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. Its UK parcels, international and letters (UKPIL) division, which encompasses its Royal Mail and Parcelforce Worldwide brands, saw year-on-year EBITDA before transformation costs jump 45% to £775m for the 53 weeks ended 31 March 2013. This compared with £533m for the 52 weeks ended 25 March 2013. Division turnover increased by 6% to £7.6bn (2012: […]
Owens (Road Services) saw pre-tax profit rise 14% last year as it invested heavily in its fleet and focused on maintaining a competitive edge.
Whistl has confirmed that it will be ending its final mile delivery service, which it suspended last month.
UK Mail Group is expecting a 13% increase in turnover for the first half of this year, as it moves into a “challenging” 2013. Excluding Royal Mail price hikes that came into force on 2 April, the group is expecting a 10% increase in turnover on last year’s figures, as revealed in its pre-close trading statement published today (9 October). The firm stated that its performance in the first half of this year, ended 30 September, was “satisfactory” and in […]