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 has admitted that the threat of industrial action and the introduction of size-based parcel pricing led to volumes being flat in the first nine months of the current financial year.
Royal Mail shareholders have been advised to sell their shares in the wake of the newly announced pay and pension deal.
A quarter of internet shoppers have a next-day delivery subscription, Royal Mail has found, and warned retailers that they must keep up with demand for fast, free delivery to retain their customers.