A happy Christmas for UK Mail

Internet shoppers wanting home delivery over Christmas contributed to a successful third quarter for UK Mail Group, whose parcel division grew by ten per cent over the period. In line with expectations, UK Mail said reported group revenues increased six per cent compared to the previous year, while revenues on an underlying basis sank four per cent, partly due to the declining volume of access mail. The group said it “remains in a sound financial position” while remaining “cautious about the evolving market environment”.