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TNT Plan 'Cuts £200m From Royal Mail Revenue'

Royal Mail has warned that delivery plans by rival TNT could reduce its revenue by £200m in coming years. It said TNT Post UK's expansion strategy would cost it £200m in the 2017/18 financial year. It told regulator Ofcom that "absent intervention" would risk damaging its ability to reach a pre-tax profit margin of 5% to 10%. Direct deliveries from rivals undermine the universal service because …

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