Royal Mail

Royal Mail Wins EU Approval for UK Government Pension AidBloombergRoyal Mail Group Ltd. won European Union approval for UK government aid to pay for some pension costs. The European Commission authorized restructuring aid that would reduce the state-owned postal operator's debt by 1.089 billion pounds ($1.7 billion), … More: continued …

BRUSSELS (Reuters) – British state-owned Royal Mail Group won EU regulatory approval on Wednesday for a 1.09 billion pound (1.3 billion euros) cut in its debt as part of a restructuring plan to tackle its pension costs. The European Commission said the revamp included measures that would ensure that Royal …

Bradford Council motion supports Royal Mail closure protestBradford Telegraph and ArgusCouncillors are expected to throw their weight behind a campaign against Royal Mail's closure of three delivery offices in the district. Councillor Rizwan Malik (Lab, Heaton) is asking Bradford Council to back a call for the offices at Shipley, … …

Royal Mail move boosts govt accounts – for nowPolitics.co.ukBy politics.co.uk staff The government is taking over Royal Mail's pension scheme in a move which will significantly improve George Osborne's bid to reduce the deficit. His Budget on Wednesday will include £28 billion taken from the Royal Mail's… More: continued here

Sky News Royal Mail Pension Windfall To Go On DeficitSky NewsA £28bn windfall from transferring Royal Mail pensions to the state will be used to pay down the deficit rather than to invest in major projects, according to the Treasury. Officials believe the deal may be approved in time for …

Daily Mail Brussels to approve Royal Mail pension moveFinancial TimesBy Alex Barker and Brian Groom The European Commission will give the green light on Wednesday to the government's plan to take over Royal Mail's pension fund, removing one of the main obstacles to privatising the state-owned postal operator.Royal Mail pension …

Financial Times Government to take on Royal Mail pensionsFinancial TimesBy Hannah Kuchler and Brian Groom The UK government will take on Royal Mail's pension fund next month, guaranteeing retirement benefits for postal workers and paving the way for the privatisation of the service, Treasury sources have said ahead of the …

Gilt Sales to Climb Next Year as Osborne Fiscal Targets at RiskBloombergRoyal Mail Gilts have lagged behind US Treasuries, German bonds and Japanese debt this year, losing 3.2 percent, according to indexes compiled by Bloomberg and the European Federation of Financial Analysts Societies. UK bonds returned 17 percent last …UK …

Norfolk Eastern Daily Press BREAKING NEWS: Suspicious package found at Diss Royal Mail delivery officeNorfolk Eastern Daily PressWorkers and residents in Diss town centre have been evacuated this morning following a report of a suspicious package at the Royal Mail delivery office. To send a link to this page to …

Daily Mail Royal Mail pension privatisation: Far from providing a windfall, it turns MPs …Daily MailAccording to the neutral voice of the BBC news website: 'Royal Mail pension fund assets and liabilities are set to be transferred to the government next month, subject to EU approval, the BBC understands. The …