Royal Mail

Banks get slim fees for privatisation of UK's Royal MailReutersLONDON, Sept 27 (Reuters) – The investment banks working on the privatisation of Britain's Royal Mail postal service stand to share a maximum fee pot of just under 24 million pounds ($38.4 million), around a third below the typical amount for …

Royal Mail Valued at $5.3 BillionWall Street JournalLONDON—The U.K. government said Friday it would sell a majority stake in Royal Mail Group Ltd. in an initial public offering that values the state-owned postal service at as much as £3.3 billion ($5.29 billion), marking the biggest privatization in … More: continued …

NEW YORK (TheStreet) — While in Sheffield, England recently, I decided to mail our vacation presents back home rather than hauling them on the plane. So we visited the Royal Mail. We didn't go to a stale government office, but to a brightly lit section of a local department store, …

BBC News Royal Mail sold todayBBC NewsWithin a few hours, any of us will be able to apply for Royal Mail shares – either online, with a pack obtained at a post office or through a financial specialist. And the process of offering shares to big investors will also begin. …

LONDON (AP) — The British government said Friday that Royal Mail will be valued at up to 3.3 billion pounds ($5.3 billion) when it sells a majority stake in the 500-year-old service next month. More: continued here

BBC News UK's Royal Mail privatization subscribed in hours: sourcesReutersLONDON (Reuters) – Britain's Royal Mail privatization garnered orders for all of the shares on offer in the space of a few hours on Friday, sources said, marking a strong start for a selloff that stands to flush up to 2 …

Marks a strong start for a selloff that stands to flush up to $3-billion into government coffers More: continued here

The Guardian Roundup: should the Royal Mail be privatised?The GuardianCuts are inevitable if the buyer seeks large returns: Royal Mail makes relatively small margins and is facing an increasingly competitive environment. It can only return large dividends by cutting services that lose money – e.g in rural areas. The … …

The company has announced a price range for its shares in the forthcoming flotation. Are they a bargain? More: continued here

Richard Evans and John Ficenec on the crucial numbers that suggest investors may end up with bargain high income shares. More: continued here