Growth in Royal Mail’s parcels division is disappointing in the context of a booming e-commerce market, according to an industry researcher. The comment came after its annual results showed increased business performance at Royal Mail was reliant on its growing overseas division. The operator saw both turnover and volumes for its UK parcels division increase by 3% year-on-year for the year ended 26 March 2017, despite an overall decline in UK turnover. David Jinks, head of consumer research at Fastlane […]
Royal Mail’s planned privatisation will go ahead with the sale of shares through an initial public offering (IPO) this year, the government has revealed.
Price increases and a rise in parcel volumes have contributed to Royal Mail Group’s continuing rise in annual profit and turnover, the firm said today.