Whistl is to take a controlling stake in its business after negotiating a deal with former owner PostNL, which is set to be signed once the details have been confirmed. The Dutch postal company, which previously held a 100% stake in Whistl, will retain a 17.5% with the rest handing over to Whistl. Whistl chief executive Nick Wells said the deal would give the company the freedom to further develop its position in the UK mail and post market. Wells […]
The ongoing threat of strike action at Royal Mail has encouraged many of its customers to switch to rival carriers, while growth in new contracts has slowed, the firm admitted in its half year results.
City Link is to extend its relationship with postal service Secured Mail from mid-February to include mail items. It already collects larger packets and parcels from businesses and the new collaboration allow it to extend the service. Secured Mail accesses Royal Mail mail centres and collects its customer’s mail. It then transports the mail back to its own hubs for sorting and then distributed nationwide, using its own fleet of vehicles for ‘final mile’ delivery. The partnership is something that […]
Royal Mail has been fined £50m by Ofcom for a “serious” breach of competition law, in which it abused its dominant market position and deliberately targeted final mile delivery competitor Whistl.