Royal Mail sees UK turnover fall in Q1


 

Royal Mail has revealed that its UK operation saw a 2% year-on-year decline in turnover in the first quarter of its financial year, just a day after reports that the company submitted an objection to an ongoing Ofcom investigation into its pricing regulations emerged. While the revenue in UKPIL, Royal Mail’s post and parcel operation in the UK, was subject to decline, turnover at GLS, its international operation, saw an 8% rise. Parcel revenue within the group saw a 2% […]