IMF calls on UK to do more to boost economyAnderson Independent MailThe transfer of Royal Mail pension fund assets pushed the account into surplus for the month. The government's tax take was down 0.9 percent compared to a year earlier. Excluding the pension fund effect, "the deficit of 11.5 billion …
Read More »Deutsche Post chief: Royal Mail will be difficult to privatise – Post and Parcel
Post and Parcel Deutsche Post chief: Royal Mail will be difficult to privatisePost and ParcelDeutsche Post chief executive Frank Appel said today he believed it would be very difficult for a post like Royal Mail to attract investors when it seeks privatisation from late 2013. Speaking at the World Mail …
Read More »Public sector borrowing flattered by Royal Mail windfall
Britain's public sector posted a record surplus in its finances for April, but the Chancellor made a shaky start to the year without help from a one-off windfall. More: continued here
Read More »Gold Medallists – The Sport Review
Gold MedallistsThe Sport ReviewBy TSR staff 10:15am UK, Tuesday 22 May, 2012 Olympic hurdles champion Sally Gunnell has helped to unveil the Royal Mail's Gold Medal stamps set be issued for each Team GB triumph during London 2012. Royal Mail are aiming to honour the achievements of …and more » More: …
Read More »UK Mail sees group profit before tax slip – Stock Market Wire
UK Mail sees group profit before tax slipStock Market WireStockMarketWire.com – UK Mail reports group revenues for the year at £429.0m were up 8.4% compared to the previous year. Adjusting for the increase in Royal Mail prices implemented on 6 May 2011, underlying Group revenues increased by 3.2%.UK Mail delivers …
Read More »Pensions move brings Treasury boost
The transfer of Royal Mail pensions into the public sector has given the Government's finances a one-off boost, offsetting a larger-than-expected surge in borrowing last month. More: continued here
Read More »UK Mail Group full-year pre-tax profit drops – Quick Facts – RTT News
UK Mail Group full-year pre-tax profit drops – Quick FactsRTT NewsAdjusting for the increase in Royal Mail prices implemented on May 6, 2011, underlying group revenues increased 3.2%. "These results show UK Mail's resilience during a year of tough trading conditions, in markets that are undergoing fundamental change.and more » More: …
Read More »Pensions move brings Treasury boost – The Independent
Pensions move brings Treasury boostThe IndependentThe transfer of Royal Mail pensions into the public sector gave the Government's finances a one-off boost today, offsetting a larger-than-expected surge in borrowing last month. The Treasury achieved a £16.5 billion public sector net surplus in April …One-off transfer lowers UK public borrowing in …
Read More »INSTANT VIEW 1-UK inflation falls in April public finances – London South East
INSTANT VIEW 1-UK inflation falls in April public financesLondon South EastSeparately, ONS figures showed that Britain's public finances posted a record surplus in April due to one-off effects from the transfer of assets from the Royal Mail pension fund and profits from the Bank of England's special liquidity scheme.and more » …
Read More »Osborne Under Pressure as UK Budget Deficit Widens – BusinessWeek
Osborne Under Pressure as UK Budget Deficit WidensBusinessWeekThe public finances received a one-time boost of 30.3 billion pounds from the transfer of Royal Mail Group Ltd. pension assets to the public sector and the impact of the central bank's Special Liquidity Scheme. This left a budget surplus of 16.5 …U.K. …
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