Royal Mail Eyes Job Cuts After PrivatisationIBTimes.co.ukAccording to written evidence submitted to the Business Select Committee, Royal Mail said that while it has gone through a "difficult process of change" it hope to keep job losses to a minimum, despite the £3.3bn ($5.3bn, €3.9bn) IPO. "Change will … More: continued …
Read More »Royal Mail sale: 700000 apply for shares – The Guardian
The Guardian Royal Mail sale: 700000 apply for sharesThe GuardianMore than 700,000 people have applied for shares in Royal Mail, the government has revealed, reviving privatisation fever last seen in the 1980s and intensifying fears that the postal service is being sold too cheaply. Vince Cable, the business …Royal Mail …
Read More »Royal Mail chiefs apply for 500k of extra shares: Small investors could lose … – Daily Mail
Daily Mail Royal Mail chiefs apply for 500k of extra shares: Small investors could lose …Daily MailJustin Modray, of the personal finance website Candid Money, said: 'While the Royal Mail flotation could stand to make the City and Royal Mail executives a fat profit, it is important that small investors …
Read More »Royal Mail sale: Small investors will be favoured – BBC News
The Independent Royal Mail sale: Small investors will be favouredBBC NewsSmall investors will be favoured in the privatisation of the Royal Mail, but those seeking a large stake might not get any shares, the BBC has learned. Anyone who subscribed for the minimum entitlement of £750 will receive 100% of …
Read More »Royal Mail: Sovereign Funds To Get Shares
A clutch of the world's most powerful sovereign wealth funds are expected to be allocated millions of pounds-worth of shares in Royal Mail even as thousands of British investors are frozen out of the privatisation. … More: continued here
Read More »Royal Mail IPO Oversubscribed With 700000 Retail Applications – Bloomberg
Bloomberg Royal Mail IPO Oversubscribed With 700000 Retail ApplicationsBloombergRoyal Mail's privatization will be the biggest in the U.K. since British Rail was broken up in the 1990s. The IPO of the 360-year-old company, which has refocused on package-delivery markets spurred by a trend toward web-based purchasing, opened Sept. More: continued …
Read More »Could the chatter over Royal Mail’s pricing prove right? – The Guardian
The Guardian Could the chatter over Royal Mail's pricing prove right?The GuardianIn the case of the Royal Mail, where the worry is that the public purse could be ripped off, the business secretary ought to know that his "froth" line will look very silly if the shares shoot to a …
Read More »Royal Mail shares ‘will be priced at top of range’ – BBC News
The Guardian Royal Mail shares 'will be priced at top of range'BBC NewsRoyal Mail's shares will be priced at 330p, valuing the whole of Royal Mail at £3.3bn, the BBC has learned. The price is at the top end of what the government was hoping for, after applications massively outstripped …
Read More »Has the Royal Mail been undervalued? – Telegraph.co.uk
Has the Royal Mail been undervalued?Telegraph.co.ukInstitutional and retail investors have reportedly requested £30bn worth of Royal Mail shares, though the offer is expected to be just £2bn when the first phase of the privitisation is launched on Friday. Sources insisted that the Government intends to … More: continued here
Read More »'Emergency talks' over Royal Mail
Ministers have been holding emergency talks about the final allocation of Royal Mail shares after applications from private investors were up to seven times over-subscribed, it has been reported. More: continued here
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