The government has confirmed it will sell shares in Royal Mail on the London Stock Exchange in the next few weeks. The Department for Business, Innovation and Skills (BIS) said it intends to sell the majority of its share in the post and parcel operator, but the size of the stake will depend on market conditions at the time of floatation, investor interest and value for money for taxpayers. The initial public offering will comprise a retail offer in the […]
UK Mail Group has reported an increase in both parcel volumes and turnover in its mail business for the third quarter of its current financial year.
The dispute between Eddie Stobart and Unite threatens to run and run, after the union rejected the operator’s latest improved redundancy offer. Harriet Eisner, regional officer at Unite, said her 180-driver members were angry that the new deal did not, in their opinion, go far enough. Unite had postponed a second wave of strike action ahead of last week’s (19 October) meeting, but warned this sanction was now back on the table. Eisner added: “Unite believes that there is no […]
Union GMB is to ballot members at Bidvest Logistics after the company reconsidered the amount it was to increase employees’ pay by.