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 […]
Royal Mail will take on an additional 19,000 employees for the Christmas peak season, 2,600 of whom are intended for its Parcelforce operation.
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.