Royal Mail has said it delivered a “resilient performance in challenging markets” despite its group profit falling by a third in the last year. For the year ending 27 March 2016, pre-tax profit fell 33% from £400m to £267m despite turnover increasing 1% year-on-year to £9.2bn (2015: £9.3bn). Turnover derived from GLS, its European operation, was up 9% at £1.6bn, although Royal Mail said it expected this level of growth to slow in the coming years. Turnover from UKPIL – […]
Royal Mail shareholders have been advised to sell their shares in the wake of the newly announced pay and pension deal.
As many as 2,000 Whistl employees in the UK are facing the threat of redundancy, after the company took the decision to suspend its final mile delivery service.