European business continues to fuel Royal Mail

Royal Mail

Royal Mail’s European parcels division remained the business’s driving force in the nine months ended 24 December 2017, while its UK letter volumes and turnover continued to dwindle. GLS saw both its volume and turnover grow by 10% in the period, against a group revenue increase of just 2%. In a trading update, Royal Mail said growth was particularly strong in Italy, Denmark and Eastern Europe, but warned that cost pressures in some European and US labour markets could impact […]