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. […]
Ofcom has announced a “fundamental review” into the regulation of Royal Mail, after the withdrawal of Whistl’s final mile delivery service left it without a major competitor in the postal market.
Royal Mail Group chief executive Moya Greene said that next year “would be a good aim” for the planned sale of the firm. Although there is no definite time frame for Royal Mail to be privatised, the government hopes the firm receives the capital it needs in 2013, Greene said at the Institute of Economic Affairs (IEA) and Marketforce Future of UK Postal Services conference in London yesterday (4 December). Greene said: “I know that Her Majesty’s government would like […]
DHL, FedEx and Royal Mail have been named among the top 20 strongest business brands for the second year running in the annual ‘Superbrands’ league table.