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Royal Mail 'failing to tackle' fraud

A newspaper claims conmen are using bulk mail contracts with Royal Mail to send letters to vulnerable recipients.

Royal Mail has reported a rise in parcel volumes of 2% in the three months to the end of June, although letter volumes were 2% lower over the period.

Royal Mail reports a fall annual profits and warns that market conditions remain "challenging" despite rising parcel volumes.

Royal Mail says trading for the past nine months "fully met expectations" and trading over Christmas had been "strong".

Royal Mail reports a fall in half-year profits, with revenues little-changed across its business.

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