Royal Mail is to make deeper cost savings across the business, as its half-year results report a 1% rise in group turnover. For the six months ended 25 September, Royal Mail saw group turnover increase from £4.39bn to £4.58bn. Operating profit (before transformation costs) dipped 5% from £342m to £320m, with adjusted pre-tax profit up 5% from £240m to £252m. UKPIL, the group’s domestic letters and parcels division, saw turnover dip 1% to £3.64bn and operating profit (before transformation costs) drop 14.8% from £290m […]
DPD chief executive Dwain McDonald has been dismissed from his job with “immediate effect” after an “internal investigation”, according to an internal email to staff.
Royal Mail parcel volumes will continue at a “significantly higher” level than in pre-Covid-19 times, according to its latest trading update.