Partly Cloudy

Partly Cloudy

max temp: 22°C

min temp: 14°C

Search

The pigs have arrived. See the latest

Pigs Gone Wild

news here.

Services: Parcel revenues deliver boost for Royal Mail

10:35 24 January 2014

Royal Mail handled 115million parcels in December as the newly-privatised delivery firm continued to reap the benefit of the online shopping boom.

The company’s seasonal workload, which saw a peak of 10m parcels on its busiest day, also included a rise in stamped mail volumes as Britons remained loyal to Christmas cards for passing on festive good wishes.

Letter volumes were also boosted by the high level of mailings from energy companies following a round of price rises in the sector.

Parcel revenues were up 8% on a like-for-like basis in the nine months to December 29 after the company moved to price deliveries by size rather than weight. This meant parcel volumes were flat as a result of the loss of some large uneconomic items in the wake of the price change.

Royal Mail’s parcels division now accounts for more than half of group revenues, with the company claiming it handled significantly more parcels than any other carrier in the UK market.

Revenues from UK letters were down by 3% on a like-for-like basis in the nine-month period, although Royal Mail said this was better than the rate of 4% lower seen in the first six months of the period.

Chief executive Moya Greene said: “Our postmen and women have again delivered Christmas for the UK. We were delighted to see that people continue to send seasonal good wishes, with Christmas cards underpinning a like-for-like increase in our December stamped mail volumes.”

Royal Mail shares were flat at 588p in the wake of today’s update, having jumped from their flotation price of 330p in October.

Confidence has been boosted by a deal between the company and union leaders on pay, pensions and other issues linked to the privatisation of the postal group.

0 comments

Motorcyclist banned

A handyman has lost his driving licence after police saw him speeding on his motorbike while over the drug-drive limit.

Fraudster must now pay back £183,000

The kingpin behind internet escort and debt elimination scams which fleeced £5.7million from 17,300 victims has had the amount he must pay back reduced from £750,000 to £183,000.

Sir Stanley Rous

Sir Alf Ramsey wasn’t the only Suffolk knight to have a key role in the World Cup Final of 1966.

Team manager Alf Ramsey and trainer Harold Sheperdson (standing) watch England's victory over Germany in the 1966 World Cup

On the 50th anniversary of his greatest triumph, we are today celebrating Sir Alf Ramsey, the man who inspired both Ipswich Town and England to extraordinary levels of success and glory.

Millions of pounds are lost each year in our region due to people wasting medicines. Photo credit should read: Ben Birchall/PA Wire

Suffolk health chiefs are urging people to buy their own treatments after they spent £3.4 million on “wasted medicines” in the past year.

The 23 Parachute Engineer Regiment marched through Woodbridge Market Hill to mark 10 years of being based just outside the town at Rock Barracks.

Crowds of people lined the streets of a Suffolk town to salute locally based soldiers.

Jubilee Meadow and Orchard, in Bredfield, near Woodbridge, received Keep Britain Tidy’s Green Flag Community Award. Planting the young orchard trees on a raw March day.

A Suffolk village will be flying the standard for top quality parks and gardens after receiving Keep Britain Tidy’s Green Flag Community Award.

Police are investigating

Police have been called to Thurston Road near Bury St Edmunds this evening after a bull escaped its field and onto the road.

The Chinese restaurant fire in Halstead - image from Essex County Fire and Rescue

Firefighters were called to a blaze that broke out at a Chinese restaurant in High Street, Halstead, this afternoon.

Updated GVs of the Apex in Bury St Edmunds.

A popular Bury St Edmunds music venue could save the taxpayer £150,000 a year by raising ticket prices an average of just £2.

Most read

Most commented

HOT JOBS

Show Job Lists

Topic pages

Streetlife

Newsletter Sign Up

Great British Life

Great British Life
MyDate24 MyPhotos24