Royal Mail, CWU extend pay deal deadlineIndependent OnlineThe Communication Workers Union (CWU), which represents most Royal Mail staff, said on Tuesday there had been “significant progress” in reaching an agreement over an improved pay offer, better working conditions and a separate pension agreement. More: continued here
Royal Mail shares: price rise 'was expected'The Week UKVince Cable will be questioned about the Royal Mail sell-off by the Business, Innovation and Skills Select Committee tomorrow. He has previously dismissed the early gains as “froth” and said the true value of the shares would not emerge for six months. More: continued here
Is It Time To Sell Royal Mail PLC?Motley Fool UKFrom an investor's point of view, the recent privatisation of Royal Mail (LSE: RMG) has been a huge success. The IPO was heavily over-subscribed, and all the investors who were canny enough to apply for shares will have made a very good profit. The … More:…
Clients of a giant US investment bank that helped value Royal Mail have made up to £12million by quickly selling their shares. Goldman Sachs has already been rapped for advising the Government to price Royal Mail at £1billion less than it is currently worth. More: continued here
The Independent Cable Faces Scrutiny Over £4m Royal Mail BonusSky NewsVince Cable, the Business Secretary, will come under pressure on Wednesday to cancel a £4m bonus fee for investment bankers as MPs step up their scrutiny of Royal Mail's controversial £3.3bn privatisation. Sky News has learnt that members of the …Revealed: Goldman Sachs clients' £12m Royal…
Telegraph.co.uk Royal Mail fails to deliver union dealTelegraph.co.ukA Royal Mail spokesman said: “Royal Mail and the CWU have made further progress in current talks on a new agreement covering industrial stability, pay and protections. On this basis, we have agreed to a further seven day extension of the legal validity … More: continued here
Talks between Royal Mail and the CWU have been posted for another week while Vince Cable and Michael Fallon face MP grilling on the valuation of the company. More: continued here
The Guardian Law firm Clifford Chance analyses Royal Mail's property portfolioThe GuardianPhotograph: Matt Dunham/AP. Clifford Chance, the "Magic Circle" City law firm with links to some of the leading investors in Royal Mail, has been privately analysing the newly floated company's portfolio of 2,000 UK properties. News of the evaluation … More: continued here
Vince Cable, the Business Secretary, will come under pressure on Wednesday to cancel a £4m bonus fee for investment bankers as MPs step up their scrutiny of Royal Mail (Other OTC: ROYMF – news) 's controversial £3.3bn privatisation. Sky News has learnt that members of the Business, Innovation and Skills (BIS) Select Committee will demand…
Royal Mail delivers postal targets in DundeeEvening TelegraphAcross the country, 111 of 118 individual postcode areas met or exceeded their Quality of Service targets over the six months to the end of September — the Royal Mail's best performance at the half year stage since 2006/7. Royal Mail delivered 93.2 … More: continued here