Business Secretary Vince Cable is expected to outline the flotation
in a statement to MPs. It is said the business will be valued at more
than £2bn.
In an interview with The Telegraph, postal services minister Michael Fallon says a sell-off will “give it [Royal Mail] commercial freedom and future access to capital that a company of its size needs”.
It is likely the cash injection will allow it expand its marketing services operations, the revenue from which has helped offset the decline in income from letters.
Revenue from its letters division increased by 3 per cent in the 12 months to 31 March, with an increase in addressed and unaddressed marketing mail offsetting the 8 per cent drop in the volume of letters.
Source: http://www.marketingweek.co.uk/news/dm-services-set-for-boost-as-royal-mail-sell-off-gets-green-light/4007302.article
In an interview with The Telegraph, postal services minister Michael Fallon says a sell-off will “give it [Royal Mail] commercial freedom and future access to capital that a company of its size needs”.
It is likely the cash injection will allow it expand its marketing services operations, the revenue from which has helped offset the decline in income from letters.
Revenue from its letters division increased by 3 per cent in the 12 months to 31 March, with an increase in addressed and unaddressed marketing mail offsetting the 8 per cent drop in the volume of letters.
Source: http://www.marketingweek.co.uk/news/dm-services-set-for-boost-as-royal-mail-sell-off-gets-green-light/4007302.article
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