The government hopes to give Royal Mail access to the capital it needs to move on its privatisation plans this financial year, business minister Michael Fallon has said. Fallon said that selling shares in the company will give Royal Mail future access to the finance it needs, but it does not intend to sell the firm “cheaply”. In a speech to the Policy Exchange last night (29 April) Fallon also said an initial public offering (IPO) would be the government’s […]
A quarter of SME online retailers plan to focus on improving their delivery and returns processes in 2013 as the sector becomes more competitive. A study commissioned by Royal Mail revealed that small online retailers will prioritise improving their delivery and returns services above improving the range and quality of products they sell and pricing more competitively. Over half of the small e-tailers questioned saw an increase in sales last year. Some 64% are confident that sales will rise in […]
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.
The Communication Workers Union has accused Royal Mail’s court action against a planned strike as a “desperate delaying tactic” and claimed industrial action is “inevitable”, after the High Court ruled the scheduled walkout to be unlawful yesterday.