels, continue to make good progress




http://www.moneyam.com/action/news/showArticle?id=4488559

Pre-tax profit up 7.8% for UK Mail

21 November 2012 | 09:05am

StockMarketWire.com - UK Mail reports group revenues up 11.9% to £225.7m (2011: £201.6m) for the half year to end of September.

Mail revenues were up 23.6% to £115.9m (2011: £93.8m)whilst parcels revenues were up 4.4% to £87.2m (2011: £83.5m)

Group profit before tax (before exceptional items) was up 7.8% to £7.3m (2011: £6.8m) and group profit before tax (reported) was up 21.4% to £7.3m (2011: £6.0m).

The company revealed a stronger balance sheet, with net cash at period end of £15.7m (2011: £11.6m). An Interim dividend was maintained at 6.4p per share (2011: 6.4p)

Guy Buswell Chief Executive Officer of UK Mail, said: ""With our highly competitive business model, tight focus on costs, and strong balance sheet providing strategic flexibility, we are well prepared for the competitive environment, and general economic backdrop, to remain tough into 2013.

"We are therefore confident that we will come through this period of significant change in our industry as one of the strongest players in the markets in which we operate."

At 9:05am: [LON:UKM] share price was +4p at 284p

UKM

UK Mail Group PLC

Seymour Pierce

Add

300

On the up all week since news

Interim Results Presentation
November 2012

https://www.ukmail.com/media/docs/presentations/Interim%20Results%20Presentation%20Nov%2012.pdf

UK Mail a hold in this weeks IC. Broker Investec Securities has upped its estimate for adjusted full year pre-tax profits from £15m to £15.5m , with EPS estimate rising from 20.7p to21.3p {from 20.1p in 2012}. The shares have risen more than 30 per cent since late July and now trade on a punchy 13 x forecast earnings . That leaves UK Mail resilient performance looking factored in.

Ex div - payment 18 Jan - 6.4p

.

UK Mail Group says Q3 trading ahead of previous expectations
StockMarketWire.com
UK Mail Group said a strong performance in the peak Christmas trading period meant its third-quarter trading was ahead of its previous expectations.

"Reported Group revenues for the quarter showed an increase of some 14% compared to the same period in the previous year," it said in a statement.

"Adjusting for the increase in Royal Mail prices implemented on 2 April 2012 and there being one more working day than in the same period last year, underlying Group revenues increased by some 8%."

Overall, UK Mail Group's sales and trading performance for the third quarter was above our previous expectations.

Its parcels business saw volumes up 20% year on year, partly driven by a rise in internet shopping and related home deliveries.

The mail business again saw good revenue growth, due to a further increase in mail volumes. This growth continues to be driven by strong customer retention and new customer wins.

UK Mail's courier business had a decline in revenues, as expected. Its pallets business again achieved revenue growth, though with a continuation of the challenging operational conditions seen in the first half.

The Group remains in a sound financial position, it said.

Chief executive Guy Buswell said: "We still assume the economic backdrop will remain challenging into 2013 and the pricing environment will stay competitive.

"We are well prepared for this and with our highly competitive business model, tight focus on costs and strong balance sheet, we remain confident that we will come through this period of significant change in our industry as one of the strongest players in the markets in which we operate."

At 9:12am: (LON:UKM) share price was +10.13p at 327.13p

I new this company had turn around potential , Parcel rates were very good over the christmas period.

UK Mail Group: Investec revises target price from 350p to 400p with an unchanged buy rating.

UK Mail Group: Investec takes target price from 400p to 420p and reiterates a buy recommendation.

Pre-Close Trading Update

RNS


RNS Number : 8173B

UK Mail Group PLC

09 April 2013








9 April 2013



UK Mail Group plc



PRE-CLOSE TRADING UPDATE



Strong performance in fourth quarter



UK Mail Group plc (the "Group") today issues the following pre-close trading update for the financial year ended 31 March 2013.



Overall performance for the fourth quarter is expected to be above our previous expectations, with performance in March particularly strong. Reported Group revenues for the quarter are expected to show an increase of some 6% compared to the same period in the previous year, giving total reported revenue growth for the financial year of some 11%. Adjusting for the increase in Royal Mail prices implemented in April 2012 and two less working days than in the same period last year, underlying Group revenues for the quarter are expected to show an increase of some 6%, giving a total underlying revenue increase for the year of some 8%.



Our Parcels business continued to deliver a strong performance, with volumes for the quarter increasing by some 20% compared to the same period last year. This volume growth was largely driven by an increase in home deliveries related to online shopping, which resulted in a continuation of the mix change towards B2C that we have previously seen.



Our Mail business achieved good revenue growth. This growth continues to be driven by strong customer retention and business wins.



Our Courier business had a decline in revenues, as expected. Revenues in our Pallets business declined. This business has faced a difficult year, however its position is improving and it enters the new financial year with a new management team and the previous network issues now largely resolved.



The Group remains in a sound financial position.



Guy Buswell, Chief Executive of UK Mail, said:



"The performance of our business in the final quarter of the year was again strong, partly helped by the early Easter. I am particularly pleased with the performance of our parcels business where volume growth continues to be high. In March we experienced the highest ever daily volumes across our combined parcels and mail businesses and, given our focus on our network management, we continued to maintain our strong customer service levels.



"We still assume that the UK economic backdrop will remain challenging in 2013 and that the pricing environment will stay competitive. Our industry also continues to evolve, resulting in a number of opportunities and challenges. With our highly competitive business model, tight focus on costs and strong balance sheet, we remain confident that we will continue to make good progress."



UK Mail Group will report its final results for the year ended 31 March 2013 on 22 May 2013.



- Ends -

UK Mail Group PLC (UKM:LSE) set a new 52-week high during today's trading session when it reached 442.00. Over this period, the share price is up 84.71%.

:-))

Investec reiterates buy on UK Mail Group, target raised from 420p to 465p

UK Mail Group PLC (UKM:LSE) set a new 52-week high during today's trading session when it reached 448.00. Over this period, the share price is up 87.06%.

