Royal Mail filed £10.5mln for failing to hit delivery targets
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Royal Mail has been fined £10.5 million by Ofcom for not meeting delivery targets in the 2023/24 financial year. This follows a previous fine of £5.6 million in November 2023.
December 13, 2024 | 8:00 am
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Royal Mail has been fined £10.5 million by Ofcom for failing to meet delivery targets in the 2023/24 financial year, marking the second fine in just over a year.
The fine indicates ongoing operational challenges for Royal Mail, which could negatively impact investor sentiment and the stock price in the short term. The recurrence of fines suggests persistent issues in meeting regulatory standards.
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