UK Mail Witnesses Rising Revenue
UK Mail Witnesses Rising Revenue

Royal Mail rival UK Mail has reported a rise in its revenues for the last three months of 2009, reporting a rise 4% year-on-year in the revenues for the period between October to December.

Revenues had started to fetch momentum from discretionary mail - or junk mail - after it took "a major hit".

Even its parcel service did benefit from the upheaval as people who would have used the postal system to deliver packages turned to specialist delivery firms.

The firm, which possesses large-scale postal clients customers such as banks and utility firms, revealed it had fetched advantage from the rising marketing mailing that had fallen off in the troubling waters of recession.

A spokesman for the firm revealed that although it did not grabbed a large proportion of UK Mail's business, yet the improvement was a welcome trend.

However, strike action by Royal Mail workers during that period had a mixed impact on business, UK Mail's chief executive Guy Buswell said.

Its parcel business was back on track of revenues growth in the quarter - the first year-on-year improvement for the division for over a year. However, volume growth was partly hampered by unceasing pricing pressure.

Profits for the year are now expected to be ahead of previous expectations, UK Mail said.

Latest News

Pinterest tweaks pins to provide more details on showcased items
South Australia’s first Apple Store to open at 10a.m. on Saturday
Samsung launches Galaxy S4 compatible TecTile 2 tags
Soaring gas prices surprise market watchers
Recon comes up with Google Glass-like product
Netflix and YouTube consume nearly half of US internet capacity: study
Google commemorates Atari Breakout’s 37th anniversary
New York AG wants leading mobile makers to help tackle problem of device theft
Amazon agrees to acquire Samsung's Liquavista business
Google all set to launch centralized gaming hub for Android: suggests leaked APK
Snapchat app stores users’ images
Verizon: Nokia Lumia 928 to be available from May 16