Final Results


Highlights



· Group revenues up 10.8% to £475.4m (2012: £429.0m)

o Mail revenues up 16.1% to £241.6m (2012: £208.1m)

o Parcels revenues up 10.0% to £189.3m (2012: £172.1m)



· Group profit before tax (before exceptional items) up 17.7% to £17.8m (2012: £15.1m)



· Group profit before tax (reported) up 37% to £17.8m (2012: £12.9m)



· Strong balance sheet, net cash at year end of £27.0m (2012: £18.4m)



· Final dividend increased 5.1% to 12.4p per share (2012: 11.8p), giving a total dividend increase for the year of 3.3% to 18.8p (2012: 18.2p)



· Strong levels of customer retention and new client wins



· Continued to build our share in an evolving market



· New services, including imail and ipostparcels, making good progress



· Major plans for increased automation announced today







http://www.moneyam.com/action/news/showArticle?id=4599557

UK Mail Group: Investec raises target price from 465p to 600p and stays with its buy recommendation.

Shares mag - Growth in online shopping is helping to boost profits at UK Mail (UKM). The delivery group jumped 10.9% to 510p after reporting a 37% rise in pre-tax profit to £17.8 million. The market also liked news that UK Mail would invest in ‘significantly increased automation’ across its network as this should be a strong driver for volume growth and improved profit margins.


UK Mail Group PLC (UKM:LSE) set a new 52-week high during today's trading session when it reached 519.00. Over this period, the share price is up 121.03%.

UK Mail profits jump

22 May 2013 | 07:24am

StockMarketWire.com - UK Mail today reported a year of good progress with strong momentum in the second half. Group revenues were up 10.8% to £475.4m (2012: £429.0m).

o Mail revenues up 16.1% to £241.6m (2012: £208.1m)

o Parcels revenues up 10.0% to £189.3m (2012: £172.1m)

Group profit before tax (before exceptional items) up 17.7% to £17.8m (2012: £15.1m).

Group profit before tax (reported) up 37% to £17.8m (2012: £12.9m).

Strong balance sheet, net cash at year end of £27.0m (2012: £18.4m).

Final dividend increased 5.1% to 12.4p per share (2012: 11.8p), giving a total dividend increase for the year of 3.3% to 18.8p (2012: 18.2p).

The company said it saw strong levels of customer retention and new client wins.

New services, including imail and ipostparcels are making good progress.

Major plans for increased automation are announced today.

Guy Buswell, CEO, said: 'I am pleased to report a very strong performance in the second half, which has led to a particularly good result for the year. Trading in the initial weeks of the current year has seen this positive trend continue, with further good growth in parcels volumes.

'Our industry is undergoing some fundamental changes, from the rise in e-commerce and e-communication to the expected forthcoming privatisation of Royal Mail, a valued business partner of UK Mail. Today's results demonstrate that our business model has the inherent strength to adapt to this changing market and grasp the opportunities that exist.

'We continue to invest in our business, maintaining our focus on innovation, efficiency and high service levels. Alongside this, we have today announced major plans for significantly increased automation across our network. These plans will be a key factor in driving further volume growth and margin enhancement for the Group. We thus remain confident we will continue to make good progress in the current year and beyond.'

Consensus recommendation

As of May 23, 2013, the consensus forecast amongst 4 polled investment analysts covering UK Mail Group PLC advises that the company will outperform the market. This has been the consensus forecast since the sentiment of investment analysts deteriorated on Feb 03, 2010. The previous consensus forecast advised investors to purchase equity in UK Mail Group PLC.


UK Mail Group PLC (UKM:LSE) set a new 52-week high during today's trading session when it reached 525.00. Over this period, the share price is up 131.79%.

A hold in this weeks IC - Shareholders will be pleased with a rising dividend but, on 17 times forecast earnings net of cash , UK Mail's shares are hardly cheap. Looking ahead, there are also some uncertainties linked to the relocation of the groups Birmingham distribution hub due to planned HS2 rail link, and possible Royal Mail industrial action ahead of the proposed privatisation.

:-))

Director buys - Guy Buswell 29 May 13 no. of shares 8,823 at 510p - £44,997

Steven Glew 29 May 13 no. of shares 3, 018 at 510p -£15,392

Ex dividend 26 Jun 13 UK Mail Group PLC [UKM] (12.4 p)



UK Mail Group PLC (UKM:LSE) set a new 52-week high during today's trading session when it reached 530.00. Over this period, the share price is up 127.47%.

Trading statement - July 10

9 July 2013





uk mail Group plc



INTERIM MANAGEMENT STATEMENT



"A good start to the current financial year"



UK Mail Group plc announces the following Interim Management Statement covering the period 1 April 2013 to 30 June 2013.



We have made a good start to the current financial year, with trading performance for the first quarter likely to be well ahead of our previous expectations.



Reported Group revenues for the first quarter increased by some 6% compared to the same period in the previous year. Adjusted for there being two extra working days in the period compared to the same period last year, the underlying revenue increase was some 3%.



Our Parcels business continued to deliver a strong performance, with daily volumes for the quarter increasing by some 25% compared to the same period last year. This volume growth was largely driven by an increase in home deliveries related to online shopping, which resulted in a continuation of the mix change towards B2C that we have previously disclosed. We expect the level of parcels volume growth to moderate going forward as we annualise the higher volume growth achieved from the second quarter of the last financial year.



In our Mail business revenues were down slightly, largely due to mix changes; volumes were ahead of the same period last year. Mail remains well positioned in its market with a good pipeline of new business opportunities.



Our Courier and Pallet businesses performed in line with expectations, with slight revenue declines on the same period in the previous year.



The Group remains in a sound financial position.



We continue to expect the terms of an agreement with HS2 for the relocation of our Birmingham hub to be confirmed shortly by the Secretary of State for Transport.



Notwithstanding a good start to the current financial year, we still assume that the UK economic backdrop will remain challenging in the current year and that the pricing environment will stay competitive. However, as our industry continues to evolve, we continue to be confident that we can use our inherent strengths to adapt to the opportunities and gain further market share.



The Group's Annual General Meeting will take place at 12.00pm tomorrow, 10 July.



The Group expects to issue a pre-close trading update for the half year ended 30 September 2013 in early October 2013.



- Ends -

9 Jul Investec 600.00 Buy

Shares today - UK Mail’s (UKM) ability to capitalise on strong growth in the business-to-consumer (B2C) segment is driving a share price that has more than doubled in a year. The £280 million logistics specialist rose 8.7% to 560p after the group’s interim management statement revealed first quarter trading would be ‘well ahead’ of previous expectations.

