Royal Mail has gone all-in on a strategy based on parcels growth and international expansion to ensure its future, after its annual operating profit collapsed by more than a quarter as the decline in letter deliveries continued apace. In a week that saw Royal Mail unveil plans to convert post-boxes across the UK to take parcels to tap into the SME business sector, its CEO Rico Back laid out the carriers’ five-year plan at the presentation of its annual accounts. […]
Bartrums has reported a combined turnover of more than £28m for 2016, with strong growth in its road services arm.
The Communication Workers Union (CWU) has pledged to take its fight to the courtroom after Royal Mail applied for a High Court injunction to prevent postal workers taking strike action later this month.
Royal Mail sees “strong growth” in parcels business as costs rise and letter volumes continue to fall
The cost of strike action and a faster than predicted fall in letter volumes could see Royal Mail make a loss next year, despite a “strong” half-year performance from its parcels business.