Company news from ShareCast
Post Office rumoured to be planning IPO for Thursday
Plans for the £3bn privatisation of the 497-year-old postal service were announced back in July, when the government admitted it needed to gain access to private capital to enable the business to grow.
Sky News said that it "understands" that several City institutions, including Lansdowne Partners and Standard Life Investments, have indicated their interest in investing in the company, despite the Communication Workers Union (CWU) recently warning strike action could be "inevitable".
The union is disputing the settlement of its 2013 pay claim, further changes to the workers' pension scheme, the impact of possible privatisation on job security, as well as the company's future strategy.
The government has previously said that it intends to give staff at Royal Mail a 10% stake in the company for free.
The official statement, known as an Intention to Float, is expected to be released at 7:00 on Thursday.
However, the Department of Business, Innovation and Skills said on Monday that a final decision about the date of the IPO had not yet been made.
Tuesday preview: Guidance from TUI may please
Mon 09 December 2013 16:00
Great Portland Estates to sell 20 St.James's Street for 54.5m pounds
Mon 09 December 2013 12:12
Kazakhmys raises cost estimates for Bozshakol by 350m dollars
Mon 09 December 2013 13:39
Kazakhmys sells assets to strengthen balance sheet and re-focus
Mon 09 December 2013 11:00
Jupiter CEO Bonham Carter to hand over reins to Slenderbroek
Mon 09 December 2013 11:04
Company news: Most read
RBS reports hacking incident
Fri 06 December 2013 15:58
Aviva's McFarlane to succeed FirstGroup Chairman Gilbert
Fri 06 December 2013 07:52
Berkeley Group's half-year profits rise on housing demand
Fri 06 December 2013 09:30
InterContinental Hotels Group's CFO resigns
Fri 06 December 2013 11:06
Domino's Pizza CEO resigns
Fri 06 December 2013 07:46
|FTSE All Share||3,505.91||+0.17%|
|Paris CAC 40||4,134.10||+0.11%|
|International Consolidated Airlines Group SA||366.10||+2.38%|
|Hargreaves Lansdown plc||1228.00||+1.57%|
|TUI Travel Plc||384.00||+1.56%|
|Tullow Oil plc||869.50||-3.34%|
|Vedanta Resources Plc||821.50||-2.72%|
|Marks & Spencer Group plc||461.00||-2.06%|
Articles on the economy and stock markets
5 December 2013
Adrian Lowcock gives his reaction to today's Autumn statement.
12 November 2013
Co-operative Group debt and preference shareholders must act before noon 27 November or risk losing all of their investment. Jason Roberts looks at holders' options.
11 November 2013
Meera Hearnden looks at the prospects for the infrastructure sector and how investors can gain exposure.