News roundup--Royal Mail, Myprotein, Equanet, more

The government is to publish its Postal Services Bill later today outlining its plans for the privatisation of Royal Mail. Royal Mail's pension fund will not be included in the privatisation, instead, the substantial deficit will be taken on by the government, says the BBC. Also not for sale is the Post Office network.

Manchester-based sports nutrition company Myprotein has expanded its online reach to five European countries: Germany, France, Ireland, Italy, and Spain. Customers from these countries will benefit from a local-language website and euro currency pricing.

Online grocer Ocado is to open a Midlands distribution centre that will allow it to deliver to 85 percent of UK postcodes, reports the Guardian. The move will also see it create 2,000 jobs in the Tamworth area.

Argos will launch its Christmas Wish List website this week. That’s a bad thing, writes the Telegraph. 

Some 50 jobs are at risk at Dixons Retail’s business-to-business unit Equanet. Microscope reports that Equanet plans to “to restructure its teams and further reduce costs”, staff have entered into a 90-day consultation period.

Retailer Gap has scrapped its new logo after “the change prompted a public protest, with more than 2,000 comments on Facebook criticising the decision to ditch the well-known logo” writes the Guardian. Gap also faced a backlash on Twitter, where an account set up in protest collected nearly 5,000 followers.