Home / Royal Mail / Royal Mail warns one-price-goes-anywhere universal postage service is in the red and under threat (Guardian Unlimited)

Royal Mail warns one-price-goes-anywhere universal postage service is in the red and under threat (Guardian Unlimited)

Royal Mail yesterday said its profit had more than doubled but warned its one-price-goes-anywhere universal postage service was in the red and under threat. The company said the challenge from electronic media and rival postal services meant it needed to step up modernisation while plunging stockmarkets had sent its pension fund deficit soaring. At the operating level Royal Mail Group’s …

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