Profit fell by almost a third at Royal Mail in the first half of the current financial year, as the business invested heavily as part of its ongoing modernisation. A trading statement for the six months ending 27 September 2015 released today records a 30% decline in pre-tax profit, which fell from £167m to £116m. Revenue remained effectively flat in the period, decreasing 1% to £4.4bn (2014: £4.5bn). The group’s transformation costs, including almost 3,000 voluntary redundancies in its UK […]
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 extend its click and collect offering to all of its SME contract customers, giving them the opportunity to offer consumers the ability to collect parcels from a Post Office branch.
Having fired the starting gun on the sale of its remaining stake in Royal Mail last week, the government is out of the blocks and has sold 15% of its shareholding to institutional investors.