The government is to sell its remaining stake in Royal Mail, completing the company’s journey from public-to-private road transport heavyweight. In a statement released today, the chancellor said the sale of the government’s £1.5bn stake in the UK’s largest commercial vehicle operator would start this year, completing the privatisation begun with an Initial Public Offering of shares in October 2013. The government has appointed Rothschild to advise the Department for Business on the sale. “Any transaction will be designed to […]
Royal Mail is planning a nationwide roll out of its ‘Delivery to Neighbour’ service in late September, to bring its final mile service more in line with competitors. Currently the only major delivery company not offering the service, it is awaiting regulatory approval from Ofcom, which will allow Royal Mail to deliver large parcels and items that require a signature to neighbours when customers are out. Mike Newnham, Royal Mail’s chief customer officer, says: “The results of the trial showed […]
An inquiry into competition in the UK postal sector has been launched, after calls from Royal Mail to protect it from last mile delivery competition earlier this year.
Unite has criticised Royal Mail for refusing to up a proposed pay increase, despite reporting a £608m profit in its latest results.