Royal Mail on track to deliver cost cuts after strong Christmas
LONDON, Jan 21 (Reuters) - Britain's postal firm Royal Mail (LSE: RMG.L - news) said it was on track to deliver its cost reduction target after it reported better than expected parcel volumes of 4 percent in the first nine months of its financial year.
Royal Mail said on Thursday it handled 130 million parcels in December alone, reflecting strong Christmas trading, which was up 6 percent from the previous year.
The company, privatised in 2013, said overall trading for the nine months ended Dec. 27 was in line with its expectations. (Reporting by Li-mei Hoang; editing by David Clarke)