Royal Mail

Britons will have to pay 30% more for a first-class stamp to help protect the country's universal postal service. More: continued here

* Royal Mail hikes standard 1st class stamp to 60p * CEO says sale likely in Q1 2014, prefers flotation * Ofcom measures designed to safeguard universal postalservice * Ofcom outlines seven year framework … More: continued here

LONDON (Reuters) – Royal Mail will be able to set prices for most of the letters and parcels it delivers under a new seven year framework, industry regulator Ofcom said on Tuesday. Royal Mail, earmarked for privatisation, made a 41 million pounds ($65.34 million) operating loss on letters and parcels …

Price of sending letter second-class could rise by as much as 53pc to 55p following regulator's decision. More: continued here

Royal Mail is to be given the freedom to set its own prices for first-class stamps and other mail, the regulator has announced. More: continued here

BRIEF-Royal Mail hikes prices following Ofcom decisionLondon South EastThe copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Datafeed and UK data supplied by NETbuilder and Interactive Data. More: continued here

Royal Mail set for Q1 2014 privatisationeuronewsLONDON (Reuters) – The privatisation of state-owned Royal Mail Group will most likely take place in the first quarter of 2014, with a flotation the main preference, its Chief Executive told Reuters. “I don't think that it is impossible that we could be … …

Procurement Leaders News UK Post Office prepares to re-procure IT managed servicesProcurement Leaders NewsThe UK Post Office is gearing up to reorganise its IT procurement operations as it prepares to spin off from the Royal Mail. Confirming the decision, the Post Office released a prior information Journal European Union (OJEU) …

Labour today raised fears that the Royal Mail will be sold too cheaply ahead of an announcement on the regulation of the industry. Ofcom will… More: continued here

Royal Mail: We had no choiceITV NewsThat service is under threat from declining volume, e-substitution and ever increasing competition. Because of these pressures Royal Mail has lost £1 billion over the last four years; the sustainability of the service is now at risk. More: continued here