Royal Mail chief Brydon tilts for IPO - papers

Laura Miller
clock

Royal Mail's chairman is advising ministers to plan for a multi-billion pound stock market flotation in an options-open approach to privatisation.

The plans could take could take two or three years to come to fruition, the Financial Times reports. Donald Brydon says the state-owned postal operator is entering a "new era", with better industrial relations and an opportunity finally to sort out its pension deficit, regulation and ownership. He says: "The one way to do this sensibly is to work on the assumption you are going to do an IPO, because to do that you have to be able to answer every question you need to answer." "If good alternative buyers emerged, ministers would then have a benchmark against which to judge offers." ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Why the lead-up to the Budget may have been worse than the Budget itself

Why the lead-up to the Budget may have been worse than the Budget itself

What Rachel Reeves and Dr Evil have in common

Laith Khalaf
clock 13 November 2024 • 4 min read
Bank of England meets expectations with 25 basis point rate cut to 4.75%

Bank of England meets expectations with 25 basis point rate cut to 4.75%

'Continued progress' on disinflation

Valeria Martinez
clock 07 November 2024 • 2 min read
'Budget will be a reset for our economy' Reeves tells IMF colleagues

'Budget will be a reset for our economy' Reeves tells IMF colleagues

Autumn Budget on 30 October

Linus Uhlig
clock 24 October 2024 • 2 min read