Royal Mail Group Ltd. has signed a deal with EDF in the UK, the UK’s leading low carbon energy producer, to deliver electric vehicle (EV) infrastructure. This will support Royal Mail Group’s commitment under the Optimise Prime Project – the world’s largest commercial electric vehicle project.
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Royal Mail has announced it will invest around £1.8 billion in UK over five years.
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Royal Mail Group has issued a nine month trading update for the period ending 23 December 2018. UK and international parcels continued to trade well but the decline in usage in UK letters has accelerated. Robin Byde, director of industries and transport research at Cantor Fitzgerald Europe has said the “sharper decline in UK letters is worrying”.
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Takeback Wednesday – returns of online purchases are predicted to increase by 80 % compared to the average number of return parcels per day in December, according to Royal Mail.
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Royal Mail Group PLC has had its target price cut by 16% by Deutsche Bank over concerns about the company’s ability to deal with the challenges it faces as it faces being kicked out from the FTSE 100 index.
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