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 […]
Today Wincanton posted what its MD Eric Born (pictured) called a “boringly predictable” set of half year results, with a 1.6% decline in group turnover and a 2.6% increase in operating profit.
The Royal Mail board has approved the agreement broached with the Communication Workers Union to end a long-running battle over pay and pension reform.
Royal Mail is facing strike action after four weeks of negotiations on pension reforms ended in stalemate.