LONDON (AP) — The Royal Mail can trace its history back 500 years to the time of Henry VIII and its bright red “pillarboxes” grace streets across the UK — from the Scilly Isles to Scotland. More: continued here
UK to IPO Royal MailWall Street JournalThe selloff will create the largest employee share scheme of any British privatization for almost 30 years, with about 150,000 Royal Mail employees eligible to receive free shares. In total, employees could hold a combined 10% stake in the company. More: continued here
Postal workers to get shares in private Royal MailYahoo! NewsThe UK's coalition government laid out plans Wednesday to privatize the Royal Mail. Analysts have speculated that the company could be worth 3 billion pounds ($4.5 billion). The government plans to sell a majority stake but it has yet to decide on the … More: continued…
Cable Said to Outline Plan for UK Royal Mail Shares Sale (1)BusinessweekU.K. Business Secretary Vince Cable will today announce plans for the sale of shares in state-owned Royal Mail Group Ltd., with 10 percent of the stock to be given to staff, according to a person familiar with the proposals. Cable will set out the…
New York Times Royal Mail Employees to Get Free Shares in IPONew York TimesPlans to privatize Royal Mail have become more concrete recently when the service's finances improved and pressure to reduce the budget deficit increased. Royal Mail had struggled to compete with other postal services in an increasingly competitive …UK to list Royal Mail,…
Southampton Post Office: Mow or Let It Grow?Patch.comWhen the Southampton Post Office moved to North Sea Road a couple years ago, it included a landscaping plan that was aimed at saving money and reducing environmental impact — but was also considered by many to be an eyesore. The plan was to use … More: continued here
The iconic red delivery vans, the ones complete with the Royal Warrant, that speed off everyday in service of Britain’s Royal Mail are soon to become the property of public shareholders. The long-awaited privitisation, er, IPO of Royal Mail is officially set to happen within the next nine months. More: continued here
The Government unveiled plans for a £3bn float of Royal Mail on the London Stock Exchange, relegating efforts by private equity to buy the delivery service to a “reserve option”. More: continued here
New York Daily News Oregon toddler buys car on eBay with dad's smartphoneNew York Daily NewsFourteen-month-old Sorella Stoute has already made her first adult purchase — a 1962 Austin-Healey Sprite. While her dad wasn't looking, the little girl used his smartphone to snag the car for a clean $225 on eBay. RELATED: GIRL BILLS DAD…
United Liberty The Republican plan to cut food stamps even moreMSNBCTashawna Green's daughter Taishaun, 6, reaches into the freezer for an ice pop at her home in Queens Village, New York August 21, 2011. Green's mother Tashawna, who up until recently worked 25 hours a week at Target, is on food stamps. (Photo by …Breaking up…