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Royal Mail sees parcels revenue fall

Royal Mail warns of lower revenues from its parcels business, but says it should still be able to meet its targets for the year.

The Royal Mail faces competition in its postal delivery business, with other firms taking on some of its work.

Taxpayers may have lost out on around 1bn in undervalued Royal Mail shares and assets, a committee of MPs says.

Royal Mail reports a rise in annual operating profits to 671m in its first full-year set of results since the company floated on the stock market.

Royal Mail is to trial a Sunday delivery service for parcels in response to the increasing demand for goods ordered online.

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