Festive season key for Royal Mail

Holiday trading is make or break after patchy first half
Thursday 24 Nov 2016 Author: William Cain
Half-year results at Royal Mail ( RMG ) were a little softer than expected but the UK’s market-leading mail service still looks like a winner to us. Adjusted operating profit, a measure of Royal Mail’s underlying business profitability, fell 5% to £262m in the six months to 25 September as revenues declined in its higher margin though declining UK letters business. Analysts have left earnings estimates unchanged because profitability...

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