TNT Post opts to Whistl while it works

Royal Mail has said it delivered a “resilient performance in challenging markets” despite its group profit falling by a third in the last year.

Royal Mail’s parcels revenue has overtaken letters for the first time and now represents 60% of its entire turnover, according to the postal group.

Parcel delivery and e-fulfilment company Whistl cut its pre-tax losses by almost two thirds in 2021, according to its latest figures.