Archive for the ‘Privatization’ Category
Royal Mail Sell-Off ‘Delayed’
The British government’s controversial plan to sell off part of the Royal Mail has been derailed. It couldn’t get its price from either TNT or CVC Capital Partners and so has abandoned the idea – at least for the moment. The government was reportedly prepared to sell 30% of the Royal Mail for two billion [...]
UK Government Presses On with Passions-Enflaming Post Plan
The British government is pushing ahead with its plan to sell off a piece of the Royal Mail to a foreign entity despite the hullabaloo it has raised. The unions have taken to the streets in protest and rebellious Labor MPs in the House of Commons have signed a motion opposing the measure forcing the [...]
Profits Complicate Royal Mail’s Sell-Off Plans
The Royal Mail has reportedly set its cap on hiring long-time Barclays investment banker Donald Brydon, now the chairman of both the Smiths Group, an engineering company, and the London Metal Exchange, to replace its own chairman Allan Leighton, who is scheduled to step down in March. If the appointment is secured – and at [...]
Royal Mail Privatization Plan To Face Opposition
Members of Parliament who oppose the UK government’s plan to sell off a minority piece of the Royal Mail are expected to introduce a motion in the House of Commons this week seeking to derail the plan. The Labor government finds itself in the disconcerting position of facing opposition from its own ranks considering the [...]