Latest Business News: Britain to Unveil Royal Mail Privatization Plans

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Latest Business News: Britain to Unveil Royal Mail Privatization Plans

by Wochit 0:53 mins

Latest Business News: Britain to Unveil Royal Mail Privatization Plans

by Wochit 0:53 mins

Britain will push ahead with its biggest privatization in decades when it unveils plans for a $3.7 billion stock listing of state postal operator Royal Mail. Mario Draghi, The European Central Bank president, speaking in Brussels at the quarterly hearing of the European Parliament's Committee on Economic and Monetary Affairs, said the Bank's take on Portugal was not to undo its fiscal consolidation progress so far - but make it more growth-friendly. Investment advisory firm ISS has recommended Dell Incorporated shareholders vote in favor a $24.4 billion offer for the PC maker from founder and Chief Executive Michael Dell, the company's special committee said.

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