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Royal Mail delivers growth warning

Revenue at the UK business – UK Parcels, International & Letters (UKPIL) – was flat at £3.7 billion, but operating profit before transformation costs slumped by over a quarter to £219 million. Within that, the real problem is parcels where revenue fell 1% to £1.46 billion. And Amazon's (AMZN) own …

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Royal Mail Profits Fall 21% In Parcels Battle – Sky News

Royal Mail Profits Fall 21% In Parcels BattleSky NewsIts share price fell 8% during morning trading in the wake of the projection. Royal Mail also demanded "urgent" action to address the future of its universal service mandate, citing threats posed by rival firms. It said it was stiff competition that …

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