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Prospect Mailing Services in administration

Bradford-based Prospect Mailing Services has been placed in administration six weeks after parent firm Cogent B2B bought rival direct mail business St Ives Direct Bradford for £8m.

Royal Mail shares leap 36% as CWU blasts 'greedy' private investors

Royal Mail shares began conditional trading this morning at 450p, up more than 36% on their 330p offer price.

Royal Mail privatisation kicks off ahead of CWU strike ballot

Royal Mail kicked off its initial public offering (IPO) today just as the CWU was sending out ballot papers to postal workers for strike action opposing the privatisation.

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