Cable posts plans for Royal Mail privatisationThe AustralianBut change is coming as the company seeks to adapt to the decline in traditional "snail mail" and compete with the likes of Federal Express and UPS. Britain's coalition government has laid out plans to privatise the Royal Mail. Analysts have speculated … More: continued here
BBC News Royal Mail workers to get free shares in planned saleBBC NewsPostal workers are set to receive millions of pounds' worth of Royal Mail shares when the company is privatised later this year. Business Secretary Vince Cable said employees would be given 10% of shares as part of a stock market flotation. He …Can…
Newspaper review: Mixed reaction to Royal Mail sell-offBBC NewsGovernment plans to sell-off the Royal Mail in the biggest privatisation for 30 years have sparked a mixed reaction in today's papers. The Guardian has misgivings about "thrusting another bit of the public realm into private hands at a bargain price … More: continued here
Royal Mail privatisation: don't tell Sid – warn himThe GuardianAs the details of the Royal Mail privatisation become clearer, the reasons for its sale recede further into fuzziness. Is it a financial basket case – the grim picture painted by Richard Hooper's reviews? Actually, no. As the government's own document … More: continued here
LONDON — The Royal Mail can trace its history back 500 years to the time of Henry VIII, and its bright red “pillarboxes” grace streets across the UK — from the Scilly Isles to Scotland. More: continued here
Royal Mail: The coalition's commitment to privatise by next April is defeatistThe GuardianRoll up, then, for the great Royal Mail share sale. The government has embarked on "an irrevocable course", says business secretary Vince Cable. A small battalion of investment banking advisers has been hired. There's a deadline to get the deed done by … More:…
UK to Privatize Majority of Royal MailWall Street JournalThe selloff will also create the largest employee share scheme of any British privatization for almost 30 years, with about 150,000 Royal Mail employees eligible to receive free shares. In total, employees could hold a combined 10% stake in the company. More: continued here
UK government gives Royal Mail privatization the stamp of approvalWashington PostThe UK's coalition government laid out plans Wednesday to privatize the Royal Mail. Analysts have speculated that the company could be worth 3 billion pounds ($4.5 billion). The government plans to sell a majority stake but it has yet to decide on the … More:…
Radio 1 Royal Mail workers to get free shares in planned saleRadio 1Postal workers are set to receive millions of pounds' worth of Royal Mail shares when the company is privatised later this year. Business Secretary Vince Cable said employees would be given 10% of shares as part of a stock market flotation. He ……
The British government said on Wednesday that it planned to sell a majority stake in Royal Mail, the country’s postal service, and would give some shares free to workers. More: continued here