Royal Mail’s planned privatisation will go ahead with the sale of shares through an initial public offering (IPO) this year, the government has revealed. Business secretary Vince Cable told MPs that the IPO will include both a retail offer to allow large investors and members of the public to buy shares in the operator, along with an employee share scheme. Royal Mail employees will be allocated 10% of the shares and will be required to maintain them for at least […]
Proposals for an independent Scotland include a promise to renationalise the Royal Mail, examine a fuel duty regulator and streamline government services including Vosa.
Growth in Royal Mail’s parcels division is disappointing in the context of a booming e-commerce market, according to an industry researcher.
TNT Post said it will work with Royal Mail to ensure that final mile deliveries continue, following a vote which saw the majority of union members at Royal Mail support a boycott of competitors’ mail and packet deliveries.