The ongoing threat of strike action at Royal Mail has encouraged many of its customers to switch to rival carriers, while growth in new contracts has slowed, the firm admitted in its half year results. As a result, the recently privatised carrier expects that parcel volumes for the nine months to December 2013 will remain broadly unchanged, depending on the strength of the Christmas peak. Its results for the six months ending 29 September 2013 show a 147% growth in […]
Royal Mail’s share price has continued to climb since conditional trading began on the London Stock Exchange on Friday (11 October).
Royal Mail is increasing prices for some of its mail contracts to help offset the impact of the decline in mail volumes and generate cost savings.
Royal Mail is to make deeper cost savings across the business, as its half-year results report a 1% rise in group turnover.