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Ofcom not to impose price controls on Royal Mail

01 March 2017 09:54

Ofcom has determined regulatory intervention is not needed for postal company Royal Mail, meaning it would not impose price controls on its services.

The watchdog would maintain its current regulatory approach for the forthcoming five years.

Royal Mail said in a statement that it was reviewing the Ofcom document and would issue a statement in due course.

Ofcom's review came after Whistl withdrew from the UK in 2015, sparking concerns that Royal Mail no longer faced rivalry in letter delivery.

At 9:54am: (LON:RMG) Royal Mail Plc share price was -4.15p at 410.45p

Story provided by StockMarketWire.com

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