Operating profit at Royal Mail Group for the
first half of the fiscal year was £184 million, up 4 percent
from the previous year, “underpinned by strong progress in
our modernisation plan,” according to a release. The rise
came despite a 1.5 percent drop in group revenue, to nearly
£4.58 billion, as mail volume continued to decline. And as
the Guardian notes, Royal Mail
has “the biggest pension deficit in UK corporate
history”, estimated at £10 billion.
Half-year results for the Spicers wholesale
office products division of DS Smith rose 2.4
percent, to £359.1 for the six months ended 31st October.
Operating profit fell by 20 percent, however, to £4.4
million, due largely to declines in the UK market. According to a
statement, “The effects of the economic downturn were
mitigated by growth in market share.”
Interflora had partnered with Tesco
Direct to offer its entire product range online at
In another sort of big-brand tie-up, John Lewis
has teamed with Dell to become the only UK
source of the latter’s Adamo XPS ultrathin laptop, which sells
for £1,750, reports ITProPortal.