The big event for the MT basket of transport shares – the MT Tracker – is that Royal Mail will be joining this watching brief from tomorrow. The BBC is already reporting this morning that shares will trade at the top of the price range (around 330p) giving it a value of £1.7bn. As Royal Mail’s value, and market cap, will skew the data heavily, much in the way Rentokil did before the management buy-out at CityLink back in April […]
Royal Mail has revealed that fuel costs for its fleet of 37,000 light and heavy commercial vehicles are at a record high, pushing it to introduce a fuel surcharge for the first time.
Royal Mail’s share price has continued to climb since conditional trading began on the London Stock Exchange on Friday (11 October).
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.