The Independent Royal Mail sale: Small investors will be favouredBBC NewsSmall investors will be favoured in the privatisation of the Royal Mail, but those seeking a large stake might not get any shares, the BBC has learned. Anyone who subscribed for the minimum entitlement of £750 will receive 100% of their application …Royal Mail shares…
A clutch of the world's most powerful sovereign wealth funds are expected to be allocated millions of pounds-worth of shares in Royal Mail even as thousands of British investors are frozen out of the privatisation. … More: continued here
Postal service wants to close historic downtown Plant City post officeTbo.comThe Postal Service is soliciting comments on the possible closure of the downtown post office through Oct. 31. The comments will be forwarded to local and area offices and finally to the Postal Service headquarters in Washington for a final decision …and more » More: continued…
PHOTO: $75000 Texans tailgating trailer is being auctioned on eBayCBS sports.com (blog)If you're a Houston Texans fan who likes to tailgate in style and happens to have $75,000 lying around, then you might want to get on eBay before 6 p.m. ET on Thursday. That's when the auction ends for the sweet set of wheels…
Bloomberg Royal Mail IPO Oversubscribed With 700000 Retail ApplicationsBloombergRoyal Mail's privatization will be the biggest in the U.K. since British Rail was broken up in the 1990s. The IPO of the 360-year-old company, which has refocused on package-delivery markets spurred by a trend toward web-based purchasing, opened Sept. More: continued here
The Guardian Could the chatter over Royal Mail's pricing prove right?The GuardianIn the case of the Royal Mail, where the worry is that the public purse could be ripped off, the business secretary ought to know that his "froth" line will look very silly if the shares shoot to a big premium over the flotation…
ANALYSIS/OPINION: A few months ago, Washington buzzed with talk of "doing something" about the food stamp program. The congressional spotlight has now turned to the debt ceiling, but the food stamps program still merits a serious examination. It is ripe for reform. Food aid is one of the largest and … More: continued here
The Guardian Royal Mail shares 'will be priced at top of range'BBC NewsRoyal Mail's shares will be priced at 330p, valuing the whole of Royal Mail at £3.3bn, the BBC has learned. The price is at the top end of what the government was hoping for, after applications massively outstripped the number of shares on…
Has the Royal Mail been undervalued?Telegraph.co.ukInstitutional and retail investors have reportedly requested £30bn worth of Royal Mail shares, though the offer is expected to be just £2bn when the first phase of the privitisation is launched on Friday. Sources insisted that the Government intends to … More: continued here
Ministers have been holding emergency talks about the final allocation of Royal Mail shares after applications from private investors were up to seven times over-subscribed, it has been reported. More: continued here