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. Presenting Royal Mail’s half-yearly results to 29 September 2019, group chief executive Rico Back revealed a 5.1% increase in the group’s revenues to £5.1bn. Pre-tax profits climbed to £173m, compared with £33m in the same period last year. The group’s UK parcels, international and letters division (UKPIL) saw […]
2) Moya Greene, chief executive, Royal Mail Is there a higher profile job in private business in the UK at the moment? Maybe some of the bank and utility bosses would beg to differ… but the woman at the head of the largest fleet of commercial vehicles in the UK has a mighty list stccked in her in-tray.
Ofcom has provisionally found that Royal Mail breached competition law with the price increases competitor Whistl complained to the regulator about last year.