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 […]
Royal Mail’s European parcels division remained the business’s driving force in the nine months ended 24 December 2017, while its UK letter volumes and turnover continued to dwindle.
John Lewis has awarded a three year contract to Hermes, which will see the parcel carrier handle 48-hour home deliveries for parcels under 15kg. Parcels will be collected from the retailer’s regional depots six days per week and delivered to Hermes’ national hub in Nuneaton, Warwickshire, where they will be sorted. They will then be transported to one of Hermes’ regional depots and distributed to customers via one of its 7,500 couriers across the UK. The firm, who handle a […]
Around 1,000 warehouse staff at five Argos DCs are set to strike for 24 hours tomorrow (4 July) in a dispute over terms and conditions, union Unite has claimed.