Ofcom has ruled that in order to maintain competition in the parcels sector, the cap on Royal Mail’s second-class stamp parcel service must remain. In its Review of the Regulation of Royal Mail, Ofcom said the post and parcel company “retains a strong position in single piece and light-weight bulk parcels”, and that maintaining the cap on second class stamp parcel prices would “ensure vulnerable consumers can access a basic universal service”. Ofcom found introducing a tracked standard parcel service would give […]
Royal Mail’s planned privatisation will go ahead with the sale of shares through an initial public offering (IPO) this year, the government has revealed.
Royal Mail’s parcels revenue has overtaken letters for the first time and now represents 60% of its entire turnover, according to the postal group.
Royal Mail has won a three-year contract with book retailer Waterstones to handle delivery of all online goods.