Wednesday 31st March 2021
Royal Mail announced the return of dividends yesterday and reaffirmed an expected operating profit of £700 million for the 2020-21 financial year. Sussanah Street, senior investment and markets analyst at Hargreaves Lansdown, joins phil to talk about the potential for the business, with growth focused on its international business. So how will it cope with parcel competition in the local market.
Also today, Deliveroo list on the London Stock Exchange. Whatever happens I the first few hours of trade, there have to be concerns about the viability of the business in the long term. First, there’s the distinct possibility that they could face the same sort of court ruling as Uber at some point, but, more fundamentally, their Prospectus makes some questionable claims about the size of the contestable market for food delivery services.
In the US you can now use Bitcoin on Paypal. Is that a game changer. Phil says not. Imagine using it to buy a second hand jumper on eBay. How many decimal places will you type in as you try and transfer the money?