Telegraph.co.uk Ministers accused of selling off Royal Mail too cheaplyFinancial TimesMinisters face accusations that they are selling off Royal Mail more than £1bn too cheaply amid strong demand for the shares, despite signalling that the stock will be priced near the top of the expected range. Bankers handling the sale told …Royal Mail to price…
Grey market trading now suggests 368p a share, above the initial estimate of 260p to 330p, after bosses confirmed property sale proceeds would not go to the pension fund. More: continued here
Ministers have been accused of rushing to sell Royal Mail "on the cheap" as the firm is set to rake in billions from selling a number of mail centres and delivery offices. Members of the Communication Workers Union are currently voting on whether to strike over issues linked to the privatisation. The result of the…
The sale of the postal service, which potentially values it at up to £3.3billion, is now expected to price between 300 and 330p per share. More: continued here
Derby Telegraph Royal Mail strike ballot extended as Ministers press on with sell-offDerby TelegraphIt is selling off at least 41% of its stake in Royal Mail, which, together with giving away 10% to employees, means it will no longer own the majority. As part of the privatisation, Royal Mail would take on £600 million of…
UPDATE 1-Royal Mail to price sale at upper end of range-sourcesReuters UKLONDON Oct 4 (Reuters) – Britain is set to price the sale of its Royal Mail postal service towards the upper end of its original range, two sources close to the deal said on Friday, potentially valuing the company at up to 3.3 billion…
CWU says strikes are likely if its members vote for industrial action over the sell-off. More: continued here
Royal Mail bosses have confirmed that the company's pension fund would not claim money from the sale of disused sorting offices, worth £500m. More: continued here
LONDON (MarketWatch) — Heavy demand for shares in Royal Mail means the U.K. government will likely be able to sell the state-owned postal service at the top end of its estimated price range. It can expect to get between £3.00 and £3.30 ($4.81 and $5.30) a share, institutional investors heard Friday, the Financial Times reported….
Sorry, ma'am, but Royal Mail sell-off means no more crowning gloryThe IndependentIt could be a bad heir day for Royal Mail. The postal giant has admitted it may lose the right to use symbols of the monarchy including the E II R royal cypher on post boxes and the crown on stamps after its £3bn…