Vince Cable set to present details of £3bn Royal Mail sell-offFinancial TimesRoyal Mail is “ready” to be sold off, the business minister said on Wednesday morning, kicking off the largest privatisation for two decades. Michael Fallon said the state-owned delivery service needed access to private capital to invest as it … More: continued here
The government on Wednesday announced plans to privatise more than half of Royal Mail following a major restructuring in recent years triggered by a surge in email use. More: continued here
Privatisation: The latest twist in Royal Mail's historyITV NewsHenry VIII actor Ellis Pike poses with a blown-up version of the 1st class stamp. Photo: David Parry/PA Archive/Press Association Images. A plan to privatise the Royal Mail, which will see around 150,000 workers handed shares worth millions of pounds … More: continued here
Business Secretary Vince Cable has confirmed that the government will sell Royal Mail through a flotation on the London Stock Exchange. More: continued here
CVC Signals Royal Mail Interest As Float LoomsSky NewsThe private equity firm that tabled a bid for Royal Mail four years ago has told the Government that it will revive its interest if attempts to privatise the postal services group through a stock market listing are unsuccessful. Sky News can reveal … More: continued here
Telegraph.co.uk Royal Mail will be given the freedom to thriveTelegraph.co.ukThis year will be one of the most significant in Royal Mail's history. Its iconic red pillar boxes have graced our streets since the 1850s and it has since become one of Britain's biggest companies. But if we are to secure its future for the long…
The Times (subscription) Flotation of Royal Mail'will lead to strike action'The Times (subscription)Plans to give 150,000 Royal Mail workers shares worth up to £2,000 in the flotation of their company were thrown back at ministers last night as union leaders said that privatisation of the state postal network would provoke a strike. Vince Cable is…
The Guardian Royal Mail privatisation plans to be unveiledFox NewsAt the same time however, Royal Mail has enjoyed a surge in a profits thanks to the increasing popularity of online shopping which generates parcel traffic, and owing also to deep cost-cutting and big increases in stamp prices. Union leaders meanwhile …Royal Mail staff to be offered…
The private equity firm that tabled a bid for Royal Mail four years ago has told the Government that it will revive its interest if attempts to privatise the postal services group through a stock market listing are unsuccessful. More: continued here
Royal Mail Privatisation: Business Department Risks 'Chaos' In Announcement …Huffington Post UKLabour's postal services spokesman Ian Murray warned that privatising the Royal Mail would lead to a "cherry picking" of regional services. "The government is rushing this through in a fire sale to meet the demands of the Treasury," he told the … More: continued…