Royal Mail has warned that it will pay a smaller dividend from next year to support transformation plans, as the postal service reported a dip in underlying profits. Royal Mail has warned that it will pay a smaller dividend from next year to support transformation plans, as the postal service reported a dip in underlying profits. We have announced our five-year strategic plan: https://t.co/IpuXpcwiudWe are investing around £1.8 billion in the UK’s postal service. pic.twitter.com/iEEJMcZar2 — Royal Mail (@RoyalMail) May 22, 2019Chief executive Rico Back said: “Royal Mail is one of the most widely held stocks in the FTSE. Royal Mail also announced a clutch of new services targeting the growing trend for online shopping.

Source: Irish Independent May 22, 2019 07:15 UTC