Ofcom has announced a “fundamental review” into the regulation of Royal Mail, after the withdrawal of Whistl’s final mile delivery service left it without a major competitor in the postal market. In 2012, new regulations gave Royal Mail more freedom to set its own prices, to protect it from rivals in a competitive market. The removal of that competition, however, sees the company gain an effective monopoly on the UK postal market again, which may require new regulation to ensure […]
A quarter of internet shoppers have a next-day delivery subscription, Royal Mail has found, and warned retailers that they must keep up with demand for fast, free delivery to retain their customers.
As reported by MT earlier this week, the Communication Workers Union (CWU) has today confirmed it will ballot members for industrial action over a host of issues including pensions at Royal Mail.
Price increases and a rise in parcel volumes have contributed to Royal Mail Group’s continuing rise in annual profit and turnover, the firm said today.