Whistl saw a leap in pre-tax profit in its first full-year results since the MBO that saw it separated from its PostNL origins. For the year ended 31 December 2016, Whistl recorded pre-tax profit of £8.4m; a 145% increase on 2015’s loss of £18.7m. Chief executive Nick Wells said this was a result of the hit Whistl took from the collapse of its final mile delivery operation, which cost the business £10m before its investor LDC withdrew. Wells told Motortransport.co.uk […]
Royal Mail’s share price has continued to climb since conditional trading began on the London Stock Exchange on Friday (11 October).
Royal Mail and the Communication Workers Union (CWU) have revealed the details of their agreement which has ended the lengthy dispute between the two parties.
Royal Mail has said it delivered a “resilient performance in challenging markets” despite its group profit falling by a third in the last year.