UK lawmakers criticise Royal Mail sale advisorsRTE.ieBritain's biggest privatisation in years was blighted by a fear of failure and poor advice from state-appointed banks. This is according to a committee of lawmakers after an inquiry into the £2 billion sale of Royal Mail. Britain sold a 60% stake in … More: continued here
Re/code With eBay's Earnings on Tap, Its Data Breach and SEO Penalty Loom LargeRe/codeOn Wednesday, eBay will report financial results for the second quarter. Analysts are expecting average earnings of 68 cents per share on $4.38 billion in revenue. But the combination of two negative events that occurred halfway through the quarter …Why eBay (EBAY)…
Van Wyck likely to keep post officeThe StateBrian White, a Charlotte-based supervisor with the U.S. Postal Service, said the 50 or so people Wednesday were the most he'd ever seen turn out at a meeting to discuss service changes at a local post office. Resident Jane Massey gave a simple …and more » More: continued here
Telegraph.co.uk Questor share tip: How far could Royal Mail shares fall?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, … More: continued…
The Commons business committee's damning indictment of the knock-down sale of Royal Mail will have come as absolutely no surprise to anyone in Westminster or the City. For Cable and ministers to now claim all the criticisms are pure hindsightism is nonsense. More: continued here
Life in the private sector is proving tough with parcel volumes falling and increased competition hitting the shares.Questor thinks the long term investment case remains. More: continued here
The Independent Royal Mail sale: Taxpayers lost out on £1bn, says MPs' committeeThe IndependentThe committee went on to condemn the undervaluing of buildings that the Royal Mail is now likely to sell. These include three sites in London, valued by Mr Cable's department at £200m, which the National Audit Office put at £330m to £830m….
FedEx's Package Lab puts thousands of boxes a year to the test to make sure they're up to the rigors of being shipped. CNET Road Trip 2014 checked out the package torture. More: continued here
The Guardian Royal Mail sale underpriced by £1bn, says scathing select committee reportThe GuardianRoyal Mail was privatised in October when the government sold 60% of its stake at 330p a share, valuing the company at £3.3bn. On their first day of trading, the shares jumped by 38% – far higher than normal for a flotation…
Mirror.co.uk Loom band DRESS goes up for sale on eBay for over £150000Mirror.co.ukAre you crazy for loom bands? Well now you can own a dress made of them – if you've got a cool £154,000. The loom band craze appears to be reaching new heights as eBay bids for a dress made out of the…