Royal Mail

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 …

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. …

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 …

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

Royal Mail privatisation will not affect postal delivery – Vince CableThe GuardianThe Royal Mail's duty to deliver to all 29 million homes in the UK will survive privatisation, the government has said, as it unveiled plans for the most significant state sell-off since the railways in the 1990s. . The …

Cable’s argument that the loan, and any subsequent funding, would be better used in schools and hospitals is not compelling Roll up, then, for the great Royal Mail share sale. The government has embarked on “an irrevocable course”, says business secretary Vince Cable. A small battalion of investment banking advisers …

Bloomberg UK to list Royal Mail, woos workers with free sharesReutersAnalysts expect the initial public offering (IPO) to value Royal Mail, which traces its roots to a service founded by King Henry VIII in 1516, at 2-3 billion pounds ($3-$4.5 billion), so selling a majority stake could raise over 1 …

Sell-off expected to raise £3 billion with London listing to come by end of financial year More: continued here