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The Guardian - UK
The Guardian - UK
Business
Joanna Partridge

Royal Mail on track to return to annual profit after strong Christmas

Royal Mail IDs Martin Seidenberg International Distribution Services
A Royal Mail worker puts parcels on a conveyor at its Midlands 'Super Hub' in Daventry the week before Christmas
International Distribution Services said Royal Mail delivered more than 99% of items sent on or before the recommended last posting dates in time for Christmas. Photograph: Christopher Furlong/Getty Images

The owner of Royal Mail has said it received a fillip from parcel deliveries over Christmas, putting it on track to return to annual profit, as its £3.6bn takeover by the Czech billionaire Daniel Křetínský nears completion.

International Distribution Services (IDS) said Royal Mail delivered more than 99% of items sent on or before the recommended last posting dates in time for Christmas.

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