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 […]
Regulatory approval for the multi-billion euro UPS and TNT Express merger is dependent on whether the new company would be challenged enough by its competitors, the European Commission has said. If the deal is approved, the number of major parcel delivery companies in Europe will be reduced from four to three, which the regulator is concerned will reduce the amount of competitive service customers will have access to. Joaquín Almunia, vice president of the European Commission, responsible for competition policy, […]
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.
Unite is planning on balloting several DHL Supply Chain fuel tanker drivers for industrial action at its West Thurrock depot, in a dispute over a driver who allegedly had his pay docked.