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. […]
With volumes and demand on the up, 2012 has been a year of change for parcel carriers. But adjusting to the increase in demand in a competitive market has been easier for some than it has for others. Motortransport.co.uk looks back at some of the biggest stories in the parcel market during the past 12 months. UPS agrees TNT takeover bid Parcel giant UPS’ planned acquisition of TNT Express was one of the most talked about stories in the parcels […]
The government has rejected the idea of extending student loans for funding licence acquisition, saying it was “not appropriate”.
Rising parcel volume almost offset the fall in Royal Mail‘s letters volume, a trading statement for the nine months ended 27 December 2015 said.