The group’s parcels business continued to deliver a strong performance, with daily volumes for the quarter increasing by some 25% compared to the same period last year while mail business revenues were down slightly, largely due to mix changes. While this segment accounts for over half of the company’s overall revenue, the business-to-consumer side of UK Mail continues to give a robust performance.

While the mail division looms larger in turnover, it is the parcels division that accounts for the biggest bottom line contribution. The UK parcels market’s growth is being driven by B2C as more than 14% of retail sales now occur online. This is forecast to reach 28% by 2018.

In terms of breakdown, UK Mail’s parcels focus has been weighted towards the business-to-business (B2B) end of the market. Its attention is increasingly being drawn to the B2C segment, especially the high end (e.g. mobile handsets and laptops, where security is a high priority). Margins in the parcels segment suffered a dip since 2008/09 when they stood at around 9.5%, a low point of around 6.5% was reached in 2011/12 before bouncing back in 2012/13 to around 8.5%.

In May, when the group’s results for the year to 31 March were released, UK Mail unveiled plans for the installation of further automated sorting equipment, at a capital cost of approximately £20 million to be incurred over the next two financial years.

This enhanced automation spend will, according to Andy Jones an analyst at RBC Capital Markets, ‘help UK Mail maintain its cost leadership in the market. The challenge for the industry is to adapt delivery networks geared towards B2B, to B2C. The requirements for each are slightly different – and come with different problems, such as redelivery costs and lower unit prices (for B2C).’ As a consequence, the broker is lifting its operating profit forecasts by 3% 13/14E and 5% 14/15E reflecting a lower tax rate and the higher base level of profits in 2012/13.

UK Mail Group: RBC Capital moves target price from 400p to 415p and retains a neutral rating

UK Mail Group PLC (UKM:LSE) set a new 52-week high during Friday's trading session when it reached 593.00. Over this period, the share price is up 166.52%.

Dividend


Final Interim
Ex-Div 26-Jun-13
Paid 26-Jul-13
Amount 12.40p

UK Mail Group PLC (UKM:LSE) set a new 52-week high during today's trading session when it reached 615.00. Over this period, the share price is up 159.22%.

Interesting, Acorn income fund managers talk to Ic this week. They will not be buying royal mail shares when it floats, and will be stick firmly with UK Mail - as having much stronger ties to online retail. The senior fund manager '' when people buy things online, UK Mail packages and delivers those items. And more and more people are buying those things online''.


UK Mail Group PLC (UKM:LSE) set a new 52-week high during today's trading session when it reached 627.00. Over this period, the share price is up 161.05%.

Upset somewhat with the Royal mail privatisation , recovered 5% today.

Pre-close Trading Update

RNS


RNS Number : 7874O

UK Mail Group PLC

25 September 2013






25 September 2013







uk mail Group plc



PRE-CLOSE TRADING UPDATE



"A Good First Half Trading Performance"



UK Mail Group plc today issues the following pre-close trading update for the half year ending 30 September 2013.



Current trading and outlook

Overall the Group performed well during the first half of the financial year. Trading in the second quarter has been such that overall performance for the first half year is now expected to be ahead of our previous expectations.



Reported Group revenues for the first half are expected to show an increase in some 7% compared to the same period in the previous year. Adjusted for there being three extra working days in the period compared to the equivalent period last year, the underlying revenue increase was some 4%.



Our Parcels business continued to deliver a strong performance, with average daily volumes for the half increasing by some 25% compared to the same period last year. This volume growth was largely driven by an increase in home deliveries related to online shopping, which resulted in a continuation of the mix change towards B2C that we have previously disclosed. We expect the level of parcels volume growth to moderate in the second half as we annualise the higher volume growth achieved from the end of the second quarter of the last financial year.



In our Mail business revenues were down slightly, largely due to mix changes, with our average daily mail volumes some 2% ahead of the same period last year. Mail remains well positioned in its market with a good pipeline of new business opportunities.



Our Courier and Pallet businesses performed in line with expectations, with slight revenue declines on the same period in the previous year.



The Group remains in a sound financial position.



Whilst we remain cautious about the strength of the economic recovery in the UK, the markets in which we operate continue to provide us with opportunities to develop and grow our business.



The Group will report its interim results for the half year ended 30 September 2013 on 20 November 2013.



HS2 discussions

We continue to make progress with securing an agreement with HS2 for the relocation of our Birmingham hub and expect confirmation by the Secretary of State for Transport to be received shortly. We hope to be in a position to provide a full update on our plans at the time of our interim results.







- Ends -

25 Sep Investec 630.00 Buy

Shares today -


Online shopping boosts UK Mail volumes


A surge in first-half volumes at UK Mail’s (UKM) parcels division has prompted the mail and logistics services company to say that first-half results will beat expectations. This triggers a 3.5% rise to 590p.

UK Mail says interim results, to be published on 20 November, should show a 7% rise year-on-year. Underlying revenue gain is 4% if you adjust for three extra working days in this year’s period.

Parcels is the strong area. Average daily volumes increased by some 25% compared to the same period last year thanks to an increase in home deliveries related to online shopping.

Mail revenues were down slightly and the group put this down to mix changes as daily mail volumes continue to grow – albeit by only 2%. The courier and pallet businesses performed in line with expectations, with slight revenue declines on the same period in the previous year.

While the group remains cautious about the depth of the UK’s economic recovery, UK Mail says its markets continue to provide opportunities to develop and grow business.

Stockbroker Investec raises its price target on UK Mail from 600p to 630p with analyst John Lawson characterising the company as being ‘in a sweet spot…with strong demand and enough capacity for now.’

Investec nevertheless flag up concerns about the rise in parcel volumes coming from an increase in home deliveries related to online shopping where B2C (business to consumer) traffic ‘has modest negative implications for the yield’. That notwithstanding, the broker is confident that the uplift from growth in volumes will more than mitigate for any likely margin erosion.

