Royal Mail

Labour leadership rejects Royal Mail renationalisation callsFinancial TimesThe Labour leadership has rebuffed union-inspired votes by its annual conference to renationalise Royal Mail and the railways. Delegates in Brighton passed unanimously a motion by the Communication Workers Union calling for an incoming Labour … More: continued here

Labour vote to renationalise Royal MailCITY A.M. (blog)Labour's annual conference in Brighton has voted to renationalise Royal Mail if the party wins the 2015 general election. Delegates voted unanimously for the motion and also backed plans to renationalise the railway system. Although the shadow cabinet … More: continued here

Scotsman Christine Jardine: Privatised Royal Mail may prosperScotsmanIT'S an easy totem to be nostalgic about. After all, privatising Royal Mail would surely mean redundancy for Postman Pat, to say nothing of his beloved cat. And to be honest, my first reaction was shock when I heard that the government I …

Royal Mail Said to Be Valued as Much as $6.9 Billion in IPOBloombergRoyal Mail Group Ltd., the 360-year-old U.K. postal service, may be valued at as much as 4.3 billion pounds ($6.9 billion) when it goes public, said people briefed on the estimates. The British firm's equity value, which excludes …

Royal Mail promises 200 new jobs with Parcelforce depot opening at BecktonNewham RecorderThe massive 100,000sq ft Parcelforce site at Beckton, just off the A13, is part of Royal Mail's UK-wide expansion programme and is expected to create 200 jobs over the next three years. It is part of Royal Mail's …

Royal Mail Group Ltd., the 360- year-old U.K. postal service, may be valued at as much as 4.3 billion pounds ($6.9 billion) when it goes public, said people briefed on the estimates. More: continued here

The Guardian Labour conference votes to renationalise railways and Royal MailThe GuardianLabour opposes the coalition's plans for floating most of Royal Mail on the stock market, and Ian Murray, the shadow postal affairs minister, is attempting a last-minute bid to halt the privatisation with a vote in parliament. However, the …

In a further sign of the party lurching to the left, the Labour conference voted to demand the renationalisation of train firms and postal deliveries. More: continued here

Bloomberg Royal Mail Said to Be Valued at as Much as $6.9 Billion in IPOBloombergRoyal Mail Group Ltd., the 360-year-old U.K. postal service, may be valued at as much as 4.3 billion pounds ($6.9 billion) when it goes public, said people briefed on the estimates. The British firm's equity value, …

Parcels deliver Royal Mail's futureCITY A.M.THE PRIVATISATION of Royal Mail started to become a likely event in May this year after the restructured group posted profits of £403m, up from £152m the previous year. “When we saw that profit margins had gone from around one per cent to 4.4 per …