Royal Mail boosted by election postal votes and stamp price hikes

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Royal Mail has seen its sales bolstered by General Election mail and stamp price hikes, despite delivering fewer letters in recent months, its parent company revealed. Whilst we are making good progress on our transformation in Royal Mail, we can't do it all on our own and we urgently need to see regulatory reform of the Universal Service Martin Seidenberg, chief executive of IDS Meanwhile, IDS said it was “unanimously recommending shareholders accept the offer” from Mr Kretinsky’s EP Group, after agreeing to a £3.6 billion takeover deal in May. On Wednesday, Mr Kretinsky vowed to maintain the service’s requirement to deliver letters six days a week throughout the UK, known as its Universal Service Obligation. “Whilst we are making good progress on our transformation in Royal Mail, we can’t do it all on our own and we urgently need to see regulatory reform of the Universal Service,” he said.