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Britain's government gave the go-ahead Monday for the sale of Royal Mail's parent company to a Czech billionaire, paving the way for the postal service to pass into foreign ownership for the first ...
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 & Letters) 'Royal Mail's core UK and international parcels and letter delivery businesses under the Royal Mail and Pacelforce Worldwide brands' and GLS (General Logistics ...
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]
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, [ 3 ] but sold its remaining shares in 2015. [ 4 ]
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[24] [25] The CWU criticised Royal Mail for "pleading poverty" despite having posted a full-year operating profit of £758 million two months before. [24] On 17 August 2022, CWU announced that members at Royal Mail had voted by 98.7% for further strike days over terms and conditions (adding to the separate dispute over pay) [26] on a 72% ...
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