Ofcom has today fined Royal Mail £21,000,000 for failing to meet its First and Second Class delivery targets in the 2024/25 financial year. This is the third time Ofcom has  found the company in breach of its regulatory obligations in recent years, after we fined it £5.6m in November 2023 and £10.5m in December …

Royal Mail has been fined £21m for failing to meet delivery targets for the third year in a row and warned fines are likely to continue unless there’s an improvement. As well as failing to meet current delivery times for both first and second class mail, Royal Mail did not …

This fine is the third-largest ever imposed by the communications watchdog. Royal Mail delivered 77% of first class mail and 92.5% of second class mail on time during the 2024-25 financial year, Ofcom found. This was short of the delivery giant’s respective 93% and 98.5% targets. Royal Mail fined £21 …

The UK telecom and media regulator has today fined Royal Mail £21m, its largest penalty to date on the post and parcel group, for missing delivery targets for 2024-25. The more than 500-year-old Royal Mail has been trying to modernise operations to boost volumes, while the regulator, Ofcom, too has …

Ofcom has fined Royal Mail £21 million for significant delivery failures. The penalty follows an investigation which found that in the 2024/25 financial year, nearly a quarter of first-class post arrived late. Royal Mail delivered 77% of first-class mail on time, far below its 93% target. Second-class deliveries also fell …

Ofcom has fined Royal Mail a record £21m for late deliveries of first and second class letters, one of the largest fines the regulator has ever … Source link

The UK’s media and telecoms regulator has fined Royal Mail for delivering millions of letters late, issuing its largest penalty to date for the delivery group and the third-largest fine in the watchdog’s history. Ofcom said it was fining Royal Mail £21 million because it fell “well short” of targets …

A huge surge in tech stock valuations could spark a “collapse” triggering a wider market downturn, the IMF has warned. Source link

Royal Mail’s new locker service Image: Royal Mail/PA Wire Royal Mail has pledged to nearly double the number of parcel pick-up and drop-off points by the end of the decade as it looks to meet growing demand from online shoppers and marketplace sellers. The group is ramping up the roll-out …

Royal Mail has unveiled bold plans to nearly double the size of its out-of-home (OOH) parcel point network by 2030, aiming to reach 45,000 locations across the UK as part of a sweeping transformation of its last-mile strategy. The plans were first mooted during last week’s Leaders in Logistics Last …