Royal Mail

Royal Mail backtracks on plans to withdraw from a popular festive lost Christmas cards service provided in Orkney that has run for 25 years. More: continued here

UPDATE 1-Royal Mail sale could have raised extra $280 mln – official reportReuters(Adds details on proposed changes to IPO procedure). LONDON Dec 18 (Reuters) – The privatisation of Britain's Royal Mail could have raised an extra 180 million pounds ($280 million), according to a government-commissioned report that largely endorsed … More: …

Royal Mail sale 'could have raised extra £180m'RTE.ieShares in Britain's Royal Mail should have been sold at a higher price when the firm was privatised last year, but the lost revenue was lower than previous estimates, a government-commissioned report concluded. Lord Myners, a former Labour minister … More: continued here

Royal Mail: Vince vindicatedLiberal Democrat VoiceThe probe was ordered by Mr Cable after a National Audit Office review into the privatisation of Royal Mail said too much emphasis was put on rushing the sale – the initial public offering (IPO) – at the expense of value for money. Shares in …

Royal Mail withdraws from a popular festive lost Christmas cards service provided in Orkney that has run for 25 years. More: continued here

Lord Myners could finally ease pressure on Cable over Royal MailCITY A.M.So the business secretary will, I suspect, be relieved that the independent-minded former City minister has concluded that taxpayers were less short-changed from Royal Mail's initial public offering (IPO) than had been suggested by MPs earlier this year. More: …

ROYAL Mail has hit back after residents were urged to avoid using red envolopes this Christmas. More: continued here

Review concludes that company could have been sold for up to 30p more a share, but it involved considerable risk The government could have made £180m more from the £2bn sale of Royal Mail last year but this would have involved “considerable risk”, a report commissioned by business secretary Vince …

Shares in Britain's Royal Mail should have been sold at a higher price when the firm was privatised last year, but the lost revenue was lower than previous estimates, a government-commissioned report concluded. More: continued here

LONDON (Reuters) – Shares in Britain's Royal Mail postal service should have been sold at a higher price when the firm was privatised last year, but the lost revenue was lower than previous estimates, a government-commissioned report said on Thursday. Lord Myners, a former Labour minister commissioned to see if …