UPDATE - Royal Mails parcels business hit by Amazon - ---ADDS - TopicsExpress

UPDATE - Royal Mails parcels business hit by Amazon - ---ADDS DETAIL, BROKER COMMENT AND UPDATES SHARE PRICE--- Royal Mail (LON:RMG) warned today that parcels revenue this year will lower than expected, but it is doing better than expected on cost cutting. Moya Greene, the privatised postal services chief executive, said the group had seen low single digit revenue growth over the past three months. Addressed letters declined less than expected but UK parcels were a... ow.ly/2KwyV6

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