Interims on Wed 20 Nov

Half Yearly Report

RNS


RNS Number : 4605T

UK Mail Group PLC

20 November 2013










20th November 2013



UK MAIL GROUP plc



INTERIM RESULTS

For the 6 months ended 30 September 2013



Highlights



· Group revenues up 7.9%; group operating profit up 63.2%

o Parcels: revenues up 21.4%; operating profit up 91.3%

o Mail: revenues down 0.3%; operating profit up 10.9%



· Group profit before tax up 63.0% to £11.9m (2012: £7.3m)



· Strong balance sheet, net cash at period end of £19.5m (2012: £15.7m)



· Interim dividend increased by 10.93% to 7.1p per share (2012: 6.4p)



· Strong levels of customer retention and new client wins



· Further growth in market share as competitive and market landscape evolves



· New products and service offerings, including imail and ipostparcels, continue to make good progress



· Plans progressing for relocation of Birmingham hub and increased automation



Guy Buswell, Chief Executive Officer of UK Mail, said:-



"This has been a period of very strong growth, driven particularly by strong increases in our parcels volumes. Trading to date in the second half has been in line with our expectations and we remain confident of a positive outcome for the full year.



"This strong performance reflects the excellent progress made over the past three years. We have created a robust operational platform, strong competitive market positions, and we are a much more consumer-focused business.



"We are now entering the next phase of strategic investment. With significant steps forward planned over the next two years in our capacity, customer-facing technology, I.T. infrastructure and automation, these investments will create the platform for the next chapter of growth for the Group over the coming years

UK Mail shares lifted as parcels business boosted by online shoppers
By Giles Gwinnett November 20 2013, 10:42am Growth was supported by average daily volume growth of 25%-largely driven by an increase in home deliveries, the company saidGrowth was supported by average daily volume growth of 25%-largely driven by an increase in home deliveries, the company said

Home deliveries from online shopping boosted the parcels business of UK Mail (LON:UKM) in its latest half year, it told investors.

The parcels business, which represents 43% of the group's overall revenues, saw revenue growth of 21.4% in the six months to end September compared to last year.

This growth was supported by average daily volume growth of 25%-largely driven by an increase in home deliveries, the company said.

The firm provides mail, parcels and logistics services; in the mail business, revenues fell 0.3% but operating profit was up 10.9%.

Overall, the group's pre-tax profit increased 63% to £11.9 million, compared to £7.3mln in 2012.

Guy Buswell, UK Mail's chief executive, said: "This has been a period of very strong growth, driven particularly by strong increases in our parcels volumes.

"Trading to date in the second half has been in line with our expectations and we remain confident of a positive outcome for the full year."

He added: "We are now entering the next phase of strategic investment. With significant steps forward planned over the next two years in our capacity, customer-facing technology, IT infrastructure and automation, these investments will create the platform for the next chapter of growth for the group over the coming years."

UK Mail now has Royal Mail (LON:RMG) as a listed competitor after the state postal service was privatised last month, in a much hailed public float. Its parcel business is crucial to Royal Mail's future growth prospects.

UK Mail said it was continuing with plans to introduce further automated sortation at a cost of around £20mln this and next financial year into its parcels operations.

"We are targeting a double digit net return on the investment we make. We expect the automated sortation to go live in early 2015 with the full run rate of benefits being achieved from September 2015," it told investors today.

UK Mail declared an interim dividend payment of 7.1p - an increase of 10.9% (2012: 6.4p), to be paid on January 17 next year.

Shares advanced 6.84% to stand at 625p each.

Sp fully valued.

Agreement with Department for Transport

RNS


RNS Number : 8636U

UK Mail Group PLC

06 December 2013








6 December 2013



UK Mail Group Plc



Agreement with Department for Transport - relocation of central hub



UK Mail Group plc ("UK Mail") is pleased to confirm that agreement has been reached with the Department for Transport for the relocation of our central hub.



As indicated in our interim results announcement on 20th November 2013, our central hub in Birmingham is on the route of HS2 (the UK Government's planned high-speed rail route between London and the Midlands and Northern England) and therefore needs to be relocated.



An agreement has now been reached with the Department for Transport that they will support the relocation of the hub to a new 200,000 sq. ft. facility, in the Coventry area, subject to planning approval.



Construction is scheduled to commence in early 2014 and the move will take place over a period commencing in Spring 2015. This timescale supports our plans to introduce significantly increased automation of our operations from Spring 2015 onwards, with new automated sortation equipment being installed at the new hub.



The cost of replacing our existing facility and associated relocation costs will be funded by HS2 Ltd. UK Mail will fund the costs of deemed upgrades to our existing facility, expected to be some £10m; this is in addition to the previously announced investment of approximately £20m in the new automated sortation equipment. Of this combined investment, £10m is expected to fall into the current financial year and £20m into the year to 31 March 2015. The investment will be funded from UK Mail's existing cash resources and new bank facilities. We continue to expect a double digit net return on the investment in automation, with the full run-rate of benefits expected from September 2015.



Guy Buswell, CEO of UK Mail, said:



"This move will represent an important component of our plans to develop UK Mail into one of the leading and most advanced parcel carriers in the UK, with a new state-of-the-art, highly automated hub at the heart of our network."



Beth West, HS2 Ltd Commercial Director, said:



"We are pleased to have reached this agreement with UK Mail. This is a significant step forward and provides clear evidence that HS2 Ltd can work successfully with businesses to secure long term benefits for both."

The company must of done well over the Christmas period delivering what was ordered over the internet . From the company site - Q3 Management Statement January 2014

UK Mail Group: Investec ups target price from 630p to 700p and maintains a buy recommendation.

Pre-close Trading Update

RNS


RNS Number : 3766E

UK Mail Group PLC

09 April 2014








9 April 2014

UK Mail Group plc



PRE-CLOSE TRADING UPDATE



Good performance in fourth quarter



UK Mail Group plc (the "Group") today issues the following pre-close trading update for the financial year ended 31 March 2014.



Overall performance for the fourth quarter and the full year is expected to be in line with our previous expectations.



Reported Group revenues for the quarter are expected to show an increase of some 6% compared to the same period in the previous year, giving total reported revenue growth for the financial year of some 7%. There being one more working day than in the same period last year, underlying Group revenues for the quarter are expected to show an increase of some 4%, giving a total underlying revenue increase for the year of about 5%.



Our Parcels business continued to deliver a good performance, with volumes for the quarter increasing by around 15% compared to the same period last year. This volume growth was again partly driven by an increase in home deliveries related to online shopping, with a continuation of the mix change towards B2C that we have previously seen.



