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. […]
The DfT will offer longer semi-trailers on a first come, first served basis before next year, after admitting the current timescale for getting the trial’s 1,800 units onto the UK’s roads will not be met.
Royal Mail Group has warned of overcapacity in the parcel market, which is leading to downward pressure on pricing, despite it handling over one billion items in a financial year for the first time.
Early indications suggest that the larger 15.65m longer semi-trailer size is proving a more popular option than its 14.6m counterpart in the Department for Transport’s (DfT) ten-year trial of the new lengths, announced last December. According to the DfT, “two or three” companies have returned their allowance of the smaller 14.6m design and MT has learnt the government is now permitting firms to swap allocations them between themselves, or even give them away as long as no business trials more […]