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| Royal Mail 'confident' after revenues rise | Royal Mail 'confident' after revenues rise |
| (35 minutes later) | |
| Royal Mail has said it is "confident" about hitting its targets after posting a 2% rise in like-for-like revenues in the nine months to 29 December. | Royal Mail has said it is "confident" about hitting its targets after posting a 2% rise in like-for-like revenues in the nine months to 29 December. |
| Parcel deliveries accounted for 51% of revenues, and chief executive Moya Greene said the firm handled 115 million parcels in December. | Parcel deliveries accounted for 51% of revenues, and chief executive Moya Greene said the firm handled 115 million parcels in December. |
| Ms Green added that the firm's financial performance to date was in line with expectations. | Ms Green added that the firm's financial performance to date was in line with expectations. |
| The postal service was privatised in October 2013. | The postal service was privatised in October 2013. |
| Shares in Royal Mail closed at 588p on Thursday, up 78% since the company was floated at 330p-a-share in October. | |
| Ms Greene said the number of parcels in December was "significantly more than any other carrier in the UK parcel market". | |
| She said the company's European parcels business was doing well after exploiting "growth opportunities in the eurozone". | |
| Letter revenue fell by 3% on a like-for-like basis, the company said, as the impact of London 2012 collectable stamp sales waned. |