Our Mail business achieved revenue growth due to a further good increase in mail volumes. This growth continues to be driven by strong customer retention and business wins.



Our Courier business saw a good increase in revenues, reflecting a number of new contract gains.



Revenues in our Pallets business also showed an increase as the business continues with its recovery plan.



The Group remains in a sound financial position.



Guy Buswell, Chief Executive of UK Mail, said: "Our business has continued to perform well with good volume growth in both our parcels and mail businesses, showing the strength of our customer offering. Meanwhile our new one hour delivery window project has been implemented and is being rolled out across our network, enabling us to provide our customers with industry leading services in this key area.



We are making good progress with strategic investment in our business. Our new central sortation hub near Coventry is under construction, and is currently on track to be operational in mid 2015. Once completed this new facility will provide us with a strong platform for further volume growth and future operating efficiencies.



As expected, the coming year will be something of a transitional period for the Group, reflecting the current programme of investment, but our outlook for our trading performance is unchanged."



UK Mail Group will report its final results for the year ended 31 March 2014 on 21 May 2014.





- Ends -

Shares - Next weeks 21 May Finals should confirm ongoing strong performance in the groups parcel division as its shift towards B2C comes into focus.

Final Results



Highlights



· Group revenues up 7.0% to £508.5m (2013: £475.4m)

o Mail revenues up 1.5% to £245.3m (2013: £241.6m)

o Parcels revenues up 16.2% to £219.9m (2013: £189.3m)



· Group profit before tax up 28.2% to £22.8m (2013: £17.8m)



· Strong balance sheet, net cash at year end of £27.0m (2013: £27.0m)



· Final dividend increased 14.5% to 14.2p per share (2013: 12.4p), giving a total dividend increase for the year of 13.3% to 21.3p (2013: 18.8p)



· Strong levels of customer retention and new client wins



· New Hub and automation projects progressing well



· Good progress with new product and service offering, including imail and ipostparcels



· New scanning software being rolled out to all sites providing one hour delivery windows


http://www.moneyam.com/action/news/showArticle?id=4814988

Sharecast -Investec has raised its forecasts on UK Mail after the expanding parcel carrier said higher package and mail revenues helped it to lift annual profits and dividends.

The broker increased its pre-tax profit prediction for 2014/15 by 3% to £24m and its earnings per share forecast to 34.6p from 33.5p.

It also confirmed its 'buy' advice with a cashflow-based target price of 700p.

Investec said: "UK Mail continues to innovate and recent improvements in its IT infrastructure put the group as one of the 'best in class', we believe.

"The significant capacity expansion should facilitate the next leg of growth."

UK Mail Chief celebrates results with share purchase

Fri, 23 May 2014


The Chief Executive Officer of UK Mail this week celebrated a strong set of results by the mail and parcel courier with the purchase of 75,000 pounds-worth of shares.

Guy Buswell bought 12,195 shares at 615p each, taking his stake in the group to 267,807.

UK Mail's parcel business, which makes up 43% of its revenue, lifted revenue by 16.2% to £219.9m and operating profit by 37.2% to £22.4m as home deliveries related to online shopping partly drove increased volumes.

Its mail business, which contributes 48% of group revenue, increased revenue by 1.5% as it managed to keep customers and win contracts.

Mail volumes increased 2% against a year ago in comparison with an overall declining market as the group beat rivals such as Royal Mail to new work.

Investec raised its forecasts on the group, increasing its pre-tax profit prediction for 2014/15 by 3% to £24m and its earnings per share forecast to 34.6p from 33.5p.

It also confirmed its 'buy' advice with a cashflow-based target price of 700p.

UK Mail Finance and Operations Directors build stakes

Mon, 09 June 2014



The Group Finance Director and Group Operations Director of UK Mail have both upped their company holdings with the purchase of 4,000 shares each.

Both Steven Glew and Carl Moore spent 627p a share, giving each of the deals a trade value of £25,080.

The transactions come just a few weeks after the mail and parcel courier to deliver higher annual profits and dividends.

Group pre-tax profit rose 28.2% to £22.8m on a 7% lift in revenue to £508.5m.

It increased the final dividend by 14.5% to 14.2p per share, giving a total annual dividend increase of 13.3% to 21.3p.

The results prompted Investec to raise its pre-tax profit prediction for 2014/15 by 3% to £24m and its earnings per share forecast to 34.6p from 33.5p.

Glew's stake in the company now stands at 125,263 shares, while Moore holds 5,177.

Interim Management Statement

RNS


RNS Number : 7142L

UK Mail Group PLC

09 July 2014






9 July 2014





uk mail Group plc



INTERIM MANAGEMENT STATEMENT



"A solid start to the current financial year"



UK Mail Group plc announces the following Interim Management Statement covering the period 1 April 2014 to 30 June 2014.



We have made a solid start to the current financial year, with overall performance for the first quarter in line with our previous expectations.



Reported Group revenues for the first quarter increased by some 2.5% compared to the same period in the previous year. Adjusted for there being one less working day in the period compared to the same period last year, the underlying revenue increase was some 4.5%.



Our Parcels business continued to deliver a good performance, with daily volumes for the quarter increasing by some 10% compared to the same period last year. This volume growth was partly driven by an increase in home deliveries related to online shopping, with a continuation of the mix change towards B2C, as previously guided. We expect that the level of parcels volume growth will continue to moderate going forward as we annualise the higher volume growth achieved during the last financial year, reflecting the partial and temporary capacity constraints that we have previously disclosed, as we develop our new expanded and automated hub.



In our Mail business daily volumes were slightly up on the same period last year. Our Mail business has recently won a number of new tenders which we expect will lead to good volume growth for the remainder of the financial year.



Our Courier and Pallet businesses showed revenue increases compared to the same period in the previous year.



The Group remains in a sound financial position.



Our strategic investments are progressing to plan. Our new automated hub is on track to be operational from May 2015, providing a significant step forward in how we operate; creating extra capacity and reducing operating costs. Our key objectives during the relocation process will be to retain the knowledge and experience of our teams while maintaining our high levels of customer service. Good progress is being made and we are on track to achieve our objectives in this key area.



With the strength of our market position, a well invested, integrated and automated network, and a growing suite of innovations and industry-leading products and services, we remain excited about the medium term growth prospects for UK Mail.



