Royal Mail has confirmed CEO Moya Greene will retire in September, with the boss of its GLS division taking her place from 1 June. Greene held the role for eight years, during which time she has transformed the UK’s biggest operator from an unprofitable business to a successful, listed company, and she has secured her place as one of the UK transport sector’s most respected executives. Greene oversaw the privatisation of Royal Mail in 2013, after a period of what […]
Royal Mail began conditional trading on the London Stock Exchange this morning (11 October), with shares rising in value by over a third just an hour and a half into its listing.
Ofcom has announced a “fundamental review” into the regulation of Royal Mail, after the withdrawal of Whistl’s final mile delivery service left it without a major competitor in the postal market.
Ofcom has launched a consultation on allowing Royal Mail the commercial freedom to roll out its ‘delivery to neighbour’ scheme across the UK. At present, Royal Mail is the only major UK postal company currently not permitted to deliver to a neighbour. If Ofcom makes these changes to Royal Mail’s delivery obligations, the company could leave mail items with a neighbour in the event that consumers are not in to receive them. This would avoid larger postal items, certain items […]