Royal Mail’s overseas division was still driving business growth in Q1 of its financial year, as letter volumes continued to plummet. For the three months ended 25 June, the first quarter of Royal Mail’s financial year, the group saw turnover growth of 1%. Its UK letters and parcels division, UKPIL, suffered a 1% turnover drop, while its overseas GLS grew revenue by 6%. Within UKPIL parcels volumes grew 5%, which the group said was driven by new contracts and growing […]
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.
The big event for the MT basket of transport shares – the MT Tracker – is that Royal Mail will be joining this watching brief from tomorrow. The BBC is already reporting this morning that shares will trade at the top of the price range (around 330p) giving it a value of £1.7bn.
Royal Mail has made an improved pay offer to its management staff, and is to hold two days of meetings with Unite in a bid to end the ongoing pay dispute.