Royal Mail is opening eight temporary sorting centres to handle the expected rise in parcel volumes this Christmas. The centres will be dedicated to sorting a ‘significant proportion’ of the parcels handled by the firm […]
Yodel has missed its self-set target of delivering a first ever profit in its most recently completed financial year, according to newly published accounts.
Ofcom is concerned that Royal Mail could potentially cross-subsidise its parcels operation through its letters business, as its market share and delivery network is much more established in the latter.
Having fired the starting gun on the sale of its remaining stake in Royal Mail last week, the government is out of the blocks and has sold 15% of its shareholding to institutional investors.