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 […]
Talks between DVSA management and Prospect and Public and Commercial Services (PCS) unions at arbitration service ACAS appear to be bearing fruit. Both unions have pledged to suspend all industrial action for the duration of the talks, with DVSA promising not to take disciplinary action against staff who refuse to follow work practices that are in dispute.
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, […]
TNT Post has found its postal delivery practices being called into question after BBC London News reported on a member of the public finding piles of confidential post dumped in a bush last month.