[ad_1] 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 state-run company said growth…
[ad_1] 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 six months to 27…
[ad_1] 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 items, with outlays on…
[ad_1] * 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 online shopping during coronavirus…
[ad_1] 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 ago, which comes after…
[ad_1] 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”. [ad_2] Source link
[ad_1] 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 parcels up by more…
[ad_1] London’s FTSE is seen 65 points lower at 6,322, Germany’s DAX is seen 124 points lower at 13,075, France’s CAC 40 down 42 points at 5,469 and Italy’s FTSE MIB 121 points lower at 21,445, according to IG. LONDON — European stocks are expected to open lower Thursday as a rally prompted by positive vaccine…
[ad_1] Shoppers may need to be more organised than ever before Christmas as some retailers are setting earlier than usual final online order dates. In recent years, online shoppers have been able to put off last-minute ordering as retailers raced to give the latest possible delivery date. However, thanks to the pandemic, this has changed…
[ad_1] RESIDENTS in one part of Wirral say they have not had any post delivered for several days. Posting in the Facebook group Wallasey Gossip, one person said: “Anyone else not had any post for about 5 days? (Liscard area).” The Liscard resident added: “[It’s my] son’s birthday on Friday and [I’ve been] waiting for…