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Showing posts with the label UBS

"Theives" gain a 13.3p dividend as Royal Mail Profits rise to £430million.

  http://www.theguardian.com/uk-news/2014/may/22/royal-mail-annual-profits-rise-competition-rivals Royal Mail annual profits rise Royal Mail sorting staff   Operating profit after one-off costs rose to £430m from £403m a year earlier on revenue up 2% to£9.46bn. In its first set of annual results since last year's flotation, the group announced a 13.3p dividend for the second half of the year. Another "little" bonus for the the thieving bankers, hedge funds and "investment" brokers, aided and abetted by  the duplicitous Cable and the other ConDem government conspirators who stole this organisation at the time of privatisation and defrauded the British public of £ millions.

The Royal Mail privatisation rip off, will not be investigated. Are we really surprised?

  http://www.huffingtonpost.co.uk/2014/04/28/royal-mail-fca-margaret-hodge-_n_5226303.html?utm_hp_ref=uk Royal Mail Privatisation Will Not Face Probe, Says City Watchdog   Business Secretary Vince Cable and Business Minister Michael Fallon FCA chief executive Martin Wheatley "FCA chief executive Martin Wheatley told MPs that the watchdog had seen no evidence of regulatory failure, despite being unable to say if the process - which saw Royal Mail's share price soar 38% in the first day - had entirely complied with the rules as it had not launched an investigation." The government, certainly the Tory part of it, "gave away" Royal mail at a knock down price to friends in the city. The "sale" of a few shares to the workforce at Royal mail was no more than a token gesture. It is hardly surprising that the scam privatisation will not be probed by the Financial Conduct Authority. Like the man said, "They are a...

Royal Mail to sack 1300 people.

http://news.sky.com/story/1231405/royal-mail-confirms-plans-to-axe-1300-jobs Royal Mail Confirms Plans To Axe 1,300 Jobs Royal Mail sorting staff The government sale of Royal Mail to their "friends" in the city for a give away price was predicted at the time to be bad for Royal Mail, bad for its customers and most importantly bad for the people employed by the organisation. Today's news that 1300 people are to be sacked comes as no surprise to those of us who have opposed the whole concept of privatisation for many years. The pillaging of Royal Mail is just the latest example of Tory plundering of public assets. The sacking of the 1300 will not be the last.

Royal Mail share allocated to "advisers" rise in value by £29m since floatation.

  http://www.theguardian.com/uk-news/2013/oct/25/royal-mail-shares-record-price Royal Mail sell-off advisers allocated millions of shares City advisers were given the opportunity to buy 13m shares in Royal Mail   The "advisers" including Goldman Sachs and UBS, advice to Vince Cable, results in the government selling the shares at a "discounted price" of £3.30. The "advisers" are allocated millions of shares which are now trading at £5.50 per share. There is something very smelly about the whole privatisation of Royal Mail scam which has made hedge funds (one of which is now the major shareholder in the "new" Royal Mail), institutional investors, speculators and "advisers" all a very great amount of money, at the expense of the British taxpayers and the people who are (currently) working for Royal Mail. Vince Cable and the ConDem coalition government, have some very serious questions to answer about this latest rip off of p...