Royal Mail

The details of the privatisation of Royal Mail will be announced later on Wednesday by the Business Secretary, Vince Cable. More: continued here

The Guardian Top City Fund Manager Backs Royal Mail SaleSky NewsSpeaking exclusively to Sky News, Martin Gilbert, chief executive of Aberdeen Asset Management, dismissed talk of industrial action that could disrupt a privatisation of Royal Mail as "union noise" and said he expected institutional investors to take a …Royal Mail staff to be offered up…

Privatising Royal Mail will help secure our postal service’s long-term future, says Michael Fallon         More: continued here

Royal Mail employees will get shares that could be worth as much as 300 million pounds as part of the British government’s plans to list the state postal operator, Sky News reported, in what would be Britain’s … More: continued here

The tax payer can no longer afford to run a national postal service because doing so diverts money away from hospitals and schools, the postal services minister will say today.         More: continued here

Royal Mail privatisation on trackIndependent OnlineRoyal Mail, whose history dates back to 1516 and King Henry VIII, and the government, argue access to external capital is vital to the firm if it is to continue shifting its business towards a future focused more on parcels. As part of the government … More: continued here

The Guardian Royal Mail staff to be offered up to £2000 each as part of privatisationThe GuardianThe government has already committed to granting 10% of the shares to Royal Mail staff, but has yet to state whether they would be given away for free or at a steep discount. Sources close to the government said…

Peterborough Royal Mail workers return to workBBC NewsRoyal Mail spokesperson Sally Hopkins said: "We'd like to apologise to customers for the recent disruption to service as a result of the unballoted industrial action taken by the Communication Workers Union over the last few days. "We're doing all we … More: continued here

Communications union says postal workers will not ‘sell their souls’ for a 10% stake in the ‘great British flog-off’ More than 100,000 postmen and women will be promised a personal windfall of up to £2,000 each as part of the controversial £3bn privatisation of Royal Mail. Vince Cable, the business secretary, is expected to say…

One of the City’s leading fund management executives is backing a £3bn flotation of Royal Mail on the eve of a Government update on plans to privatise the postal operator. More: continued here