Royal Mail warns Amazon delivery service will hit UK parcels business

Postal company cuts parcels growth forecast by more than half as it reports 21% fall in first-half profits for overall group Royal Mail has warned that growing competition from Amazon will hit its UK parcels business, as it reported a 21% fall in first-half profits for the postal group. The 500-year-old postal service, which was privatised last October, said operating profits before …

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