Royal Mail

PRESS DIGEST – Financial Times – Oct 24Reuters –2 hours agoMail volumes for Royal Mail declined by four percent over the last six months, with the amount of letters posted daily falling to around 79 million items … More: continued here

Royal Mail hit by falling volumes as economy slipsFinancial Times, UK –17 minutes agoBy John Willman, Business Editor Royal Mail is paying the price of the economic slowdown with businesses and individuals cutting their postal bills to rein … More: continued here

Special deliveryThe Herald, UK –25 minutes agoOperating profits of £177m at Royal Mail – a doubling of last year's figure – ought to be good news. Instead, the warning that the improvement was achieved … More: continued here

The Royal Mail doubled its operating profit to £177 million in the last six months, but the number of letters being delivered has fallen by five million a day, it was announced. More: continued here

IPE.com Royal Mail pension deficit hits £4bnIPE.com, UK –6 hours agoUK – Royal Mail has confirmed its pension deficit in accounting terms has increased by more than £1bn (€1.26bn) between March and September 2008, …Posties will be balloted for strikeWarrington Guardianall 2 news articles More: continued here

Metro A right Royal choice to make as the mail service goes into the blackTelegraph.co.uk, United Kingdom –48 minutes agoThe Royal Mail or the Royal Bank of Scotland? By Damian Reece Now that it looks like RBS is going to join the Royal Mail under government control, …Direct mail industry supports Royal …

LONDON, Oct 23 (Reuters) – British postal firm Royal Mail on Thursday reported a 51 percent increase in half-year operating profit after cutting costs but said the future of its loss-making universal postal service was under threat. The company said half-year operating profit rose to 177 million pounds from 86 …

Lord Mandelson may extend Royal Mail review as pension deficit soarsTimes Online, UK –25 minutes agoRoyal Mail's pension deficit has soared 25 per cent to £4 billion and is likely to jump further after an actuarial review next March. … More: continued here

Royal Mail warned of the threat of more post office closures today as it unveiled a doubling of profits to £177 million. It said that if it did not win a key Government contract – the Post Office Card Account – which is currently out to tender there would have …

Royal Mail on Thursday reported a 51 percent increase in half-year operating profit after cutting costs but said the future of its loss-making universal postal service was under threat. More: continued here