Royal Mail revenues boosted by election and rise in stamp prices
by Alex Lawson from World news | The Guardian on (#6PA8Q)
Letter revenues rose 11% in quarter, with update coming as Czech tycoon progresses takeover bid for parent firm
Royal Mail has seen its revenues rise on the back of higher stamp prices and record numbers of postal votes in the general election, despite anger over delays to ballot paper deliveries.
The postal company's owner, International Distribution Services (IDS), which is the subject of a 3.6bn takeover bid from a Czech billionaire, said that letter revenues rose 11.2% in the three months to the end of June.
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