The official prospectus for the flotation of Royal Mail

[RichEnigma]

Courtesy of the Guardian http://www.theguardian.com/money/2013/s ... n-applying
Here is the official prospectus for the flotation of Royal Mail, detailing the business and its outlook.

[teddybear1948]

looks almost as long as war and peace think I might give it a miss

[RobertT]

There's the long and a shorter version here:

https://employeeroyalmailshares.service ... epage.aspx" onclick="window.open(this.href);return false;

[barrowc]

Selected bits that caught my eye from the first 100-odd pages of the prospectus:

p90/447

the rationalisation of Royal Mail’s mail centre estate with 28 mail centres closed by the date of this document, four new fully modernised mail centres opened and a further five mail centres expected to be closed in FYE 2014 leaving three more to follow by the end of FYE 2016

I presume the 2014 ones are Shrewsbury, Gloucester, Cambridge, Doncaster and Hull. From stories on here, I presume Ipswich and Portsmouth are two of the 2016 ones - who am I missing?

p92/447

At the same time, the Group has worked hard with the Trade Unions to manage people costs and since 2007, cumulative average pay increases for RMG employees have been below RPI for CWU-represented employees within the scope of national agreements

p106/447

The proportion of parcels in the Royal Mail Core Network that would be suitable for automation will be dependent on the solution chosen. However, as a broad guide, approximately 80 per cent. of parcels handled by Royal Mail are deliverable on foot and would be expected to be suitable for small parcel sorting solutions