Royal Mail revenues up one percent, sees parcel improvement

Royal Mail (RMG.L) said group revenue for the nine months to Dec. 28 rose 1 percent, marking a slowdown from the half year as an improved parcels performance was offset by fewer letters sales. Shares in Royal Mail, privatised amid much controversy in October 2013, have fallen 28 percent in the past year as its prospects have been hit by rising competition in parcels, Whistl's rival mail delivery …

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