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19/11/2014
Royal Mail Warns Of Uncertain Future
Royal Mail has recorded a fall in profits in the six months to September, standing at £218m, which is down from £233m for the same period in 2013.
Announcing the figures, the company also warned that increased competition could see it steadily lose more money – it has estimated that £200m could be wiped off sales by the rise of delivery firm Whistl, previously known as TNT.
It also said that its Universal Service – a government-mandated service which guarantees a single price postal service to all UK addresses – is under threat.
The company's financial statement shows the their UK parcel delivery revenue fell by 1%. However, its international parcel delivery service, GLS, rose by 7%.
(MH/CD)
Announcing the figures, the company also warned that increased competition could see it steadily lose more money – it has estimated that £200m could be wiped off sales by the rise of delivery firm Whistl, previously known as TNT.
It also said that its Universal Service – a government-mandated service which guarantees a single price postal service to all UK addresses – is under threat.
The company's financial statement shows the their UK parcel delivery revenue fell by 1%. However, its international parcel delivery service, GLS, rose by 7%.
(MH/CD)
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Profits More Than Double At Royal Mail
An increase in parcel deliveries is being credited with helping more than double annual profits at Royal Mail. New figures show that in the 52 weeks to March operating profit jumped to £403m, up from £152m the previous year. Its UK parcels and letter unit saw profits increase to £294m, up from £33m the year previous.
Profits More Than Double At Royal Mail
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21 May 2014
Royal Mail To Trial Sunday Parcel Deliveries
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A pilot scheme of Sunday parcel deliveries is to be trailed by Royal Mail, due to the demand for goods ordered online. A date when the trial will start has yet to be decided, but Royal Mail say that up to 100 postal offices will open seven days a week to allow people to collect parcels.
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