Royal Mail’s privatisation is complete, after the Department for Business, Skills and Innovation (BIS) said it had sold its remaining 14% stake in the business. The government said it planned to sell off its £1.5bn stake in Royal Mail in June of this year, completing the privatisation it kick started back in October 2013 with an IPO. BIS has disposed of 13% of the issued share capital at 455p per share, for a total of £591.1m. furthermore arrangements are being […]
Parcelforce Worldwide is facing the threat of disruption, with Unite members set to vote on whether to adopt a ‘work to rule’ policy at the delivery firm due to a pay dispute.
Royal Mail is increasing prices for some of its mail contracts to help offset the impact of the decline in mail volumes and generate cost savings.
The FTA has welcomed proposals from local government secretary Eric Pickles that would give businesses the power to force a review of local parking restrictions they are unhappy with. Under the proposals, which went to consultation earlier this month, individuals or businesses would be able to force a council review of parking rules and enforcement by raising a petition signed by at least 50 people, or at least 10% of the residents or businesses in the affected local area. Councils […]