Royal Mail began conditional trading on the London Stock Exchange this morning (11 October), with shares rising in value by over a third just an hour and a half into its listing.Share prices began trading at 330p with a market capitalisation of £3.3bn when the listing began at 8am today. At 9.30am, the share price rose 35% to 447p. The Department for Business, Innovation and Skills revealed that the offer for institutional investors was around 20 times over-subscribed, while the […]
Ofcom has provisionally found that Royal Mail breached competition law with the price increases competitor Whistl complained to the regulator about last year.
TNT Post is giving its customers the ability to monitor the status of their parcel and packet deliveries for the first time with the launch of a track and trace system.