Chart that Tells a StoryFinancial TimesIt has been a year since Royal Mail's controversial initial public offering. This shows how the company's share price has moved over the past 12 months. Business secretary Vince Cable was derided last November for maintaining that the “froth” would … More: continued here
Read More »The Government delivered on Royal Mail after all – Telegraph.co.uk
Telegraph.co.uk The Government delivered on Royal Mail after allTelegraph.co.ukAs he points out, the purpose of the sale, pursued without success by successive governments over three decades, was to turn Royal Mail into a commercial operation so it could deliver mail everywhere for the price of a standard stamp. This was …
Read More »Chris Blackhurst: Vince Cable won’t agree but he got Royal Mail wrong – Evening Standard
Evening Standard Chris Blackhurst: Vince Cable won't agree but he got Royal Mail wrongEvening StandardIt was with some justification that the Business Secretary was able to write in The Independent this week that “Those who rushed to judgement on the Royal Mail flotation a year ago are having to think …
Read More »Why you need to be a maths genius to post a parcel – BBC News
BBC News Why you need to be a maths genius to post a parcelBBC NewsIn the world of parcel post – as in other areas of human activity – size is critical. But just when consumers may have got used to the new size criteria introduced by Royal Mail in …
Read More »The Government delivered on Royal Mail after all
The Royal Mail deal was meant to be a celebratory moment for the Government – now it looks like they and the investment bankers got it right after all. More: continued here
Read More »Royal Mail set to pay £12m fine – Herald Scotland
Royal Mail set to pay £12m fineHerald ScotlandThe group said it had set aside a total of £18 million to include its legal costs in relation to the probe into GLS France. That is far less than the £160m maximum penalty estimated by analysts when Royal Mail disclosed in July …
Read More »Royal Mail birthday celebrations overshadowed by privatisation chaos – The Guardian
The Guardian Royal Mail birthday celebrations overshadowed by privatisation chaosThe GuardianThe investment bank Lazard, part of which advised the government that Royal Mail shares could be sold as cheaply as 212p, made an £8.4m profit by immediately selling Royal Mail stock. The investment division, Lazard Asset Management, bought 6m … More: …
Read More »Interactive: Royal Mail shares one year on – Telegraph.co.uk
Interactive: Royal Mail shares one year onTelegraph.co.ukRoyal Mail investors have been on a rollercoaster ride since the controversial float of the postal group a year ago. This interactive share price graph allows you to track the events that have moved the stock, from the pricing of the shares at 330p …
Read More »Delivering for investors… But Royal Mail is facing stiff competition for business
Retail investors who bought in at 330p and were allocated 227 shares each – costing £749.10 – would have made profits of £351.85 by selling on day one. More: continued here
Read More »Royal Mail sets aside £18m for French fine and legal fees – The Guardian
The Guardian Royal Mail sets aside £18m for French fine and legal feesThe GuardianRoyal Mail announced in July that its subsidiaries had received a notice from the French competition authority alleging breaches of competition laws as part of a wider investigation into the parcel delivery industry in France. The British …
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