People sorting parcels
Media playback is unsupported on your device

UK Mail boss on profits and Royal Mail privatisation

The UK's largest independent parcels, mail and logistics company, UK Mail Group, has just reported a 63% jump in half-year profits to £11.9m.

The company's chief executive Guy Buswell told BBC News it was down to a growth in the parcels business, saying: "Our volumes are up 25%."

Asked if the newly-privatised Royal Mail was now a competitor, he said: "Royal Mail is one of our biggest suppliers and we're one of their biggest customers. The privatisation will definitely make them more efficient and that's what we need."

  • 20 Nov 2013
Go to next video: Royal Mail shares rise 38%