Royal Mail’s profit warning has been met with shock by analysts who have warned that the group faces relegation from the FTSE 100 if it cannot tackle its productivity problem. In a trading update for the half year to 23 September 2018 released yesterday (1 October) the group revealed a 7% fall in addressed letters and productivity gains at just 0.1%, well short of its target of 2-3% growth. Royal Mail said the 18-month labour dispute that ended in January […]
Royal Mail has won two new contracts with British Gas, delivering mail to customers and parts and equipment to engineers.
Royal Mail has said its Christmas deliveries will not be affected by industrial action, as it reaches an agreement with the Communication Workers Union (CWU) after weeks of talks.
Whistl saw its pre-tax profit crash by more than 400% last year after ending its foray into the final mile delivery market, but predicts it will have recovered by the end of 2016.