Royal Mail

BELEAGUERED Royal Mail workers are facing the axe again after their bosses revealed a £120million loss. The slump – in the letters and parcels business – follows a huge drop in the number of people sending post. More: continued here

Man 'found Royal Mail bike at Lincoln bus station'This is LincolnshireA MAN who stole a Royal Mail bike said he found it at Lincoln bus station. Johannes Einhaus, 36, of St Rumbold's Street, Lincoln, was stopped by police as he rode through the city. Jim Clare, prosecuting, told Lincoln magistrates: …

Westhill sorting office will stayDonside TodayEric Davidson, from Royal Mail, told the meeting: “We are staying where we are. We have agreed a deal to renew the lease on the building. The health and safety issues have been resolved and we have carried out the necessary risk assessments. …and more » …

Telegraph.co.uk New Postal Services Act is a chance to free up Royal MailTelegraph.co.ukThe Royal Mail is in "significant financial difficulty" according to Moya Green, its chief executive. It lost the Government £258m last year, represents net liabilities to the taxpayer of £3.1bn and is spending cash it doesn't have to …

BBC News Royal Mail to cut jobs after profits plungeHerald ScotlandA HUGE slump in the number of people sending letters and parcels has lost Royal Mail around £2 million a week as people rely on email and text messages to communicate. The nation's daily postbag has fallen from 80 million …

Royal Mail dives 80% on post and pension blowsEvening StandardRoyal Mail's profits have slumped 80% to £39 million as the number of letters sent in Britain continues to slide. The state-owned company said it was "in significant financial difficulty" because of the decline in postal volumes and the huge cost …

David Prosser: Who would want to buy Royal Mail?The IndependentOutlook In getting through legislation for the privatisation of Royal Mail last week, the Coalition Government achieved a success that has eluded its predecessors for the best part of two decades. And that was the easiest part of the process. … …

Profits collapse at Royal Mail as post volume fallsCITY A.M.Royal Mail has reported an 80 per cent slide in profits to £39m driven by the decline of its mail business. Total revenues for the group fell to £9.2bn mainly due to a four per cent dive in its letters and …

The challenges facing potential buyers of Royal Mail were laid bare yesterday when the state-owned postal operator revealed that its letters and parcels and international business had fallen to a £120m loss over the year to April from a £20m profit a year ago. More: continued here

The Strange Tale Of UK Postal LiberalisationHell MailAs a 'strange tale' the position Royal Mail now finds itself in takes some absorbing. We have effectively seen it destroyed apparently by the onslaught of technology, lack of attention by government, forced competition and arguably poor management. … More: continued here