Royal Mail

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 …

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: …

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 …

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 …

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

Britain’s Royal Mail, a traditional part of British life that can trace its history back 500 years to the days of Henry VIII, is to be privatised. More: continued here

Royal Mail IPO Could DeliverWall Street Journal (blog)A heavily unionized utility in the snail-mail business hardly seems an ideal float candidate. Add in a mélange of politics—inevitable in what will be the U.K.'s biggest privatization in more than 20 years—and an initial public offering of Royal Mail… More: continued here

UK to list Royal Mail, woos workers with free sharesChicago TribuneAnalysts expect the initial public offering (IPO) to value Royal Mail, which traces its roots to a service founded by King Henry VIII in 1516, at 2-3 billion pounds ($3-$4.5 billion), so selling a majority stake could raise over 1 …

Royal Mail sale: staff in Manchester insist privatisation is wrong moveThe GuardianThey had mountains of letters to sift through, most of which had been dropped off by rival companies, such as TNT, the winners of outsourcing deals involving picking up mail from Barclays, Matalan and other big firms (the sort …

Ministers keep options open on Royal Mail sell-offFinancial TimesMinisters are keeping open the option of selling off the whole of Royal Mail in one go as they seek to build investor enthusiasm for Britain's most ambitious privatisation in two decades. Ministers pledged on Wednesday to enlist the public as well …