Friday newspaper round-up: Scotland, Royal Mail, China… David Cameron will on Friday launch a personal campaign to save the UK, warning that the country would be “deeply diminished” if Scotland votes to secede in this year’s independence referendum. More: continued here
Read More »Cheap sell-off of Royal Mail cost every family £55: Banks told Vince Cable he could have got £1billion more than he …
Amid growing concerns shares were sold too cheaply, Freedom of Information requests revealed that 21 banks pitching to work on the floatation had valued the Royal Mail from £4bn to £4.8bn – well above the eventual sale price of £3.3bilion. More: continued here
Read More »Royal Mail Gets CWU Pay Rise, Pensions and Bonus Deal Rubber Stamp – International Business Times UK
International Business Times UK Royal Mail Gets CWU Pay Rise, Pensions and Bonus Deal Rubber StampInternational Business Times UKAccording to a statement by the recently privatised delivery service, Royal Mail revealed that "is pleased that CWU members have voted overwhelmingly in favour of a ground-breaking agreement on an agenda for …
Read More »Royal Mail 'Could Have Been Sold For £1.5bn More' Say Banks
Vince Cable is facing further accusations of selling Royal Mail "on the cheap" after it emerged that 21 City banks estimated its sale could have been done for £1.5 billion more. The Business Department revealed in response to a Freedom of Information request that the average valuation for Royal Mail …
Read More »Royal Mail was valued £1.5billion more than it was eventually sold for, costing taxpayers hundreds of millions in lost …
Amid growing concerns shares were sold too cheaply, Freedom of Information requests revealed that 21 banks pitching to work on the floatation had valued the Royal Mail from £4bn to £4.8bn – well above the eventual sale price of £3.3bilion. More: continued here
Read More »Royal Mail staff reach deal to end Sunderland Post Office disruption – Sunderland Echo
Sunderland Echo Royal Mail staff reach deal to end Sunderland Post Office disruptionSunderland EchoCWU deputy general secretary Dave Ward said: “We are extremely pleased to secure this ground-breaking deal with Royal Mail, which postal workers have overwhelmingly voted to accept. “We have achieved extensive and unprecedented legally binding … More: continued …
Read More »Royal Mail was valued £1.5billion more than it was eventually sold for … – Daily Mail
Royal Mail was valued £1.5billion more than it was eventually sold for …Daily MailInvestment banks valued the Royal Mail at up to £1.5 billion more than it was eventually sold for – costing the taxpayer hundreds of millions of pounds in lost revenue, it emerged last night. Amid growing concerns …
Read More »Royal Mail privatisation row reignites – Financial Times
Royal Mail privatisation row reignitesFinancial TimesRoyal Mail Group Ltd. Distribution Center Ahead Of Possible IPO ©Bloomberg. A range of investment banks valued Royal Mail last spring at up to £1.5bn more than it was eventually sold for, according to data obtained under a freedom of information request. More: continued here
Read More »3 Reasons I Might Buy Royal Mail PLC Today – The Motley Fool UK
3 Reasons I Might Buy Royal Mail PLC TodayThe Motley Fool UKThe controversy surrounding the bargain basement flotation of Royal Mail (LSE: RMG) has temporarily died down, but its shares continue to trade 78% above its initial offering price. What's more, recent news suggests to me that Royal Mail could …
Read More »Royal Mail staff accept ‘ground-breaking’ pay deal – BBC News
BBC News Royal Mail staff accept 'ground-breaking' pay dealBBC News"We are extremely pleased to secure this ground-breaking deal with Royal Mail, which postal workers have overwhelmingly voted to accept," said Dave Ward, the CWU's deputy general secretary. Royal Mail said the agreement underlined the importance of its …Royal Mail staff win …
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