Financial Times (July 10)
“The coalition government’s plan to sell off Royal Mail is ambitious. Even Margaret Thatcher balked at such a course, fearing the political risks outweighed any commercial and financial gains…. Success is far from assured. Nonetheless, Royal Mail has brighter prospects in private hands. Britain will be well served if investors profit from creating a postal service that meets its needs.”
Tags: Government, Investors, Margaret Thatcher, Privatize, Profit, Prospects, Risks, Royal Mail, UK
Financial Times (May 14, 2013)
In the UK, the state-owned Royal Mail may be taken public this fall in line with legislation passed in 2011. In marked contrast to the U.S. Postal Service, which is hemorrhaging money, the Royal Mail’s “fortunes have been improving as a result of modernisation and the boom in internet-related packet deliveries,” leading observers to value it at £2bn-£3bn.
Tags: Boom, Internet, IPO, Legislation, Royal Mail, UK, USPS
