TNT loses Royal Mail VAT action
TNT Post has lost an action at the European Court of Justice to remove the UK Royal Mail’s VAT-free status.
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Second union rejects TNT post pay cut
Members of the second-biggest postal workers union, the BVPP, have rejected a new pay deal which would have led to a cut in pay in return for job security.
Read MoreTNT expands in Singapore
TNT has opened a $20m regional hub in Singapore that will lead to faster turnaround times and seamless transfer and consolidation of both air and road-haul cargo.
Read MoreTNT expect positive operating income for Express in Q1
TNT said on 8 April it expected its key express delivery unit to post a positive operating income in the first quarter and said it was still eying a deal with Britain’s Royal Mail.
Read MoreBids for Royal Mail stake due in April
Bids for the sale of a 30% stake in Royal Mail are due in April, business minister Peter Mandelson has said, signaling the government is pushing ahead with the controversial sale.
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