Royal Mail shares hit after sharp drop in letter volumes

From the Financial Times:

Shares in Royal Mail dropped more than 5 per cent after the group reported a drop in letters delivered before the festive period as business uncertainty in the UK hit junk mailings.

Rising parcel numbers failed to make up for the chronic decline in paper-based correspondence at the postal service’s core British business, pushing the division’s revenue down 2 per cent in the nine months ending on Christmas Day.

Read the full story: Royal Mail shares hit after sharp drop in letter volumes

Comments are closed.