Royal Mail is to make deeper cost savings across the business, as its half-year results report a 1% rise in group turnover. For the six months ended 25 September, Royal Mail saw group turnover increase from £4.39bn to £4.58bn. Operating profit (before transformation costs) dipped 5% from £342m to £320m, with adjusted pre-tax profit up 5% from £240m to £252m. UKPIL, the group’s domestic letters and parcels division, saw turnover dip 1% to £3.64bn and operating profit (before transformation costs) drop 14.8% from £290m […]
Yodel has changed the partner it works with for international deliveries, enabling it to offer fully tracked international delivery.
Final mile postal workers could boycott mail handled by private sector firms in the new year, after a consultative ballot of Communication Workers’ Union (CWU) members at the Royal Mail. The union said that it had concerns that competition in the market for final mile postal deliveries, from the likes of TNT Post, was “undermining the sustainability of the universal service”. It is calling for postal regulator Ofcom to: Protect the universal service and end cherry-picking of delivery services. Maintain […]
Royal Mail and the Communication Workers Union (CWU) will appear in court this morning after the postal operator applied for a High Court injunction to prevent its employees from striking.