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. […]
R Swain & Sons boosts turnover and profits in 2018 despite impact of “Beast from the East” and Brexit
R Swain & Sons defied adverse weather conditions to boost turnover by almost a third and pretax profit by close to three quarters last year, helped by its acquisition of Express Freight in June 2018.
Profit fell by almost a third at Royal Mail in the first half of the current financial year, as the business invested heavily as part of its ongoing modernisation.