The Group's Annual General Meeting will take place at 12.00pm today, 9 July.



The Group expects to issue a pre-close trading update for the half year ended 30 September 2014 in early October 2014.



- Ends -

9 Jul Investec 700.00 Buy

By John Ficenec, Questor editor

6:00AM BST 10 Jul 2014


UK Mail
592¼p-1
Questor says HOLD


UK MAIL said yesterday that a strong increase in parcel deliveries had supported earnings but Questor argues investors should wait a little longer before cashing in.


The delivery group said online retail had once again boosted parcel delivery volumes by 10pc during the first


quarter compared to the same period last year.


First quarter revenue increased by 2.5pc. Once adjusted for the loss of three days trading this year, underlying revenue increased by 4.5pc.


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Trading was in line with market expectations. Full-year, pre-tax profits are now expected to be 8pc higher at £24.5m, giving earnings per share of 34.9p, increasing to 38.2p next year.

The company warned that the increase in the volume of parcels would slow throughout the year when compared to the rapid growth last year. The first quarter volumes grew by 10pc, down from 19pc growth the company reported last year.

This is significant because parcels contributed about 60pc of the group’s profits and about 40pc of the revenue in the annual results last year.

The age of the internet was supposed to be the death of traditional letter delivery operations as email replaced what disparagingly became known as “snail mail”. However, as increasing numbers of people shop online, the internet has provided UK Mail with its fastest growing business.

Traditional mail delivery is undoubtedly in structural decline but UK Mail has bucked the trend, enjoying volumes that it said were “slightly up” on the same period last year.

Shares in UK Mail have more than doubled in value from around 250p a year ago.

The forecast dividend on the shares is 34.9p, which offers a yield of 3.9pc. The dividend is covered 1.5 times by earnings and free cash flow.

The balance sheet is also strong, with around £27m in net cash reported at the year end. This is impressive, considering the group is investing £20m in a new automated sorting system to increase efficiency.

This means investment that is expected to take place over the next two years will be funded by the company’s own cash. The site is due to be operational in May 2015.

UK Mail is a growth company but, with the shares trading on 17 times forecast 2014 earnings and growth slowing, they remain a hold.

24 Oct Cantor... 700.00 Buy

Half Yearly Report

RNS


RNS Number : 2495X

UK Mail Group PLC

18 November 2014








18th November 2014



UK MAIL GROUP plc



UNAUDITED INTERIM RESULTS

For the 6 months ended 30 September 2014



Highlights



· Group revenues of £241.4m level with the previous year, adjusting for one less working day (2013: £243.4m)



· Group operating profit (pre-exceptional) increased by £0.1m to £11.4m, adjusting for one less working day (2013: £11.8m)



· Group profit before tax (pre-exceptional) of £11.4m level with the previous year, adjusting for one less working day (2013: £11.9m)



· Exceptional items of £6.5m (2013: £nil), comprising Pallets' goodwill impairment of £7.3m offset by HS2 compensation of £0.8m



· Net cash at period end of £9.5m (2013: £19.5m), after funding capital investment of £17.9m



· Interim dividend increased by 2.8% to 7.3p per share (2013: 7.1p)



· New products and service offerings continue to make good progress, with our one hour delivery window roll-out complete



· Relocation of hub from Birmingham to Ryton with full hub automation on track for completion, on budget, in May 2015



Guy Buswell, Chief Executive Officer of UK Mail, said:-



"Overall the Group had a satisfactory first half, with adjusted operating profit ahead of what was a very strong performance in the first half of last year.



"Trading in the initial weeks of the second half, and overall trends within our individual businesses, have been as anticipated, with our peak trading weeks still to come. Our expectations for the full year remain unchanged.



"We are now in a period of significant investment and transition, as we put the infrastructure in place for the next phase of growth. The new fully automated hub under construction represents the largest strategic development in our history. Ours is a growth market that is rapidly polarising between high quality, innovative and sophisticated operators and those at the opposite end of the value scale. Against such a backdrop, the investments we are making place us at a significant competitive advantage for the medium and longer term."



------------------------------------------------------------------------------------------------



By John Ficenec, Questor editor

6:00AM GMT 19 Nov 2014


UK Mail
410p+13¼p
Questor says HOLD


UK MAIL [LONUKM] said that parcel delivery operations had been resilient across the first half and that was enough to send the shares 3pc higher yesterday as markets had been expecting tough competition to hit profits.


The delivery group said online retail had once again increased parcel delivery revenues by 3.4pc during the first half when compared to the same period last year.

The more important information was that UK Mail said it achieved £6.2m in operating profits during the first half, down from £6.3m last year and that came despite increasing competition from the likes of Royal Mail and TNT. With an increasing amount of consumers using click and collect, causing parcel volumes to fall, the market was fearing the profit performance would be worse.


Trading was in line with market expectations with group revenue down 1pc to £241.4m and pre-tax profits of £11.4m, down from £11.9m last year.


Guy Buswell, chief executive, said the company is still on target to hit full-year, pre-tax profits of £22.5m, giving earnings per share of 31.2p, increasing to 36.0p next year.

The company had previously warned that the rapid increase in parcel volumes would slow throughout this year. The UK parcel delivery market is profitable and fiercely contested with Amazon launching its own service this year and eBay also providing a collection service through Argos shops. This is significant because parcels contributed about 60pc of the group’s profits and about 40pc of the revenue in the annual results last year.

By contrast, traditional mail delivery is undoubtedly in structural decline which has affected UK Mail. The company reported revenue from mail delivery down 5.1pc to £109.7m and operating profits down 2.4pc to £6.2m.

Shares in UK Mail fell sharply from around 560p to 470p on September 25 when the company warned on the slowing growth in the parcel market. The forecast dividend on the shares is 22.7p, which offers a yield of 5.7pc. The shares are trading on 12.7 times forecast 2014 earnings and remain a hold.

Wrong Thread.

Director/PDMR Shareholding

RNS


RNS Number : 5458X

UK Mail Group PLC

20 November 2014






UK Mail Group plc ("UK Mail" or the "Company")



Director/PDMR Shareholding



20 November 2014

UK Mail Group plc. received notification that on 19 November 2014, Jessica Burley, a Non-Executive Director and person discharging managerial responsibility, ("PDMR"), purchased 1,500 ordinary shares of 10p each in the Company ("Shares") at a price of 405p per Share.



