Jul 18, 2017
Political mailshots ease pressure on Royal Mail
An increase in political leaflets in the run-up to May's general election helped ease Royal Mail's flagging UK business, as the company's quarterly trading update highlighted its increasing reliance on its European operation for revenue growth. The volume of letters Royal Mail delivered in the three months to June 25 fell 6 per cent on the previous quarter - despite a 1 percentage point lift from the impact of the general election. "Royal Mail has emerged as the one clear winner of last month's general election, with political mailings helping to slow the inexorable decline in UK letter volumes," said Nicholas Hyett, an analyst at Hargreaves Lansdown. Royal Mail has emerged as the one clear winner of last month's general election,. Moya Greene, Royal Mail chief executive, said the overseas business, which has made a number of acquisitions, continued to be a driving force for the group.
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