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 […]
B2C parcel carrier Hermes is launching a seven-day home delivery service, which it hopes will increase its first-time delivery rate.
UK Mail is anticipating a fall in both pre-tax profit and turnover for the year ended 31 March 2016 after the installation of incompatible technology incurred huge costs.