Call For Privatisation Of Parts Of Royal Mail
Yet again we are hearing more calls for the partial privatisation of the Royal Mail with POSTCOMM the latest group to make such a demand. While there has been much speculation in the press of late with regards to the future direction of the company, there have even been calls for the Saturday post to be scrapped. So what does the future hold?
The problem for Royal Mail lies in the increase in costs over the last few years, the increase in competition and more and more problems with the Unions. It seems that the task of changing this dinosaur of the UK business sector will take some time and the end result will probably bear little resemblance to the company which we see now.
The latest report by the sector regulator POSTCOMM calls for either certain parts of the business to be sold off or partners from the business world to be brought in. POSTCOMM believe that a new partner would bring in a fresh outlook and strategy for the business as well as much need investment capital. Quite how this will pan out remains to be seen but the calls for change are getting stronger.
Share this..
Related stories
The Association of British Insurers changes stance on fundraisings
The ABI (the Association of British insurers) has today revised its guidance to public companies looking to raise funds from shareholders. Under the old guidelines any share issue which increased the existing share capital by over one third would require a long drawnout process resulting in a shareholder vote. However, the ABI has today revised its advice to companies and those increasing their sh...
Read MoreComplaints to water companies fall
15/09/2014 Complaints to water companies have largely fallen for their sixth year in a row, according to the water bill watchdog, Consumer Council for Water (CCWater). The number of written complaints made by customers to water companies in England and Wales fell during 2013/14 by 18 per cent – more than twice the rate of decline seen the previous year. This means written complaints are no...
Read MoreAre advertised property sale prices still achievable?
As the UK property market continues to head downwards many people are starting to ask the question, "Are advertised property sale prices still achievable?".
While not necessarily published in the open press there is evidence that a number of property sales are under discussion at prices which are significantly less than those advertised in the wider press. Despite a lack of headline...
Postal unions ramp up the pressure
Amid signs that talks between the Royal Mail and the Communication Workers Union are deadlocked, a new wave of strikes has been announced for next week. Today saw 77,000 postal workers on strike and next Friday and a week on Monday will see a total of 120,000 workers taking up the offer of industrial action. As we approach Christmas time the pressure is building on both parties but the unions appe...
Read MoreWill loyalty cards rescue the UK retail market?
Over the last few days we have seen a significant number of retail companies revamping and relaunching their loyalty cards. Tesco has spent in the region of £150 million on a relaunch of their Clubcard operation although this just appears to be the tip of the iceberg. There is a feeling among retailers in the UK that loyalty cards will not only attract more customers that they will in due course...
Read More