Royal Mail falls behind on turnaround plan; posts first half profit
Share:
(Reuters) - UK's Royal Mail , which is embroiled in a dispute with its largest union, on Thursday said its transformation plan to expand its parcels business internationally was behind schedule, even as it posted a first-half operating profit.The former British postal monopoly, which had announced a five-year turnaround drive in May, said it was investing more ahead of the general election and Christmas, which would impact productivity for the rest of the year.Shares of the FTSE 250 company..