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 […]
The majority of online shoppers are unwilling to pay extra for premium parcel delivery, despite demanding greater choice and flexibility, a Hermes survey has revealed. The carrier has stressed the importance of offering a variety of delivery options, after a survey of 1,000 e-retail customers, commissioned by Hermes, found that many did not want to pay extra to cover the additional cost of evening deliveries, despite wanting access to parcels in the evening. Hermes sales and marketing director Gary Winter […]
Royal Mail is increasing prices for some of its mail contracts to help offset the impact of the decline in mail volumes and generate cost savings.