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Following the IPO, 52.2% of Royal Mail had been sold to investors, with 10% given to employees for free. Due to the high demand for shares, an additional 7.8% was sold via an over-allotment arrangement on 8 November 2013. This left the government with a 30% stake in Royal Mail and £1.98bn raised from the sale of shares. [22]
Applications for members of the public to buy shares opened on 27 September 2013, [65] ahead of the company's listing on the London Stock Exchange on 15 October 2013. [66] Trading as Royal Mail, and continuing to serve as the UK's designated Universal Service Provider, the company operated through two divisions: UKPIL (UK Parcels, International ...
The United States Postal Service proposed a price increase for Forever stamps in July 2024, raising the cost from 68 to 73 cents. This follows an increase in January 2024 and marks the sixth increase since January 2021. Despite these ongoing price hikes, the United States maintains relatively inexpensive postage compared to other developed ...
— Royal Mail Help (@RoyalMailHelp) January 12, 2023 The attack is suspected to have come from a Russian-linked ransomware gang called Lockbit, the Telegraph first reported.
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“It must investigate Royal Mail’s culture of poor performance and stop letting the company off the hook over the festive season.” – Yonder surveyed 4,148 UK adults between January 6 and 10 ...
The Royal Mail strikes ended in July 2023 after workers agreed to a three-year pay deal. Seventy-six per cent of union members voted in favour of the agreement, [ 41 ] which included a ten per cent salary increase and a one-off lump sum of five-hundred pounds, in a ballot with a sixty-seven per cent turnout.
After the opening up of the industry, competitors such as Whistl and UK Mail found their place offering business postal solutions. These companies, despite being competitors to Royal Mail, hand over sorted mail to the Royal Mail for "last mile delivery" due to the sheer dominance the latter hold in a process called 'Down Stream Access'. [3]