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 signed a new contract with River Island, building on the work it already does handling the retailer’s customer returns.
Moran Logistics faces a 72-hour strike next week from a group of 100 dairy drivers – recently transferred into its employment by Arla Foods – at its Leeds depot in a dispute over pay and pensions.
Royal Mail has admitted it expects to make a loss in this financial year and won’t return to profit unless the business is overhauled to reflect a decline in letter volumes and a boom in parcel deliveries.