Profit fell by almost a third at Royal Mail in the first half of the current financial year, as the business invested heavily as part of its ongoing modernisation. A trading statement for the six months ending 27 September 2015 released today records a 30% decline in pre-tax profit, which fell from £167m to £116m. Revenue remained effectively flat in the period, decreasing 1% to £4.4bn (2014: £4.5bn). The group’s transformation costs, including almost 3,000 voluntary redundancies in its UK […]
Ofcom is concerned that Royal Mail could potentially cross-subsidise its parcels operation through its letters business, as its market share and delivery network is much more established in the latter.
TNT Express and Royal Mail’s international delivery arm GLS are among 20 parcel companies that have been fined by the French competition authority for price fixing between 2004 and 2010.
Royal Mail scooped the Company of the Year accolade at the Women in Logistics (WIL) UK awards last Friday (20 September) in Solihull.