Over eight in ten (81%) of the UK’s SME craft and design retailers are confident that their sales will continue to increase in the next year – and online marketplaces are seen as a key sales outlet, according to a study commissioned by Royal Mail.
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Royal Mail’s revenue for the year ended 25 March was up 2% to break through the £10bn barrier, driven by parcels growth.
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Royal Mail has announced that it missed its annual regulatory target for First Class mail, delivering 91.6% the next working day, against a target of 93.0%.
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Moya Greene is to retire in September after more than eight years as Chief Executive Officer of Royal Mail. Rico Back will assume the role of Group CEO and join the Board on 1 June, following the announcement of the 2017-18 Results.
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There has been speculation in the UK media that Moya Greene may be looking to step down from her position of CEO at Royal Mail in the near future.
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