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The latest research report on Global Couriers and Messengers Market was conducted across a variety of industries in various regions to provide a report that has data surpassing 100+ pages. The report offers a mixture of qualitative and quantifiable information focusing on aspects such as key market developments, industry and …

Delivering parcels and letters to every address in the UK piled up losses of £180 million for Royal Mail during the spring and summer. The privatised postal operator said the extent of the losses showed that the universal service obligation, delivering nationwide on a one-price-goes-anywhere basis, had to end. The …

Royal Mail has revealed revenues from parcel deliveries overtook letters for the first time as it hiked its sales outlook thanks to a boom in online shopping during the pandemic. Shares in the group rose as much as 9% as it said full-year revenues at Royal Mail could now be …

Issued on: 19/11/2020 – 12:30 London (AFP) British postal operator Royal Mail on Thursday said revenue from parcel deliveries has for the first time overtaken that from letters in the wake of the pandemic. Reporting results for its first half, or six months to the end of September, the former …

Royal Mail’s revenue from parcels has overtaken its revenue from letters for the first time as online shopping has surged during Covid-19 restrictions. Parcel deliveries accounted for 60% of the company’s revenue, up from 47% before the pandemic. The postal service’s revenue grew by 5% year on year in the …

Scotland’s spending recovery since lockdown lifted in July has remained strong, with spending in October up 8 per cent on the same period last year despite tougher restrictions in place across the country. The latest Bank of Scotland Spending Power Report also recorded a third successive monthly increase in spending on non-essential …

* Royal Mail raises annual revenue estimate * Shares up 7% at near two-year high * H1 above initial expectations in many areas (Adds background on restructuring, labour dispute, shares) Nov 19 (Reuters) – Royal Mail raised its full-year revenue outlook on Thursday, as it benefited from a surge in …

Royal Mail has tumbled to a first-half operating loss, but hiked its sales outlook amid a boom in parcel deliveries as online shopping surges during the pandemic. The group reported a £20 million operating loss for the 26 weeks to September 27 compared with earnings of £61 million a year …

Royal Mail said that on its busiest day it processed 2.5 million tracked parcels while its international parcels business, GLS, also saw increased volumes, “in particular as China emerged from Covid-19 restrictions and economic activity increased early in the period”. Source link

Three things you need to know in the financial markets this morning from investment writer, Tony Cross. Royal Mail Half year numbers from Royal Mail [LON:RMG] this morning showed a marked uptick in revenues. Digging a little deeper shows some very interesting patterns, with income from letters down 20.5% but …