Royal Mail still missing delivery targets after sale to Czech tycoon Křetínský

Both first and second class mail lag behind Ofcom's target in quarterly update after EP Group's takeover

Royal Mail missed its targets by delivering nearly a quarter of first class mail late in the first update since its parent company was bought by a Czech billionaire, figures show.

The company said on Friday it had delivered 75.9% of first class mail within one working day of collection in the three months to 29 June, up from 74.2% the previous quarter but well behind the 93% target set by the regulator, Ofcom.