Royal Mail profits set to fall by 30pc

Royal Mail is expected to report a fall in half-year profits tomorrow as its delivery operations face increasing competition.

The FTSE 100-listed group is expected on Wednesday morning to show operating profits before transformation costs 29pc lower at about £252m for the first half ended September 30, down from £353m at the same stage last year, according to forecasts.

The 500-year-old postal service is facing increased competition from rivals DPD and TNT and the rise of retailers setting up click-and-collect services for customers.

Royal Mail is losing business to online retailer Amazon – which is also its biggest client – as the firm has established its own delivery services.

Read more: Royal Mail profits set to fall by 30pc – Telegraph.