Royal Mail parent International Distribution Services said on Thursday that it was still targeting an adjusted operating profit for the year, as it announced the appointment of Martin Seidenberg as its new chief executive officer. In an update for the three months to the end of June, the company said …
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Postal service Royal Mail said on Wednesday that revenues had sunk 11.5% year-on-year during the first quarter of its trading year, reflecting weakening retail trends, lower test kit volumes, and a return to a structural decline in letters. Royal Mail stated it had delivered an adjusted operating loss of £92.0m …
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Royal Mail said it expected a rise in first half profits despite rising costs as the pandemic-driven boom in parcel delivery from online shopping continued to drive revenue growth. The letter and parcel carrier said revenues climbed 8.2% to £5.1bn in the five months to August. It added that it …
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