By Kathryn Reed STATELINE – Boxes are scattered about, the floor is torn up, one person is putting mail into individual boxes, construction crews are out front. A tree blocks the direct route to the loading dock, the roofline is crumbling from being hit by trucks, concrete is in need of repair. This is the…
WITN Jacksonville Post Office open on SundayWITNOne post office here in Eastern Carolina will be open on Sunday for those last minute gift givers. The Postal Service says the main Jacksonville Post Office will be open from 10:30 a.m. to 2:30 p.m. Sunday. After Monday's busiest mailing day of the …Post Office gets slammed on…
BBC News Royal Mail privatisation £180m underpriced, review saysBBC NewsThe government made £180m less from the £2bn sale of Royal Mail than it could have, a report commissioned by Business Secretary Vince Cable has said. It says shares could have been valued up to 30p more than the flotation price of 330p because of the …Retail…
UK Royal Mail Sale Probe Recommends Flexibility in IPOsBusinessweekA report on the sale of Royal Mail Group Plc (RMG) calls for changes to the way initial public offerings are managed in London, saying greater flexibility would have allowed the government to raise more money. The report by former Labour Party Treasury … More: continued here
The Guardian Royal Mail sale underpriced by £180m, Myners report saysThe Guardian“I regard the Royal Mail privatisation to have been a complex exercise executed with considerable professionalism. Many previous governments attempted to sell but failed. The sale was done against a backdrop of global economic uncertainty and a threat … More: continued here
Taxpayers lost out on a lower sum from the privatisation of Royal Mail than the £1bn suggested by MPs earlier this year, a report commissioned by Vince Cable will conclude this week. More: continued here
Inquiry: UK Lost £180m From Royal Mail SaleSky NewsEarlier inquiries by the National Audit Office (NAO) and the Business, Innovation and Skills (BIS) select committee said taxpayers had lost out on up to £1bn when the Government sold 60% of Royal Mail to private sector investors, including sovereign … More: continued here
Scotsman Public shortchanged by Royal Mail sell-offScotsmanHowever, Mr Myners will also say he supports a wider review of so-called initial public offerings and the way the Shareholder Executive – which manages state-owned assets – handled the Royal Mail privatisation. His report will highlight some so-called … More: continued here
Former city minister says sell-off was professionally executed and rejects claims £1bn more could have been raised A government-commissioned report on the sale of Royal Mail has concluded that £180m more might have been realised from the sale, but broadly backs ministers’ cautious approach to pricing. The report by former city minister Lord Myners says…
A report on the sale of Royal Mail Group Plc (RMG) calls for changes to the way initial public offerings are managed in London , saying greater flexibility would have allowed the government to raise more money. More: continued here