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In 1998, Royal Mail launched RelayOne as an email to postal service system. [40] In 1999, Royal Mail launched a short-lived e-commerce venture, ViaCode Limited, aimed at providing encrypted online communications services. [41] However, it failed to make a profit and closed in 2002. [42]
Mr. Tony Benn (Chesterfield): Is the Minister aware that, for 334 years since 1660, the Royal Mail has been a public service, not only through the counters until quite recently, but through the people who called at everybody's house every day, and were a form of contact; that there is no justification for privatisation for commercial freedom ...
The government completed the disposal of its shareholding on 12 October 2015, when a 13% stake was sold for £591m and another 1% was given to employees. In total the government raised £3.3bn from the full privatisation of Royal Mail. [4] As of 13 January 2020, Royal Mail shares are trading below the issue price, as they did throughout all of ...
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(Reuters) -Royal Mail said customers splurging online during lockdowns helped profits more than double last year as revenue from parcel deliveries outpaced letters for the first time, but it ...
Royal Mail, one of the U.K.'s oldest institutions, began in the 1500s as a service exclusively for the monarch and the royal court. It became a public postal service in the 1600s.
An Act to make provision for the restructuring of the Royal Mail group and about the Royal Mail Pension Plan; to make new provision about the regulation of postal services, including provision for a special administration regime; and for connected purposes. Citation: 2011 c. 5: Introduced by: Vince Cable: Territorial extent United Kingdom ...
The group is slashing costs by more than £350m to soften the profits decline and inflation burden and warned of price rises. FTSE 100: Royal Mail shares sink after profits decline Skip to main ...