Telegraph.co.uk Cable: Royal Mail advisers won't get bonuses for 'years'Telegraph.co.ukVince Cable has said that the £4m bonus for banking advisers on the Royal Mail sale will be held for “months or years” to allow for judgement over the success of the historic privatisation. The Business Secretary told MPs that “no …
Read More »Royal Mail figures fuel privatisation row – Financial Times
Royal Mail figures fuel privatisation rowFinancial TimesRoyal Mail will maintain steady revenue growth, its chief executive forecast, as the furore over whether the postal operator was sold too cheaply in last month's privatisation refused to die. The company's shares rose 6 per cent on Wednesday to 566p … More: continued …
Read More »Royal Mail Reports £283m First Half Profits – Sky News
Royal Mail Reports £283m First Half ProfitsSky NewsRoyal Mail has reported a near-doubling of operating profits to £283m for the first half of its financial year amid its controversial privatisation. In the wake of the sale of the 60% stake – which remains gripped by suggestions the taxpayer was short …
Read More »Questor share tip: Royal Mail on track for income
The maiden set of results as a listed entity for the postal group underline the long term investment case, says Questor More: continued here
Read More »Royal Mail major shareholders to be asked if shares were too cheap – The Guardian
The Guardian Royal Mail major shareholders to be asked if shares were too cheapThe GuardianRoyal Mail investors who bought large stakes in the postal service following its £3.3bn privatisation last month are to be asked by MPs why they have staked hundreds of millions of pounds on the view that …
Read More »Royal Mail’s flotation row: two unexplored questions – The Guardian
The Guardian Royal Mail's flotation row: two unexplored questionsThe GuardianUnlike most flotations, where advisers tend to shout about their wondrous potential of their clients' business, the build-up to the sale of Royal Mail was all about the risks. Quarrelsome relations with the Communication Workers Union were mentioned … More: continued …
Read More »Royal Mail dividends set to tip £133 million – Interactive Investor
Royal Mail dividends set to tip £133 millionInteractive InvestorRoyal Mail (RMG) shares were up by nearly 6% on Wednesday morning after the postal service reported its first half-year results since listing. Revenue for the six months to 29 September was up 2% at £4.5 billion, compared with £4.3 billion a …
Read More »Royal Mail Posts Higher First-Half Profit – Wall Street Journal
Royal Mail Posts Higher First-Half ProfitWall Street JournalRoyal Mail was threatened with strike action over the Christmas period by postal workers initially angry at the privatization of the company, but this was averted late last month after unions agreed a deal with the company. For the six months to Sept …
Read More »Vince Cable defends Royal Mail valuation as profit almost doubles – The Guardian
The Guardian Vince Cable defends Royal Mail valuation as profit almost doublesThe GuardianBusiness secretary Vince Cable defended the government's valuation of Royal Mail on Wednesday after solid results from the newly privatised group sent its shares higher. Royal Mail was privatised last month when the government sold 60% of its …
Read More »Profits jump at newly-privatised Royal Mail, sending shares another 5% higher … – This is Money
Profits jump at newly-privatised Royal Mail, sending shares another 5% higher …This is MoneyShares in newly-privatised Royal Mail surged 5 per cent this morning after it revealed operating profits have nearly doubled in the past six months. But in its first set of results as a listed company, Royal Mail …
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