Royal Mail Sees 2020 Revenue Boost From Letter-Volume Recovery
A postal worker for Royal Mail Plc empties a postbox in Manchester.
Photographer: Paul Thomas/BloombergThis article is for subscribers only.
Royal Mail Plc raised its profit expectations for this year due to a pick-up in letter volumes, a weak spot in the company’s turnaround.
The shares jumped after the company said that recent letter volumes and revenue for the main U.K. business have been “more robust than anticipated.” Growth in the parcels business that has driven the recovery has remained strong, according to a statement Wednesday.