Royal Mail

Royal Mail Flotation Banks ConfirmedSky NewsThe Wall Street banking giant Goldman Sachs landed a plum role on Wednesday advising on the £2.5bn flotation of Royal Mail, the biggest British privatisation in decades. The Government confirmation came after Sky News revealed that a syndicate of banks … More: continued here

Royal Mail sale figure incorrectHerald ScotlandShould we proceed with an IPO, these banks will receive a tiny percentage of the amount raised in the share offering, rather than a percentage of the overall market capitalisation of Royal Mail. Royal Mail's market valuation is yet to be determined so … More: …

Hemel Gazette Unthinkable? Not privatising Royal MailThe Guardian… return for hefty fees (even if business minister Michael Fallon considers £30m "speculation", his letter to this paper yesterday did not rule out the sum); provision has been made for postal workers to enjoy a £300m stake; and the Royal Mail's …Postal …

The traditional reason for flogging the service was that it was a financial basket case. Not any more If ministers get their way, our postal services will be sold off within a year. Details of the privatisation are taking shape: Goldman Sachs and UBS will be in charge of a …

This is Money Q&A: Royal Mail'click and collect' – how will it work?This is MoneyHow much will it cost? A spokesman for Royal Mail said that it will not be adding any extra cost onto retailers as it already charges businesses a fee to deliver their items. So, in theory, …

Royal Mail sale is waste of millions in bank fees, say opponentsHerald ScotlandUBS, Goldman Sachs, Barclays and Bank of America Merrill Lynch will work with the Conservative-Liberal Democrat administration, the Royal Mail and advisers to prepare for the controversial sale. Opponents said the banks were set to make £30 million. …

Royal Mail to cap benefits despite liability transferProfessional PensionsA Royal Mail van. The Royal Mail Pension Plan (RMPP) is planning to cap members' pensionable pay increases as costs escalate and privatisation looms, despite a liability transfer to the government. The RMPP, which supports staff for the Royal Mail and …Financial …

Royal Mail announces changes to postal service in BromsgroveBromsgrove AdvertiserROYAL Mail has announced there are to be changes in the way it delivers mail in Bromsgrove. Postmen and women will be using new delivery methods and different delivery routes under the changes, which are to be rolled out on a …

The Times (subscription) Scandal-hit banks to send Royal Mail to stock marketThe Times (subscription)Two of the world's biggest — and most controversial — investment banks are to lead the privatisation of the Royal Mail. UBS and Goldman Sachs will be joined by a third bank, Barclays, which has been at …

Financial News: Pensions Woes Haunt Royal Mail as IPO LoomsWall Street JournalThe prospect of new pensions difficulties emerged in a letter sent by Royal Mail to its staff and its trade unions this week and seen by Financial News. In the letter it warned them that the pensions issue is …