Evening Standard Royal Mail given £3.3bn price tagEvening StandardA union communication being sent to CWU members today said: "Those who want to sell off the Royal Mail Group are motivated purely by short-term gain and vested interests. "We cannot give the company a free hand to determine your future and …
Read More »Royal Mail privatisation subscribed in hours – sources
By Kylie MacLellan and Neil Maidment LONDON (Reuters) – Britain's Royal Mail privatisation garnered orders for all of the shares on offer in the space of a few hours on Friday, sources said, marking a strong start for a selloff that stands to flush up to 2 billion pounds into …
Read More »Hargreaves Lansdown braces itself for Royal Mail demand – FT Adviser
FT Adviser Hargreaves Lansdown braces itself for Royal Mail demandFT AdviserHargreaves Lansdown is advising interested investors to take advantage of the narrow window for buying shares in Royal Mail. Royal Mail IPO share offer opens later today (27 September) with the price range set at £2.60p to £3.30p per share, …
Read More »Banks get slim fees for privatisation of UK’s Royal Mail – Reuters
Banks get slim fees for privatisation of UK's Royal MailReutersLONDON, Sept 27 (Reuters) – The investment banks working on the privatisation of Britain's Royal Mail postal service stand to share a maximum fee pot of just under 24 million pounds ($38.4 million), around a third below the typical amount for …
Read More »Royal Mail Valued at $5.3 Billion – Wall Street Journal
Royal Mail Valued at $5.3 BillionWall Street JournalLONDON—The U.K. government said Friday it would sell a majority stake in Royal Mail Group Ltd. in an initial public offering that values the state-owned postal service at as much as £3.3 billion ($5.29 billion), marking the biggest privatization in … More: continued …
Read More »Royal Mail Provides a Model for USPS
NEW YORK (TheStreet) — While in Sheffield, England recently, I decided to mail our vacation presents back home rather than hauling them on the plane. So we visited the Royal Mail. We didn't go to a stale government office, but to a brightly lit section of a local department store, …
Read More »Royal Mail sold today – BBC News
BBC News Royal Mail sold todayBBC NewsWithin a few hours, any of us will be able to apply for Royal Mail shares – either online, with a pack obtained at a post office or through a financial specialist. And the process of offering shares to big investors will also begin. …
Read More »Royal Mail valued at $5.3 billion ahead of IPO
LONDON (AP) — The British government said Friday that Royal Mail will be valued at up to 3.3 billion pounds ($5.3 billion) when it sells a majority stake in the 500-year-old service next month. More: continued here
Read More »UK’s Royal Mail privatization subscribed in hours: sources – Reuters
BBC News UK's Royal Mail privatization subscribed in hours: sourcesReutersLONDON (Reuters) – Britain's Royal Mail privatization garnered orders for all of the shares on offer in the space of a few hours on Friday, sources said, marking a strong start for a selloff that stands to flush up to 2 …
Read More »Britain’s Royal Mail privatization subscribed in hours
Marks a strong start for a selloff that stands to flush up to $3-billion into government coffers More: continued here
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