Royal Mail has said it will need to raise its prices and cut costs due to rising inflation and weak economic growth. In its full-year results for the 52-week period ended March 2022, the postal operator achieved revenue of £12.71bn, up 0.6% on the £12.64bn it achieved a year …
Read More »
Royal Mail has admitted it is at a ‘crossroads’ and needs to urgently transform its operations if it is to survive and thrive in post-pandemic Britain. Parcel demand and profits have fallen at the group over the past year and boss Simon Thompson’s proclamation that ‘we have no time to …
Read More »
We earn a commission for products purchased through some links in this article. Royal Mail has issued a warning over postal prices as it suggests that another major price hike could be likely amid rising costs. More people than ever are searching for how to save money …
Read More »
Today, Royal Mail Group have announced that they have managed to turn an overall profit of £758 million in the past business year. In response to this news, the reaction of many publications seems to echo what management are putting across—that this is a gloomy result, and something that should …
Read More »
ROYAL Mail has issued a statement after a worker had to be cut free from her van after a head-on crash in Herefordshire. Paramedics, police officers, fire crews and the air ambulance all responded to the crash between a Royal Mail van and a white pick-up near Kington. RELATED NEWS: Postwoman …
Read More »
The Royal Mail (LSE: RMG) share price was one of the big winners of 2020. With non-essential retailers closed for most of the year, the volume of parcels processed by the group surged, and so did its profits. For the financial year to the end of March 2021, net profit …
Read More »
Royal Mail has reached a “crossroads” in its post-pandemic life, as the lockdown boom in parcel deliveries starts to wear off and unionised staff push for better pay. The delivery firm’s annual pre-tax profits have dipped by 8.8 per cent to £662m, as the easing of Covid restrictions has led …
Read More »
Royal Mail has announced stamp costs are likely be raised again due to a post-lockdown slowdown and the surging costs of energy and fuel. The announcement comes on the heels of the last stamp price hike that went into effect on April 4. The postal service blamed ‘significant headwinds’ and …
Read More »
The FTSE 100 closed down 1.8% on Thursday, with retail companies enduring a tough day and Royal Mail–the biggest faller–closing down 12% after it posted a pretax profit decline for fiscal 2022. “A lot of today’s pain is being felt by U.K. retailers after the downgrades this week by U.S. …
Read More »
(Bloomberg) — Royal Mail Plc sees sales declining in the coming year as the British company posts fewer Covid-19 test kits and parcel volumes fall with consumers returning to shops. The historic service said the changing environment means cost savings need to be made faster, according to a statement on …
Read More »