Home / Royal Mail / Fierce competition in parcels and letters sees Royal Mail's half year profits drop by a fifth

Fierce competition in parcels and letters sees Royal Mail's half year profits drop by a fifth

Shares fell more than 8 per cent to end 39.2p down at 430p after the privatised group revealed a slip in operating profits from £353m to £279m, while sales barely grew at £4.5bn.

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