Following this purchase Jessica Burley holds voting rights attached to 1,500 ordinary Shares representing 0.003% of the issued share capital of the Company.

Ex dividend 4 Dec 7.3p

Signal Update

Our system’s recommendation today is to BUY. The BULLISH STOP LOSS pattern finally received a confirmation because the prices crossed above the Stop Loss level which was at 437.7500, and our valid average buying price stands now at 455.2500. The previous SELL signal was issued on 26/11/2014, 6 days ago, when the stock price was 429.5500. Since then UKM.L has risen by +5.98%.

Market Outlook

A rally after a bear setup can occasionally turn into an explosive long trade. We may be on the verge of catching one of them. There is now a strong positive sentiment in the market despite the absence of a bullish pattern. The bullish stop loss is finally confirmed and a BUY signal is generated. Market wants to reward the bulls. It may be now the right time to be part of this boost and bullish market sentiment by joining the growing bullish crowd


https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=UKM.L

From the company website

Trading Statement
05 Jan 15 UK Mail Group PLC [UKM]


Now changed


Q3 Management Statement 13 January 2015

StockMarketWire.com
UK Mail Group said its expectations for the full year outcome for its core businesses remain unchanged. Trading in that business in Q3 to Dec. 31, 2014, has been in line with its expectations. It has proposed the closure of its non-core UK Pallets business.

"Our core businesses have performed well with our Parcels business successfully handling record volumes, and our network remaining robust, during the peak weeks running up to Christmas," the company said in a trading update.

"The demise of City Link is likely to have a positive impact on the overall UK parcels industry. We have taken on some volumes from ex-City Link customers but it will be some time before the longer term outcome, on our business and on the industry as a whole, can be properly assessed."

The construction and fit out of the new hub is on track for completion next week. The hub automation has been installed and is now entering a commission and testing phase ahead of implementation in May 2015.

UK Mail said at the time of its interim results that its non-core subsidiary UK Pallets Ltd, having suffered declining profitability in recent years, was continuing to experience a number of challenges and that it was taking action to address this underperformance.

"As previously indicated, we have been actively considering all options for this business and a proposal has now been made to close it," UK Mail said.

"This process will be managed over some three months, ensuring that all employees and customers are properly supported. It is hoped that a number of employees would be able to take up alternative roles within UK Mail.

"We estimate that the cash costs will be approximately £1m, with asset write downs of some £2m, including the residual goodwill that arose on acquisition. These will be treated as exceptional items.

"Pallets is the Group's smallest business, contributing just 5.3% of group revenue and 2.3% of group operating profit in the year to 31 March 2014, and is run separately from the Parcels, Mail and Courier operations. These core businesses will therefore be unaffected by the proposed closure."

UK Mail: Investec upgrades to 'buy' with a target price of 600p.

Broker Cantor has sent a positive message to parcels firm UK Mail (LON:UKM), repeating a 'buy' stance on the stock.

In the recent Q3 update, it was revealed the group handled record volumes in the three months and that trading was "in line".

The company is a clear winner in the shake-up of the UK parcels business, reckons analyst Robin Byde, although he does says he's cautious on the outlook short term and trims estimates mainly for 2015.

"Generally, the next 12 months are pivotal for UKM with its new hub coming on-stream. This should deliver significant benefits and further improve competitiveness," he said.

The target price is lowered to 620p from 700p.




http://www.proactiveinvestors.co.uk/columns/broker-spotlight/17615/broker-spotlight-including-uk-mail-rbs-british-american-tobacco-and-itv-17615.html

Buy UK Mail on record parcel numbers

UK Mail says that the parcel delivery business delivered record Christmas volumes

the company is still on target to hit full-year, pre-tax profits of £22.5m, giving earnings per share of 31.2p


By John Ficenec, Questor Editor

8:00PM GMT 17 Jan 2015


UK Mail
500p
Questor says BUY


The demise of parcel delivery firm City Link was good news for rival operator UK Mail [LON:UKM]. The company last week announced record volumes of parcels during the vital Christmas period.


Shares in UK Mail jumped more than 7pc last week as the delivery company said it had taken on ex-City Link customers.


UK Mail shares have now gained more than 18pc in the past three months. This could mark a turning point for the company which saw its shares tumble almost 25pc last year as investors shunned small-cap companies.


The company was rocked by fears for parcel delivery after Amazon launched its own delivery service. This is significant because parcels contributed about 60pc of the group’s profits and about 40pc of the revenue. UK Mail shares peaked at 715p in Febraury last year before falling as low as 380p in October.

In the most recent detailed update for the first half ended September 30 trading was in line with market expectations. Revenue down 1pc to £241.4m and pre-tax profits of £11.4m, down from £11.9m last year.

Guy Buswell, chief executive, said the company is still on target to hit full-year, pre-tax profits of £22.5m, giving earnings per share of 31.2p, increasing to 36.0p next year.

The shares are trading on 15 times forecast earnings and we upgrade to a buy.

Why I Would Buy UK Mail Group PLC But Sell Vedanta Resources plc And Enquest Plc

http://www.fool.co.uk/investing/2015/01/20/why-i-would-buy-uk-mail-group-plc-but-sell-vedanta-resources-plc-and-enquest-plc/

some strange goings on....any thoughts?

Trading Statement
RNS
RNS Number : 3804V
UK Mail Group PLC
07 August 2015

7 August 2015

UK MAIL GROUP PLC

("UK Mail" or the "Group")



TRADING STATEMENT



As stated in its preliminary results statement on 20 May 2015, UK Mail is in the midst of a period of major investment and transition. Whilst the longer term opportunities for the Group are substantial, the first half of the current financial year was expected to be challenging.

It is now clear that the near-term challenges and their impact on the current year's performance are more significant than anticipated.

The Group has now completed the move of its Birmingham hub and head office to a new, fully-automated facility in Coventry, with the relocation contract with HS2 expected to complete on the 10th August 2015.

While parcel volumes for the first four months of the new financial year were some 4% ahead of the comparable period last year, the move has caused a greater level of customer churn and loss of volume than anticipated, with an associated adverse impact on parcels revenue mix. In addition, a greater than anticipated proportion of current parcels volumes is incompatible with UK Mail's new automated sortation equipment, resulting in additional operating costs and therefore a delay to the full benefits expected from automation.

