Telegraph.co.uk Royal Mail – What is it worth today?Telegraph.co.ukRoyal Mail shares have fallen by 17pc so far this year as competition increases and parcel volumes suffer a slowdown. Questor accepts the share price may be weak for the next 12 months but the long-term investor should focus on the growing dividends, …and more » More: continued here
Telegraph.co.uk Botched Royal Mail sale cost taxpayers £1bnTelegraph.co.ukIn a highly critical report, MPs on the committee have concluded that ministers were given “poor quality advice” by the bankers over the valuation of Royal Mail, demand for its shares, the price investors would pay, and the risks of strike action at … More: continued here
Life in the private sector is proving tough with parcel volumes falling and competition hitting Royal Mail shares. Questor thinks the long term investment case remains More: continued here
BBC News Business Secretary Vince Cable defends Royal Mail sell-offBBC NewsTaxpayers may have lost out on about £1bn from the undervaluing of Royal Mail, a committee of MPs has said. The Business, Innovation and Skills select committee says ministers were given "poor quality" advice and failed to get a good enough return on … More: continued…
The Isle of Man Post Office is marking the official celebrations of the 50th display season of the RAF Red Arrows by releasing a unique collectable – commemorative stamp sheets which were flown inside the aircraft during a display in June. In February, the Isle of Man Post Office issued six stamps marking the 50th display…
Parliament’s Business, Innovation and Skills Committee said that government officials underestimated the potential market value of the Royal Mail when it was privatized in October and relied too heavily on the professional judgment of their outside advisers. More: continued here
Great Broughton Post Office has unveiled a plaque commemorating its most famous sub postmaster – artist Percy Kelly. More: continued here
MPs: Taxpayer Short-Changed On Royal Mail SaleYahoo Finance UKThe controversy over the £3.3bn privatisation of Royal Mail (LSE: RMG.L – news) has erupted again as an influential group of MPs has criticised Vince Cable over his handling of the sale. In a coruscating report, the Business, Innovation and Skills (BIS … More: continued here
By William James LONDON (Reuters) – Britain's biggest privatisation in years was blighted by a fear of failure and poor advice from state-appointed banks, a committee of lawmakers said on Friday following an inquiry into the 2 billion pound ($3.4 billion) sale of Royal Mail. Britain sold a 60 percent stake in the postal service…
The Post Office is to launch a mobile phone service, in partnership with EE from the autumn. Building on its existing broadband and home phone service, the launch will be get underway in 50 branches and … More: continued here