Search results
Results From The WOW.Com Content Network
The act allowed for up to 90% of Royal Mail to be privatised, with at least 10% of shares to be held by Royal Mail employees. [9] As part of the 2011 act, Postcomm was merged into the communications regulator Ofcom on 1 October 2011, with Ofcom introducing a new simplified set of regulations for postal services on 27 March 2012. [10]
The act enabled the British Government to sell shares in Royal Mail to private investors and includes the possible mutualisation of the Post Office. The act allows private buyers to own up to 90% of Royal Mail, with Royal Mail staff being offered at least 10% of the shares of the company. [1]
The £3.6 billion ($4.6 billion) deal, which International Distribution Services accepted in May, has raised concerns about the fate of thousands of Royal Mail employees, as well as the future of ...
The sale of Royal Mail's parent company to a Czech billionaire has been cleared by the government. The £3.6bn takeover by Daniel Kretinsky's EP Group has been given the go-ahead after agreeing ...
The British government has been granted a golden share in the recently-sold Royal Mail in a bid to keep it in the UK. Royal Mail’s sale to Czech billionaire Daniel Kretinsky’s EP Group was ...
Royal Mail staff are to be offered the remaining 10% shares with the Government to take on the group's pension liabilities. [3] The changes were enabled by the Postal Services Act 2011 . As part of the plans, the roles fulfilled by Postcomm were absorbed into the communications regulator Ofcom from 1 October 2011.
Penny Post Credit Union Limited is a savings and loans co-operative established by a joint project with the CWU in 1996, as Royal Mail Wolverhampton and District Employees Credit Union, it became Royal Mail (West) Credit Union in 2000, before adopting the present name in 2001. [105]
Shares in the Royal Mail fell by almost 10% on Thursday as the group warned about the industrial relations environment and UK economic uncertainty.