Royal Mail is expected to reveal a doubling of profits to more than £700 million next week, as one of the big winners from the Covid-19 crisis. But, with Covid-19 forcing most people to stay at home and turn to online shopping in record numbers, Royal Mail started to reap the benefits. Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, said: 'Royal Mail is expected to deliver some bumper results as it continues to capitalise on the e-commerce boom. The boss of Royal Mail's logistics business GLS outlined his plans in March, including a greater focus on international and business-to-customer as key growth opportunities. Many will want to hear whether Mr Thompson believes the solid momentum this year can be maintained or whether significant further investment will be required.

Source: Daily Mail May 16, 2021 12:10 UTC