Royal Mail Group chief executive Moya Greene said that next year “would be a good aim” for the planned sale of the firm. Although there is no definite time frame for Royal Mail to be privatised, the government hopes the firm receives the capital it needs in 2013, Greene said at the Institute of Economic Affairs (IEA) and Marketforce Future of UK Postal Services conference in London yesterday (4 December). Greene said: “I know that Her Majesty’s government would like […]
Royal Mail will begin its listing on the London Stock Exchange on 11 October, with the price per share set between 260p and 330p.
Ofcom has ruled that in order to maintain competition in the parcels sector, the cap on Royal Mail’s second-class stamp parcel service must remain.
Royal Mail Group has warned of overcapacity in the parcel market, which is leading to downward pressure on pricing, despite it handling over one billion items in a financial year for the first time.