Postal Updates

Private investors to be kept out of Royal Mail sale: Afternoon Report

June 05, 2015 04:57 PM

  • The Royal Mail is placing special stamp plaques on postboxes across the UK to mark a half-century of the modern Special Stamp program.

1. Royal Mail sale

The 30 percent stake in Royal Mail that the UK government is planning to sell off will not be made available to private investors, according to The Telegraph. At least not right away.

"Whitehall sources said the Government was likely to offer the shares at a small discount to the market price large City institutions to keep the costs of the flotation down," The Telegraph reports. "The banks and City investors will then be able to sell on the shares to small private investors at a profit."

More, including opposition to the keeping out of private investors, here.

2. Week's Most Read

Linn's Stamp News is looking back at its five most-read stories of the week, according to reader metrics. 

3. Chinese stamp blocks sell

Three rare, large blocks of early Chinese stamps that surfaced a few months ago in an English attic after lying hidden for more than a century were auctioned for close to $1 million.

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