Home / Royal Mail / UK's Royal Mail warns on competition as profits rise

UK's Royal Mail warns on competition as profits rise

By Neil Maidment LONDON (Reuters) – Newly privatised Royal Mail posted a 12 percent rise in full-year profit on Thursday and said it was taking steps to address increasing competition in both parcels and letters. The UK postal firm, which had long posted financial losses until two years ago, said operating profit before "transformation" costs – such as IT investments – rose to 671 million pounds …

More: continued here

About admin

Check Also

The British commoner who could bring down Norway’s monarchy: A sperm donor secret could threaten to derail the future King – already embattled by his wife’s Epstein connections and stepson’s rape trial

Under siege from the Jeffrey Epstein scandal and facing separate accusations of rape and other …

Leave a Reply

Your email address will not be published. Required fields are marked *