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 […]
Ofcom has ruled that in order to maintain competition in the parcels sector, the cap on Royal Mail’s second-class stamp parcel service must remain.
Royal Mail sees “strong growth” in parcels business as costs rise and letter volumes continue to fall
The cost of strike action and a faster than predicted fall in letter volumes could see Royal Mail make a loss next year, despite a “strong” half-year performance from its parcels business.
The Treasury has suspended the HGV Road User Levy for a year to help hauliers recover from the impact of the Covid-19 pandemic.