BusinessCorporate FinanceRoyal Mail posts limited financial results

Royal Mail posts limited financial results

Royal Mail has hit back at critics accusing it of deliberately delaying the release of its accounts

It has promised to publish figures released to regulator
Postcomm by the end of this
week – but it is understood the figures do not include controversial numbers on
executive pay.

The Communication Workers
Union
said the group was delaying the publication of its accounts because it
did not want to reveal strong profitability and executive salaries during tough
wage negotiations.

But a Royal
Mail
spokesman said the group would release key figures on its website. The
filings to the regulator only include disclosure on Royal Mail’s letters
business and do not reveal overall performance.

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