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Royal mail. Change in leadership
Description
A Levels BUSS4 (BUSS 4) Mind Map on Royal mail. Change in leadership, created by andy.dartnell.ad on 06/09/2014.
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Royal mail. Change in leadership
transformed from a loss making state-owned business into a profitable FTSE 100 company
sold 62% of the company on the stock exchange
needed access to private capital in order to grow
government were reluctant to invest as they were trying to cut public spending and borrowing
pre tax loss of £262m in 2009 financial year
now it is £404m, up 26%
operating profit up to £144m, up from £12m the year before
traditional mail was declining 5% a year
invested in parcel delivery instead of post
use of email and social networks
165,000 staff, second largest employer in UK
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