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August 04, 2015 8:17 PM ET

Air Freight and Logistics

Company Overview of Royal Mail plc

Company Overview

Royal Mail plc provides postal services in the United Kingdom and other Europe. The company operates in two divisions, UK Parcels, International & Letters (UKPIL); and General Logistics Systems (GLS). The UKPIL segment engages in core UK and international parcels and letter delivery businesses under the Royal Mail and Parcelforce Worldwide brands. It provides services for the collection, sorting, and delivery of parcels and letters. This segment also sells Royal Mail product, such as stamps and philatelic items through its network of post office branches, as well as offers media and marketing mail services. The GLS segment operates ground-based parcel delivery networks in Europe comprising t...

100 Victoria Embankment

London,  EC4Y 0HQ

United Kingdom

Founded in 2013

160,518 Employees

Key Executives for Royal Mail plc

Chief Executive Officer, Executive Director and Chairman of Chief Executive's Committee
Age: 61
Total Annual Compensation: $943.0K
Chief Financial Officer, Executive Director, Member of Pensions Committee and Member of Chief Executive's Committee
Age: 52
Total Annual Compensation: $813.0K
Compensation as of Fiscal Year 2015.

Royal Mail plc Key Developments

Royal Mail plc Appoints KPMG LLP as Auditor

Royal Mail plc announced at the annual general meeting held on July 23, 2015, appointed KPMG LLP as a Auditor.

Government To Sell Further Stake in Royal Mail

After already selling 15% stake in Royal Mail plc (LSE:RMG), Chancellor George Osborne announced in the budget on Wednesday that he intended to sell the remainder by April next year.

Update On Sale Of Government Stake In Royal Mail

U.K. Business Secretary Sajid Javid overruled his most senior official to insist that staff at Royal Mail plc (LSE:RMG) should get up to 1% of the company as the government sold down its remaining stake. Martin Donnelly, permanent secretary at the Department for Business, Innovation and Skills, wrote to Javid on June 11, 2015 the day the sale was announced, saying he wasn’t persuaded giving away the shares represented good value for money and that he’d need a written instruction before he went ahead.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 5, 2015
Croydon Royal Mail site
Merger/Acquisition
March 25, 2015
Royal Mail plc, Sorting Office in Campbell Street
Merger/Acquisition
February 23, 2015
StoreFeeder Ltd.
 

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