Analysts have reacted cautiously to Royal Mail’s year end results, which saw the group’s turnover grow 2% year-on-year but annual profit fall by more than a third (37%). Brokerage Jefferies said the group was underperforming and estimated operating expenses would remain stable at best despite a cost drive. It added that much of the business’s future cost avoidance target of £230m rested on the success of a trial of a reduced working week agreed in the new pay and pensions […]
Enquiries about in-cab breathalysers have risen sharply since the crash on the M1 involved an HGV driver found to be over the drink-drive limit.
A quarter of internet shoppers have a next-day delivery subscription, Royal Mail has found, and warned retailers that they must keep up with demand for fast, free delivery to retain their customers.
TNT Post is to conduct a second end-to-end delivery trial from mid-April in west London, following the successful conclusion of a final-mile trial in Liverpool. The private postal operator has held long-term ambitions to roll-out a complete end-to-end service rivalling Royal Mail, but says it has been unable to achieve this goal due to the national incumbent’s exemption on final mile deliveries. Nick Wells, TNT Post chief executive, says: “TNT Post has built an excellent reputation for quality, innovation and […]