The big event for the MT basket of transport shares – the MT Tracker – is that Royal Mail will be joining this watching brief from tomorrow. The BBC is already reporting this morning that shares will trade at the top of the price range (around 330p) giving it a value of £1.7bn. As Royal Mail’s value, and market cap, will skew the data heavily, much in the way Rentokil did before the management buy-out at CityLink back in April […]
Royal Mail will be opening 10 temporary sort centres for the third consecutive peak to help sort the forecast high volume of parcels.
Royal Mail staff have accepted a deal with the Communication Workers Union to increase pay, job security and stability, ending the operator’s lengthy dispute with the union.