Royal Mail

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

Business secretary says postal service sell-off will not threaten universal service obligation to deliver to 29 million UK homes The 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 …

Postal Workers to Get Shares in Private Royal MailABC NewsThe British government will lay out plans to privatize the Royal Mail in a 3 billion pounds ($4.5 billion) share offering that will see tens of thousands of workers get a stake in the company. Business minister Michael Fallon told the …

By Neil Maidment and William James LONDON (Reuters) – Britain will list a majority stake in the Royal Mail postal service on the stock market in the next nine months, promising free shares for workers fiercely opposed to the country’s biggest privatisation in around 20 years. Analysts expect the initial …

The Royal Mail sell-off plan is daylight robbery of our postal serviceThe GuardianThis wretched government is now selling off Royal Mail, with the aid of a syndicate of banks headed by those well-known guarantors of the public interest, Goldman Sachs and UBS. The financiers will take home around £30m; over …

Business Secretary Vince Cable has confirmed the British government will sell Royal Mail through a flotation on the London Stock Exchange. More: continued here

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