Royal Mail

Britain’s state postal service Royal Mail has said its annual profits slumped more than 78%. More: continued here

Privatise post-haste and regret at leisureThe GuardianGet the regulation right first A Royal Mail postbox in a rural area of Suffolk. The letters division fell into a loss of £120m, from a profit of £20m. Photograph Graham Turner for the Guardian Parliament last week passed an act to pave the …

Chief executive Moya Greene (pictured) who is on a basic salary of £500,000, said the average person was spending just £18 a year on postage. More: continued here

BBC News Thomas the Tank Engine stamps add to church fundBBC NewsA new Thomas the Tank Engine stamp collection, released by Royal Mail, is set to fund thousands of pounds worth of repairs at a Norfolk church. The late Rev WV Awdry OBE created the children's character while vicar of …

Royal Mail’s chief executive has earned £637,000 since she took up the job last July, with pension payments on top, compared to the near £2.5 million paid to her predecessor in his final year, the organisation revealed in its annual report. More: continued here

Daily Mail Royal Mail cuts more jobs as losses mountThe GuardianRoyal Mail has seen a 22% drop in volumes of letters and parcels, putting thousands of more jobs at risk. Photograph Chris Ratcliffe/Rex Features Royal Mail has warned that it will be forced to cut up to 20000 more jobs …

Royal Mail reports a sharp fall in profits, due to the decline in mail volumes and the cost of its modernisation programme. More: continued here

Tens of thousands of Royal Mail workers face the threat of losing their job after the company reported a £120 million loss in its letters and parcels business following a huge slump in the number of people … More: continued here

Modernisation programme delays postSouthend StandardA MODERNISATION programme being rolled out by Royal Mail has been blamed for residents in Thorpe Bay getting their post delivered in the evening. Elaine Bridge, chairman and chief executive of Royal Mail said that a number of new delivery practices …and more » More: continued here

Royal Mail Group has reported a big fall in profits, blaming constraints on its pricing. More: continued here