Reuters UK UK to sell Royal Mail stake, targets 1.5 billion poundsReuters UKLONDON Britain will sell its 30 percent stake in postal operator Royal Mail, currently worth about 1.5 billion pounds, as it renews its drive to wipe out the budget deficit, Chancellor George Osborne said on Thursday. The sale was announced alongside a …Royal Mail,…
UKIP SNP condemn sleekit Tories' Royal Mail plansSNP (press release)The SNP has today criticised the Tory UK government's plans to privatise the remaining 30% stake in the Royal Mail. Michelle Thomson MP highlighted how this move threatened the terms of the Universal Service Obligation – which safeguards postal …Three EU Postal Services Directives lie behind the…
Reuters UK Royal Mail, Johnson Matthey lead FTSE lowerReuters UKRoyal Mail fell 4.9 percent after Finance Minister George Osborne said Britain will sell its 30 percent stake in the postal operator. Britain's FTSE 100 closed down 1.3 percent at 6,859.24. "If we look across developed markets, sell-off in equities is …and more » More: continued here
The Guardian George Osborne announces Royal Mail sell-off – videoThe GuardianGeorge Osborne announces £4.5bn worth of savings in this financial year through a sell-off of national assets – including the remaining stake in Royal Mail– and spending cuts. Departments have been ordered to find £3bn in savings, and the chancellor … More: continued here
UK to start selling remaining Royal Mail shares – OsborneReutersOsborne also said in parliament that government departments had found extra savings in the current financial year which along with the Royal Mail sale would generate around 4.5 billion pounds for the public coffers. ($1 = 0.6500 pounds) (Reporting by … More: continued here
The Guardian Chancellor unveils £4.5bn extra savings including Royal Mail stake sell-offThe GuardianDepartments have been ordered to find £3bn in savings, and the chancellor says he will also raise £1.5bn from the sale of the government's remaining 30% stake in Royal Mail. The cuts are in addition to the £13bn of cuts already announced for…
International Business Times UK Market round-up: Royal Mail sale and interest rate announcement drag FTSE …International Business Times UKAfter chancellor George Osborne announced the government will sell its 30% stake in delivery service Royal Mail for £1.5bn (€2bn), the company's shares went down 4.94%, making it the third-biggest faller of the day. Kingfisher, which announced…
Royal Mail slides on government plan to sell off 30% stakeMarketWatchShares of Royal Mail PLC RMG, -3.31% slid 3.2% in afternoon action on Thursday after U.K. Chancellor of the Exchequer George Osborne said the U.K. government will sell its remaining 30% stake in the company. "It is the right thing to do for the Royal……
Telegraph.co.uk George Osborne announces Royal Mail sell off and deep spending cutsTelegraph.co.ukMr Osborne said: “I am today announcing that the Government will begin selling the remaining 30% shareholding we have in the Royal Mail. “It is the right thing to do for the Royal Mail, the businesses and families who depend on it – and…
Reuters UK Remainder Of Royal Mail To Be Sold OffSky NewsHe said the 30% Royal Mail stake – worth around £1.5bn – would be sold off this year. "I am today announcing that the Government will begin selling the remaining 30% shareholding we have in the Royal Mail," he told MPs. "It is the right…