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 […]
Royal Mail employs approximately 141,000 employees and needs a constant flow of new recruits to join the business at all levels. Nadine Kemp, senior people business partner – central logistics teams – at Royal Mail, is a big fan of the Think Logistics programme to get the message about career opportunities in logistics to students at schools and colleges.
Vehicle transporter Autologic’s shares have today been delisted from the Alternative Investment Market following its takeover by Stobart Group. Stobart Group made its formal £12.4m offer for Autologic in June, having been in talks since May. The ability of Autologic to use Stobart Rail infrastructure to reduce the level of empty running endemic to the car transporter sector, as well as the benefits of access to Stobart’s storage sites, were both cited as reasons why the deal made sense. Stobart […]
Royal Mail managers are to increase the level of industrial action being taken over a long-running pay dispute.