Royal Mail share price rises 35% shortly after listing begins

Royal Mail has gone all-in on a strategy based on parcels growth and international expansion to ensure its future, after its annual operating profit collapsed by more than a quarter as the decline in letter deliveries continued apace.

Operators entering the capital could be forced to retrofit larger windows in their HGVs’ cab doors at an estimated cost of £1,000 a piece, if London mayor Boris Johnson gets his way.

London Councils’ transport committee chair was unable to explain what “light touch” enforcement will actually mean during the Olympics at a select committee evidence session last week (23 May). Responding to Transport Committee member Paul Maynard’s call for clarification over the issuing of Penalty Charge Notices (PCN), Catherine West said the capital’s councils had to strike a difficult balancing act between looking after residents and keeping the city running. West said: “Certainty over regulations? Clearly the freight industry understands what […]