Royal Mail warns that parcel competition has hurt revenues


Royal Mail has warned that revenue in its UK parcels business was lower than it anticipated in the last three months due to competition in the market for deliveries.   In an interim statement for investors published today, the newly privatised Royal Mail said that while UK parcel volumes rose 1% in the three months ending 29 June, revenue in the division had fallen by 1%. It singled out lower export parcel volumes – a result of a strong British […]