Government to float Royal Mail within weeks

A postal worker pushes a cart at a Royal Mail sorting office in LoughboroughBy Neil Maidment LONDON (Reuters) – Britain embarked on its largest privatisation in decades on Thursday as the government unveiled plans to sell the majority of the near 500-year-old state-owned Royal Mail postal service. The Department for Business said a stock market flotation would take place in coming weeks, giving the public a chance to buy into the postal network. Ten percent of the shares will be given to Royal Mail staff. …

Related Post

Comments are closed.