Royal Mail Profit Up Amid Delivery Changes

Royal Mail posted stronger profits despite rising costs and a government tax hike, with earnings jumping to £5 million and revenue up 2.6% to £8.4 billion. But overall group profits fell 20% due to GLS’s struggles in Italy and Canada, hitting £222 million. While parcel volumes rose 7%, letter volumes dropped 10%, fueling Royal Mail’s push to overhaul its universal service. New changes include cutting second-class delivery to every other weekday and ending Saturday delivery—after union agreements. Meanwhile, Ofcom probes ongoing delivery failures, with Royal Mail missing targets again and facing a £21 million fine last year. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/9dacf433e66cacb9