Royal Mail: scared of the competition?


 

Today the Royal Mail issued a turnover warning – blaming competitive pressures on a fall in its UK parcels business. It’s worth putting this rather astonishing comment into perspective. One of the newly privatised Royal Mail’s strategic priorities, in fact its first priority, is “Being a Successful Parcels Business”. It wants to “maximise the proportion of UK traffic we can handle profitably”. Letters is a declining market and, hamstrung by the need to provide a universal service, Royal Mail is […]