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Royal Mail is required by law to maintain the universal service, whereby items of a specific size [72] can be sent to any location within the United Kingdom for a fixed price, not affected by distance. The Postal Services Act 2011 guaranteed that Royal Mail would continue to provide the universal service until at least 2021. [73]
International Distribution Services plc (formerly Royal Mail Limited, Royal Mail plc and International Distributions Services plc) is a British company providing postal and courier services. The UK government initially retained a 30% stake in the company, [ 4 ] but sold its remaining shares in 2015. [ 5 ]
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]
British Empire portal; United Kingdom portal; This category is meant for both individual appointments and collective bodies, such as guard corps, that are part of the civilian, military or ecclesiastical household of the British monarchy, including those specific to either England or Scotland, both professional and occasional.
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Thompson was a non-executive director of Royal Mail until May, 2023 when he resigned from the role following industrial action that took place in response to a cost-cutting and restructuring plan. [ 3 ] During the Covid-19 pandemic, he was managing director of the Test and Trace App, a key element of the U.K. government's widely-criticized £37 ...
Post Office Limited, formerly Post Office Counters Limited and commonly known as the Post Office, is a state-owned retail post office company in the United Kingdom that provides a wide range of postal and non-postal related products including postage stamps, banking, insurance, bureau de change and identity verification services to the public through its nationwide network of around 11,500 ...
Reed Employment floated on the London Stock Exchange on 13 January 1971, at an offer price of 12s 6d, a price/earnings ratio of 13.1 and a yield of 4.4%. Alec Reed retained a third of the company, having given a further third to his three children and floated the remaining third (1.3 million shares, for just over £10.97m in 2014 terms).