Taxpayers lost out due to the Government's low valuation of Royal Mail (Other OTC: ROYMF – news) shares during its privatisation, the National Audit Office has found. The Government sold £2bn-worth of shares in October, amounting to 60% of the company. The NAO points out that on the first day of trading alone, Royal Mail's…
ITV News Royal Mail: Investors saw a profit and took itITV NewsIn a sense the sale was a huge success – such was thestampede for a piece of the action that by the end of day the shares that thegovernment had sold for 330 pence were changing 455 pence – a rise 38%. The government's…
It is about to get tricky for customers in Horace to mail their packages and get stamps. Their post office retail windown will go from being open 8 hours a day to only being open for 6 hours a day. It's More: continued here
eBay Signs Retail Chains to Same-Day Delivery ServiceEcommerceByteseBay Now is a same-day delivery service, but not for items offered on eBay.com by its millions of sellers – at least not yet. Instead, the eBay Now service is exclusively for local brick-and-mortar retailers in certain cities: San Francisco and the …and more » More: continued here
Your View: Last chance to save New Bedford Post OfficeSouthCoastToday.comAs a retired Postal Service employee I stand in staunch opposition to the relocation of the Downtown George N. Leighton Main Post as proposed by the U.S. Postal Service. Although USPS real estate representative Joseph J. Mulvey was quick to point out …and more » More: continued…
Telegraph.co.uk Royal Mail shares: taxpayers and small investors lost outTelegraph.co.ukMinisters justified that decision by arguing that institutional investors were more likely to hold the shares for a long period, ensuring stable ownership for Royal Mail. But the NAO found that most of the “priority” investors sold some or all of their … More: continued here
The National Audit Office (NAO) said on Tuesday the government's cautious approach to last year's sell-off of state postal group Royal Mail had led to a sale price that had short-changed the taxpayer. The government's decision to sell a 60 percent stake in Royal Mail last October for 330 pence a share has been heavily…
ITV News Caution over Royal Mail sale 'cost taxpayer'ITV NewsThe Government could have achieved better value for the taxpayer through its controversial privatisation of Royal Mail, according to a new report which revealed that most investors given priority to buy shares, sold them shortly after making a profit. More: continued here
It is about to get tricky for customers in Horace to mail their packages and get stamps. Their post office retail window will go from being open 8 hours a day to only being open for 6 hours a day. More: continued here
NEW YORK (AP) — FedEx has cost New York state more than $10 million by unlawfully shipping contraband cigarettes to consumers, the state's attorney general said Monday as his office joined a lawsuit More: continued here