Royal Mail profits expected to result in 'halo effect'

[TrueBlueTerrier]

Royal Mail profits expected to result in 'halo effect' in runup to Christmas

http://www.theguardian.com/uk-news/2013 ... s-spending" onclick="window.open(this.href);return false;

Windfall profits collected by hundreds of thousands of people on their Royal Mail shares are expected to lead to an extra spending splurge in the runup to Christmas.

The market research firm Verdict said profits on Royal Mail shares together with compensation payments from mis-sold payment protection insurance would lead to a "halo effect" – making consumers think that "at last things are getting better".

Maureen Hinton, Verdict's director of research, said shoppers were expected to spend an extra £1.9bn on Christmas compared with last year. Spending in the last three months of the year is expected to come in at £88.4bn, compared to £86.5bn in the same period last year.

The forecast 2.2% rise in spending would be the strongest since the recession began.

Verdict predicted that online sales would jump 12% to £11.6bn, with Amazon named as the biggest beneficiary.

[Judgee]

Great more parcels at christmas. If last year was anything to go by I'm gonna need a lorry to do my delivery this year!