Government nets £750m from sale of 15 per cent stake in Royal MailCity A.M.Royal Mail's IPO in 2013 sparked an inquiry after critics suggested that with an offer price of 330p, then-business secretary Vince Cable had not achieved the best possible value for the taxpayer. However, business secretary Sajid Javid …
Read More »Market Roundup: Royal Mail delivers but FTSE dragged by energy, Greek debt – International Business Times UK
International Business Times UK Market Roundup: Royal Mail delivers but FTSE dragged by energy, Greek debtInternational Business Times UKRoyal Mail was back on top Friday to finish out a week of ups and downs for the company as the government finalised the sale of its remaining 30% stake in the …
Read More »Neil Woodford beefs up Royal Mail stake – Interactive Investor
Neil Woodford beefs up Royal Mail stakeInteractive InvestorIt's just emerged that on 11 June, superstar fund manager Neil Woodford snapped up over 2 million Royal Mail shares for his Woodford Equity Income fund. That takes his stake in the resurgent postal delivery firm to 51.6 million shares, or 5.2% of …
Read More »Ballymore makes its stamp as front-runner for Royal Mail site – Irish Independent
Irish Independent Ballymore makes its stamp as front-runner for Royal Mail siteIrish IndependentRoyal Mail announced in November that it had initiated a process to evaluate its options for its former South London Mail centre site in Nine Elms. If Ballymore is successful, it will be the first major deal secured …
Read More »WMA slams government’s latest Royal Mail disposal – Citywire.co.uk
Citywire.co.uk WMA slams government's latest Royal Mail disposalCitywire.co.ukThe Wealth Management Association (WMA) has questioned the government over its sale of Royal Mail. The trade body's criticism comes after the government sold half of its remaining 30% stake in the company to institutional investors, raising £750 million.and more » More: continued here
Read More »FTSE CLOSE: Footsie scales back gains as IMF quits Greece talks – This is Money
This is Money FTSE CLOSE: Footsie scales back gains as IMF quits Greece talksThis is MoneyGovernment share sale plans for Royal Bank of Scotland and Royal Mail saw them enjoy contrasting fortunes in London's top index today. RBS rose 2 per cent or 6.7p to 361.5p after Chancellor George Osborne's …
Read More »Broker spotlight – Royal Mail, Debenhams, Petra Diamonds, Ted Baker … – Proactive Investors UK
Broker spotlight – Royal Mail, Debenhams, Petra Diamonds, Ted Baker …Proactive Investors UKJP Morgan delivered a boost to Royal Mail (LON:RMG) upping its target price from 515p to 605p. The government now holds a 15% stake of the postal group, down from 30% after last night's placement. “The reduced government …
Read More »Six Royal Mail postboxes stolen across Devon and Cornwall – Plymouth Herald
Plymouth Herald Six Royal Mail postboxes stolen across Devon and CornwallPlymouth HeraldRoyal Mail postboxes have been ripped out of the ground and off walls or posts six times across Devon and Cornwall in recent years. As well as having potential scrap value, the cast iron boxes also have a potential …
Read More »FTSE 100 movers: Royal Mail rebounds, oil and gas stocks lower – Yahoo Finance UK
FTSE 100 movers: Royal Mail rebounds, oil and gas stocks lowerYahoo Finance UKLONDON (ShareCast) – UK stocks declined on Friday, led by ongoing Greed debt concerns and weakness in the industrial metals, construction and engineering sectors. As of 15:00 BST, the FTSE 100 was trading 0.84% lower at 6,789. Royal …
Read More »Royal Mail suspends deliveries to rat-infested street – Telegraph.co.uk
Telegraph.co.uk Royal Mail suspends deliveries to rat-infested streetTelegraph.co.ukA Royal Mail spokesman told Huffington Post UK that the suspension was implemented on Saturday because of the vermin. She said the matter had been raised by the local postman a fortnight ago but that despite notifying the residents, no action was taken.Giant …
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