Management is taking action to resolve these issues, and the Group remains satisfied that the anticipated financial and operational benefits from the new hub and increased automation will be achieved in the medium term.

The Group's Mail business continues to perform well, with volumes up by some 6% during the first four months of the new financial year, representing a further increase in UK Mail's share of the access mail market. The Group has recently won a number of major contracts and has a good pipeline of opportunities, as a significant number of competitor contracts are now coming out to tender. UK Mail's packets initiative also continues to make good progress, with a strong pipeline of opportunities in this market.

Overall, as a result of the above factors, the Board anticipates that the Group's performance for the current financial year will be materially below current market expectations, with profit before tax (before one-off exceptional items) now expected to be in the range of £10m to £12m, and with some continuing impact into the first half of the next financial year.

Guy Buswell, Chief Executive Officer of UK Mail, said:-

"This near-term setback to our financial performance is clearly very disappointing. However we are taking decisive action to address these issues and we are confident that they can be reversed.

"The completion of our new fully-automated hub represents the largest strategic development in our corporate history and the rationale for this significant investment remains compelling.

"We continue to believe that it will make us one of the most efficient and competitive operators in our markets and, with number of significant new customers keen to use our services as a result of this investment, we remain confident in our medium and long term growth prospects."

ENDS

7 Aug Investec 485.00 Add
7 Aug Cantor... N/A Buy

Market Buzz

Fri, 07 August 2015


UK Mail receives Investec downgrade after profit warning



UK Mail Group Quote more






Price: 460.00

Chg: -70.00

Chg %: -13.21%

Date: 12:19



(ShareCast News) - Investec has downgraded UK Mail Group to 'add' from 'buy' after the postal services company issued a profit warning.




UK Mail said it expects its full-year will be materially below current market forecasts, with profit before tax now predicted to be in the range of £10m to £12m.

The profit warning comes as the company has suffered hitches with its new fully automated facility in Coventry which is struggling to cope with many of the parcel sizes, which were said to be "incompatible" with its new automated sorting equipment.

"The rate of parcel volume growth has slowed with a negative parcel revenue mix and a greater proportion of parcels volume than expected is incompatible with the new sortation equipment resulting in higher costs and lower asset utilisation," Investec analysts noted.

"Consequently, we cut our forecasts, reduce our target Price to 485p (from 535p) and downgrade to add."

Investec has cut its parcels revenue and operating profit forecasts, "assuming a slightly lower revenue per parcel due to the negative mix and higher operating costs".

The analysts' parcel volume forecast has been reduced from 5% to 3% for the full-year 2016. The parcels revenue projection has been slashed 2.1% in full-year 2016 and 2.1% in full-year 2017.

shares-hurt-parcel-pickle-Blundering-bosses-invested-20m-new-plant-t-handle-large-items.

Pre-close Trading Update
RNS
RNS Number : 2994B
UK Mail Group PLC
06 October 2015

6 October 2015



uk mail Group plc



PRE-CLOSE TRADING UPDATE



UK Mail Group plc today issues the following pre-close trading update for the half year ending 30 September 2015.



Overall Group performance is in line with our revised expectations, which take account of the near-term challenges outlined in our trading statement of 7 August 2015.



Reported Group revenues (for continuing operations) for the first half increased by some 4% compared with the same period in the previous year.



In our Parcels business, average daily volumes for the first half increased by some 8% compared to the same period last year. We are now achieving improved rates of parcels volumes growth. This increase continues to be weighted towards B2C customers, related to the growth in online shopping.



In our Mail business, average daily mail volumes were some 8% ahead of the same period last year. The Group has recently won a number of major contracts and has a good pipeline of new opportunities.



Guy Buswell, Chief Executive Officer of UK Mail, said:

"We are focused on executing the plan we have put in place to address the recent challenges associated with our Parcels business. Progress to date has been encouraging and an update on this will be provided at the interim results in November.

"We remain confident in our medium and long term prospects and in the operational benefits that our new fully-automated hub will bring, with a number of significant new customers keen to use our services as a result of this investment."

The Group intends to report its interim results for the half year ended 30 September 2015 on 18 November 2015.



- Ends -

6 Oct Cantor... 450.00 Hold
6 Oct Investec 485.00 Buy

Cantor Fitzgerald Hold 280.00 - 300.00 Reiterates

Trading Statement

RNS


RNS Number : 0805E

UK Mail Group PLC

14 July 2016




14 July 2016





uk mail Group plc



TRADING STATEMENT



"A solid start to the current financial year"



UK Mail Group plc announces the following Trading Statement covering the period 1 April 2016 to 30 June 2016.



We have made a solid start to the current financial year, with overall performance for the first quarter in line with our previous expectations.



The move of our second hub has been successfully completed, with very high service levels maintained throughout the period. We continue to make good progress with our plans to improve the efficiency of our operations.



The Group remains in a sound financial position.



The Group's Annual General Meeting will take place at 12.00pm today, 14 July.





- Ends -

UK Mail recommends Deutsche Post's 440p offer
StockMarketWire.com
UK Mail Group has recommended Deutsche Post AG's 440p-a-share cash offer. It valued UK Mail's share capital at about £242.7m.

The offer assumed UK Mail shareholders would be entitled to receive a 5.5p a share dividend.

"We have made good strategic progress in recent years, establishing leading positions in our key markets of parcels and mail, investing in additional capacity in our operations and in IT and product and service innovation," said UK Mail chairman Peter Kane.

"However, the Board believes that UK Mail will benefit significantly from becoming part of Deutsche Post DHL, and will be better positioned to continue to develop our parcels and mail businesses with the benefit of Deutsche Post DHL's greater financial and operational resources.

"Our customers will have direct access to Deutsche Post DHL's integrated global parcel network and comprehensive logistics capabilities; we will have opportunities to win additional business from Deutsche Post DHL's existing customer base; and there will be significant synergies including additional volumes flowing through our network from Deutsche Post DHL's global operations.

"Furthermore, the Offer provides UK Mail Shareholders with the opportunity to realise their investment for cash at a significant premium to the levels at which the share price has traded in recent months."



At 9:08am:
(LON:UKM) UK Mail Group PLC share price was +133.13p at 440.63p


Story provided by StockMarketWire.com