Advertisements
24.2 C
London
Tuesday, June 2, 2020

Royal Mail earnings hit by declining letters business

Must read

US patients given first dose of coronavirus antibody treatment

Patients have been given the first dose of a potential antibody treatment designed to fight coronavirus. Scientists developed the antibody in just three months after...

EU accused of ‘wishful thinking’ over claims UK set to compromise in trade talks

Brussels has been accused of “wishful thinking” over claims that the UK could be prepared to compromise on fishing and demands for alignment with...

EU says Russia should not be readmitted to G7 summit

The European Union has joined a growing chorus of members of the Group of Seven major economic powers to insist that Russia must not...

Poachers carry out ‘mass killing’ of six elephants in one day in Ethiopia to remove tusks

At least six elephants were killed in a single day by poachers in Ethiopia last week, wildlife officials said, the largest such slaughter in...

Royal Mail said it saw a “resilient” first half despite reporting a drop in earnings as ongoing falls in the numbers of letters being posted offset growth in parcel deliveries.

Moves to slash costs helped limit declines in underlying operating profits, down 2% to £342m over the six months to September 27.

It said new contracts helped drive a 1% rise in parcel revenues.

However, the group was hit by a 3% drop in letter sales and Royal Mail said trading conditions remained “challenging”.

Advertisements

- Advertisement -

More articles

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisement -

Latest article

US patients given first dose of coronavirus antibody treatment

Patients have been given the first dose of a potential antibody treatment designed to fight coronavirus. Scientists developed the antibody in just three months after...

EU accused of ‘wishful thinking’ over claims UK set to compromise in trade talks

Brussels has been accused of “wishful thinking” over claims that the UK could be prepared to compromise on fishing and demands for alignment with...

EU says Russia should not be readmitted to G7 summit

The European Union has joined a growing chorus of members of the Group of Seven major economic powers to insist that Russia must not...

Poachers carry out ‘mass killing’ of six elephants in one day in Ethiopia to remove tusks

At least six elephants were killed in a single day by poachers in Ethiopia last week, wildlife officials said, the largest such slaughter in...

George Floyd death: EU ‘shocked and appalled’ at ‘abuse of power’

The European Union’s top diplomat said the death of George Floyd was the result of an abuse of power and that the 27-nation bloc...
%d bloggers like this: