Final Royal Mail Sale A 'Disgrace" Says UnionManx RadioThe Government has come under fire over the sale of its last stake in Royal Mail, with the postal workers union branding the move a "disgrace". The final holding was disposed of overnight – with 13% of the company achieving £591m for …
Read More »Today’s market overview – Investors Chronicle
Today's market overviewInvestors ChronicleRoyal Mail (RMG) shares fell 5 per cent in early morning trading after the UK government offloaded its remaining 14 per cent stake in the postal operator. The overnight sale added £591m to the government's coffers, bringing the total amount it has …and more » More: continued here
Read More »Govenment sells remaining Royal Mail stake – DIGITALLOOK
DIGITALLOOK Govenment sells remaining Royal Mail stakeDIGITALLOOKThe final 1% of shares will be gifted to Royal Mail's eligible UK employees, taking the total stake owned by its staff to 12%. Javid said its truly historic day for Royal Mail. “We have delivered on our promise to sell the Government's entire …
Read More »FTSE 100 movers: SAB surges on AB InBev agreement; Royal Mail slumps – DIGITALLOOK
FTSE 100 movers: SAB surges on AB InBev agreement; Royal Mail slumpsDIGITALLOOKOn the downside, Royal Mail was a standout loser after business secretary Sajid Javid confirmed that the government has sold its remaining stake in the company. Nearly all of its 14% stake was sold to institutional investors for 455p …
Read More »Government sells final stake in Royal Mail for £591 million – News Shopper
News Shopper Government sells final stake in Royal Mail for £591 millionNews ShopperHe added: "This is a truly historic day for Royal Mail with the workers gaining a share of this history. "We have delivered on our promise to sell the Government's entire remaining stake which means that for the …
Read More »Government sells final stake in Royal Mail for £591 million – Andover Advertiser
Andover Advertiser Government sells final stake in Royal Mail for £591 millionAndover AdvertiserHe added: "This is a truly historic day for Royal Mail with the workers gaining a share of this history. "We have delivered on our promise to sell the Government's entire remaining stake which means that for the …
Read More »Government Dumps Remaining Royal Mail Shares and Pockets £591m – Gizmodo UK
Gizmodo UK Government Dumps Remaining Royal Mail Shares and Pockets £591mGizmodo UKThis means the nation's money bank has been boosted by a total of £3.3bn from the Royal Mail privatisation, a controversially low price given the size and scale of the operation and its vast bank of existing property. The …
Read More »Ending the model wars: How the Royal Mail Pension Plan revamped its governance … – Professional Pensions
Professional Pensions Ending the model wars: How the Royal Mail Pension Plan revamped its governance …Professional Pensionsleft to right: Chris Hogg, chief executive of Royal Mail Pensions Trustees; Ian McKnight, chief investment officer of Royal Mail Pensions Trustees; Mark Rugman, head of membership & benefits at the Royal Mail Pension …
Read More »Royal Mail share sale: The government has missed an opportunity by excluding … – City A.M.
City A.M. Royal Mail share sale: The government has missed an opportunity by excluding …City A.M.As an example, when Royal Mail first floated 20 per cent of its shares in 2013, more than a quarter of those who applied for shares said it was their first stock market investment. In …
Read More »Government raises £591 million from final Royal Mail sale – Fresh Business Thinking
Government raises £591 million from final Royal Mail saleFresh Business Thinking"The remaining government share in this profitable company should have been used to safeguard the public's voice in Royal Mail and ensure the continuation of daily deliveries to every address in the country," said CWU general secretary Dave Ward.and more » …
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