Royal Mail earnings jump ahead of major delivery changes (opens original article in a new tab)

Royal Mail's UK division saw revenue and earnings growth despite higher staff costs, while the broader IDS group faced a significant earnings decline due to challenges in its parcel arm. The company is implementing delivery changes and expanding parcel lockers.

• Royal Mail's UK postal division reported increased revenues and earnings despite higher staff costs from government tax hikes
• IDS group saw overall earnings drop by 20% due to challenges in its GLS parcel arm
• Royal Mail is implementing delivery changes including scrapping Saturday second-class post and rolling out parcel lockers