Royal Mail

Labour says it cannot promise to renationalise Royal Mail, which is due to float on the stock market, but will impose new customer service obligations. More: continued here

The Guardian Labour rules out Royal Mail renationalisation pledgeBBC NewsLabour will not promise to renationalise Royal Mail after it is privatised, shadow business secretary Chuka Umunna has confirmed. But he spelled out a series of new obligations that the party would place on the company. The announcement came shortly …Labour: stamp prices will be kept in…

The Guardian Labour: stamp prices will be kept in check after Royal Mail sell-offThe Guardian"Our immediate priority on entering office, if we are successful in winning back the support of the British people to form a government, would be to safeguard the services consumers and businesses get from a privatised Royal Mail," said Umunna, writing…

Singapore Fund Swoops For Royal Mail StakeYahoo! News UKSky News has learnt that the Government Investment Corporation (GIC) of Singapore has placed an order as part of the £3bn privatisation of Royal Mail, further details of which were announced last week. GIC is one of several sovereign wealth funds which …and more » More: continued here

The company has announced a price range for its shares in the forthcoming flotation. Are they a bargain?         More: continued here

A Singaporean state-backed fund is poised to become a significant shareholder in Royal Mail amid strong overseas demand for the postal operator's shares. Sky News has learnt that the Government Investment … More: continued here

The Future of the Royal Mail: Putting Consumers and Businesses FirstHuffington Post UKRoyal Mail has been in public ownership since the reign of Charles I and is one of the UK's most cherished national institutions, relied on by millions of consumers and businesses over the centuries. This is all about to change. Following the …Royal…

Royal Mail, Britain’s 360-year-old postal service, is to be valued as much as $5.3 billion in its initial public share sale scheduled for next month, the government said on Friday. More: continued here

Belfast Telegraph Royal Mail sale gets under wayBelfast TelegraphCity firms will scoop fees of £50m, split between those advising the Government and the Royal Mail group. Many of the banks being paid directly by the state to handle the flotation are foreign: UBS and Goldman Sachs are lead advisers, with Barclays …Royal Mail privatisation oversubscribed…

Retail stockbrokers report being deluged with enquiries from private investors and with demand already reaching unexpected highs, sources said private individuals would end up with almost a third of the shares being issued. More: continued here