Royal Mail’s privatisation is complete, after the Department for Business, Skills and Innovation (BIS) said it had sold its remaining 14% stake in the business. The government said it planned to sell off its £1.5bn stake in Royal Mail in June of this year, completing the privatisation it kick started back in October 2013 with an IPO. BIS has disposed of 13% of the issued share capital at 455p per share, for a total of £591.1m. furthermore arrangements are being […]
Jesse Norman MP has taken on the role of secretary of state for roads, local transport and devolution at the DfT.
Unite has criticised Royal Mail for refusing to up a proposed pay increase, despite reporting a £608m profit in its latest results.
Royal Mail will be opening 10 temporary sort centres for the third consecutive peak to help sort the forecast high volume of parcels.