Royal Mail saw annual underlying earnings rise to £5 million, up from £2 million a year earlier, as revenues lifted 2.6% to £8.4 billion.

Royal Mail saw annual underlying earnings rise to £5 million, up from £2 million a year earlier, as revenues lifted 2.6% to £8.4 billion.

Royal Mail has seen its revenue jump as it shook off rising employment costs and declining letter volumes.

Royal Mail is under increasing pressure to improve service levels following an Ofcom investigation

Royal Mail’s operating profits dropped to £96 million in the year to March 31, down from £198 million the previous year.

Parent company International Distribution Services (IDS) said the UK business saw profits plunge to £96million in the year to the end of March from £198million over the previous…

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