An extract from the business section in today's Observer: ...usurping a regular postie and delivering letters to people’s homes is trickier than it looks. Anyway, it is a lesson now learned by upstart operators who supposedly fancied cherry-picking Royal Mail’s more lucrative markets by delivering mail to our doors. Last week, Royal Mail’s only real rival in this market, the ridiculously named Whistl, effectively abandoned plans to deliver to doorsteps after it couldn’t find anybody to fund its service. The announcement was terrible news for 2,000 or so Whistl employees now facing the axe but, conversely, rather welcome for Royal Mail workers worried about their jobs, and for the firm’s owners, with the shares shooting up by 3.9%.
Ian D. Richardson ● 3998d