Having fired the starting gun on the sale of its remaining stake in Royal Mail last week, the government is out of the blocks and has sold 15% of its shareholding to institutional investors. A statement from the Department for Business, Innovation and Skills (BIS) this evening (10 June) said it was selling the 150 million ordinary shares via a share placing. Ahead of this, the government’s stake in Royal Mail was put just shy of 30%, worth around £1.5bn. […]
Growth in Royal Mail’s parcels division is disappointing in the context of a booming e-commerce market, according to an industry researcher.
The Cabinet Office has been reprimanded by the UK Statistics Authority for using unpublished and unverifiable data to refute RHA’s claims last month that export volumes plummeted by 68% in January, after the UK’s exit from the European Single Market.
The DfT has declined to confirm the contents of a document sent to transport minister Andrew Jones by Kent County Council, which reportedly calls for nearly £300m of extra funding to be put into additional infrastructure to relieve the M20 during Operation Stack.