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The Guardian - UK
The Guardian - UK
Business
Alex Lawson

Royal Mail revenues boosted by election and rise in stamp prices

A Royal Mail worker loads vans at a delivery office
Royal Mail has faced criticism over delays to the delivery of ballot papers for those who had asked to vote by post in the general election. Photograph: Chris J Ratcliffe/Reuters

The chief executive of Royal Mail’s parent company has said it was “too easy to point a finger” at the delivery company over delays to postal votes, as it reported a rise in revenue helped by the general election.

The postal company’s owner, International Distribution Services (IDS), which is the subject of a £3.6bn takeover bid from a Czech billionaire, said letter revenues rose 11.2% in the three months to the end of June. Its sales rose on the back of record numbers of postal votes and higher stamp prices.

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