UK seeks firms to help sell Royal Mail shares to publicThe New Age OnlineThe British government has invited stockbrokers to apply to help sell shares in the Royal Mail postal service to members of the public as part of a planned stock market listing. The 497-year-old institution is to be …
Read More »Royal Mail sell-off moves closer – Scotsman
Scotsman Royal Mail sell-off moves closerScotsmanSTOCKBROKERS and share-dealing services have been invited to act as intermediaries in the planned sale of shares in the Royal Mail. The move signals the latest stage in the Government's controversial privatisation of the postal group through an initial … More: continued here
Read More »Direct mail accounts for nearly half of all UK letters
Royal Mail says growth in proportion of mailouts partly accounts for improved profits, even as total letter volumes fall It is the bane of the nation's hallways but direct mail has become a cornerstone of the postal network, accounting for around half of all envelopes that fall through our letterboxes, …
Read More »Email and web deliver sharpest blow to Royal Mail fortunes
Royal Mail's letters business is being hit harder by competition from electronic alternatives, such as email and the internet, than it is by rival mail operators. The company has released figures that are understood to show its profits taking a £500m a year hit from e-substitution compared with the £100m …
Read More »Is Privatisation Failing? – Descrier
Is Privatisation Failing?DescrierAn example is their commitment to privatising the Royal Mail, despite fears that it will increase costs and reduce services to rural areas. Again this is a deeply unpopular policy, which the government seems determined to push through, despite warnings …and more » More: continued here
Read More »Royal Mail eyes retail investors – CITY A.M.
Royal Mail eyes retail investorsCITY A.M.STOCKBROKERS will today be invited to take part in the privatisation of Royal Mail, as part of a push to ensure ordinary members of the public can buy shares in the forthcoming IPO. City A.M. has learned that business minister Michael Fallon will this … …
Read More »Royal Mail boss returns payment – This is Plymouth
Royal Mail boss returns paymentThis is PlymouthTHE chief executive of Royal Mail received almost £1.5million in pay and benefits in the last financial year, although she is returning £120,000 paid towards the cost of buying a house. Moya Greene's salary remained at £498,000, but extras included … More: continued here
Read More »Don't send Royal Mail to highest bidder | Chris Colvin
Flogging part of Royal Mail to a company such as TNT won't help – public-private partnerships have a terrible track record Although not officially, at the root of the postal workers' strike lies the government's plan to flog off part of Royal Mail to the highest private-sector bidder. Lord Mandelson …
Read More »Royal Mail workers warned against strike
• Opposing privatisation would be 'self-defeating' says minister • No bailout for pension fund without sell-off to private sector The minister in charge of privatising Royal Mail has warned unions opposed to the plan that taking further industrial action would be "self-defeating". Ed Davey also said there would be no …
Read More »'Profiteering' Royal Mail limits supply of stamps before price rise
Ocado, Asda and other shops report shortages of stamps as customers stock up in advance of the impending price hike The Royal Mail has capped the number of stamps that shops can buy before price rises come into force later this month, leading to accusations of profiteering. The postal service …
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