Royal Mail is the UK’s pre-eminent delivery company and as the sole designated universal service provider, it delivers a ‘one price goes anywhere’ service on a range of letters and parcels to over 30 million addresses across the country, six days a week. It is now nearly five years since Royal Mail was floated on the Stock Exchange. Since then the company has evolved to meet the changing market demands from the growth in parcels and falling mail volumes. Royal […]
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%).
The ongoing threat of strike action at Royal Mail has encouraged many of its customers to switch to rival carriers, while growth in new contracts has slowed, the firm admitted in its half year results.