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. In 2012, new regulations gave Royal Mail more freedom to set its own prices, to protect it from rivals in a competitive market. The removal of that competition, however, sees the company gain an effective monopoly on the UK postal market again, which may require new regulation to ensure […]
Royal Mail will begin its listing on the London Stock Exchange on 11 October, with the price per share set between 260p and 330p.
Whistl saw its pre-tax profit crash by more than 400% last year after ending its foray into the final mile delivery market, but predicts it will have recovered by the end of 2016.