Highlights:
Proposed sale of Education & Care, a significant milestone in the Group's strategy
Robust continuing Adjusted profit, driven by a resilient performance in News distribution
News distribution, on track to achieve £10m of efficiencies by FY2018
Pass My Parcel - new returns services with Amazon and French Connection, and a contract with UK Mail for returns and 'failed household deliveries', expected to go live in the second half
Parcel Freight revenue growth of 5.1%, helping support £1.5m of planned investment
Good free cash flow generation after allowing for increased capital expenditure
Leverage reduced to 1.8x with a further reduction to circa 1.2x on completion of the sale of Education & Care
Interim dividend of 3.1p reflects confidence in the ongoing strength of the Group
No change in management expectations for the full year performance
