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 […]
International truck operators have been left in limbo after the French government announced a further – this time indefinite – suspension of its Ecotax road user charging scheme.
Royal Mail Group has turned a loss into a profit in its UK letters and parcels arm as it revealed details behind its strategy to develop into a more parcels-focused business ahead of its planned privatisation. The Group’s first half profit for the six months ending 23 September leapt to £99m, from a loss of £41m in the same period a year ago. This came mainly as a result of a 5.6% rise in parcel volumes which now accounts for […]
Logistics UK is warning that any attempt by the government to negate parts of the EU Withdrawal Agreement will have severe consequences for UK supply chains.