Royal Mail will begin its listing on the London Stock Exchange on 11 October, with the price per share set between 260p and 330p. The Department for Business, Innovation and Skills also revealed that it intends to make between 401 million and 522 million shares available in total for public and institutional investors. It said 70% of the base offer will be available to institutional investors, with the deadline to apply for shares set for 8 October. Royal Mail chief […]
Parcel locker firm InPost UK launched yesterday (22 April), with the roll out of 100 lockers nationwide and a further 100 waiting for installation.
Hermes has revealed that each of its ParcelShops handled an average 60 parcels a week in the run up to Christmas, as more than 60,000 parcels were moved through the network during the festive period. The carrier has also hit its target of opening 1,000 ParcelShops by the end of 2012, just five months after launching the service in June 2012 with 500 locations. A spokesman for the firm said: “The volumes for ParcelShop are running ahead of expectations and […]
APC Overnight saw record 30% increase in year-on-year volumes over the Christmas peak, the parcel network said. To keep up with demand, the network increased trunk levels by 35% compared to 2011’s peak figures and fleet numbers increased by 20% across its network of 115 depots. Chief executive Syed Ziaullah said it began holding regional meetings in September to plan for the peak and sent out delivery predictions to each depot to help them plan for the volume uplift. Staffing […]