Rico Back, Group Chief Executive Officer, Royal Mail plc, said:

“Overall, trading in the first three months of our 2018-19 financial year was in line with our expectations.

“Our performance in UK letters and parcels was as anticipated and GLS continued to perform strongly. In the UK, we are making progress with the trials and initiatives under our new Pensions, Pay and Pipeline agreement. We, together with the CWU, are working with Government to enable the introduction of a Collective Defined Contribution scheme.

“Our outlook and other guidance are unchanged from that set out in our financial report for the full year ended 25 March 2018.”

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Source: Royal Mail