B2C parcel growth for UK Mail

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UK Mail Group has posted its latest pre-close trading update for the six months to September 30th - and it was revealed the company is now trading in line with revised expectations.

This takes into account the near-term challenges outlined in its August trading statement and reveals that growth has been particularly strong in the business to consumer (B2C) parcel sector.

Parcel volumes for the first four months of 2015 were four per cent up year-on-year, but a greater level of customer turnover has been made possible with the opening of a new automated hub in Coventry.

UK Mail chief executive officer Guy Buswell said progress since expectations were revised has been encourgaging.

"We remain confident in our medium and long-term prospects and in the operational benefits that our new fully-automated hub will bring, with a number of significant new customers keen to use our services," he commented.