Baby uses parents' phone to buy Austin Healey on eBayYahoo! Movies (blog)According to KOIN-TV, Sorella Stoute managed to poke into the eBay app on her father Paul Stoute's phone, and from there it was only a "buy-it-now" tap to ownership of a British roadster — albeit one in pieces, with …
Read More »UPDATE 2-UK to list Royal Mail, woos workers with free shares – Reuters
UPDATE 2-UK to list Royal Mail, woos workers with free sharesReutersUK to list majority stake in Royal Mail by end March. * To give away 10 pct stake in firm to UK postal workers. * To be biggest UK privatisation for around 20 years. * Analysts see Royal Mail valued …
Read More »Royal Mail privatization pushes the envelope
LONDON (AP) — The Royal Mail can trace its history back 500 years to the time of Henry VIII and its bright red “pillarboxes” grace streets across the UK — from the Scilly Isles to Scotland. More: continued here
Read More »UK to IPO Royal Mail – Wall Street Journal
UK to IPO Royal MailWall Street JournalThe selloff will create the largest employee share scheme of any British privatization for almost 30 years, with about 150,000 Royal Mail employees eligible to receive free shares. In total, employees could hold a combined 10% stake in the company. More: continued here
Read More »Postal workers to get shares in private Royal Mail – Yahoo! News
Postal workers to get shares in private Royal MailYahoo! NewsThe UK's coalition government laid out plans Wednesday to privatize the Royal Mail. Analysts have speculated that the company could be worth 3 billion pounds ($4.5 billion). The government plans to sell a majority stake but it has yet to decide …
Read More »Cable Said to Outline Plan for UK Royal Mail Shares Sale (1) – Businessweek
Cable Said to Outline Plan for UK Royal Mail Shares Sale (1)BusinessweekU.K. Business Secretary Vince Cable will today announce plans for the sale of shares in state-owned Royal Mail Group Ltd., with 10 percent of the stock to be given to staff, according to a person familiar with the proposals. …
Read More »Southampton Post Office: Mow or Let It Grow? – Patch.com
Southampton Post Office: Mow or Let It Grow?Patch.comWhen the Southampton Post Office moved to North Sea Road a couple years ago, it included a landscaping plan that was aimed at saving money and reducing environmental impact — but was also considered by many to be an eyesore. The plan was …
Read More »Royal Mail Employees to Get Free Shares in IPO – New York Times
New York Times Royal Mail Employees to Get Free Shares in IPONew York TimesPlans to privatize Royal Mail have become more concrete recently when the service's finances improved and pressure to reduce the budget deficit increased. Royal Mail had struggled to compete with other postal services in an increasingly competitive …
Read More »Don’t Expect The U.S. Post Office To Copy Britain’s Royal Mail IPO
The iconic red delivery vans, the ones complete with the Royal Warrant, that speed off everyday in service of Britain’s Royal Mail are soon to become the property of public shareholders. The long-awaited privitisation, er, IPO of Royal Mail is officially set to happen within the next nine months. More: …
Read More »Royal Mail lined up for £3bn float
The Government unveiled plans for a £3bn float of Royal Mail on the London Stock Exchange, relegating efforts by private equity to buy the delivery service to a “reserve option”. More: continued here
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