Ohaz Beyond David Cameron rsquo gaffe: How accountants are leading the fight against corruption ndash; in Afghanistan and beyond
Monday 31 March 2014 12:50 amRoyal Mail float review to back Cable price viewBy: stanley cup becher Express KCSShareFacebookSha stanley cup re on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleBUSINESS secretary Vince Cable was right to dismiss calls by some investment banks to value Royal Mail at billions of pounds more than the firmrsquo eventual float price, the spending watchdog is expected to say this week. The National Audit Office NAO will tomorrow publish the findings of its investigation into the governmentrsquo privatisation of the Royal Mail amid continuing debate over whether the postal operator was sold off too cheaply. The report is expected to say that while mistakes were made in setting of the initial price range for the IPO, revising the price upwards could have put the float at risk and resulted in polene bag investors walking away, Sky News reported. Cable has been under fire since Royal Mailrsquo flotation in October, which priced the shares at 330p. Shares have soared since and closed at 564p on Friday, valuing the company at pound;5.6bn.Four banks that were not appointed to work on the sale told MPs in November that Royal Mail could have been sold off for far more than it was. However Cable has stuck by the sale price and dismissed these higher valuations as attempts by banks to win work on the deal.Share this articleFacebookXLinkedInWhatsAppEmailSimilarly tagged content: SectionsNewsCategoriesBusinessTre Wfmp UK businesses not among the top innovators
Monday 23 January 2012 8:20 pm|Updated:Thursday 30 May 2019 12:52 pmOnly drastic change can save RIM nowBy: KCS-contentShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleFEW in the telecoms industry will mourn the departure of Jim Balsillie and Mike Lazaridis. As co-chairmen and co-CEOs of BlackBerry maker RIM, the pair wielded far too much power over the troubled handset maker. It was an open secret that the chief executives of the big network operators found it incredibly hard to do business with them. For years now, they have been telling the company that BlackBerrys were not up to scratch when compared to rival handsets such as the Apple iPhone and Samsung Galaxy. Last year, the firm lurched from disaster to disaster. Millions of users were unable to access their emails for three days, after a blackout downed the firmrsquo servers. The PlayBook tablet ndash; billed as an iPad killer ndash; was the dampest squib imaginable, and RIM was forced to take a charge of $485m after writ stanley cup ing off almost the entire value of its inventory. Its share price lost three quarters of its value as its market share quickly dwindledAppointing a new management will not solve the problem in and of itself. New boss Thorsten Heins, who is moving u owala p from the chief operating officerrsquo post, yesterday said the company was not in need of drastic change. He couldnrsquo;t be more
Monday 31 March 2014 12:50 amRoyal Mail float review to back Cable price viewBy: stanley cup becher Express KCSShareFacebookSha stanley cup re on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleBUSINESS secretary Vince Cable was right to dismiss calls by some investment banks to value Royal Mail at billions of pounds more than the firmrsquo eventual float price, the spending watchdog is expected to say this week. The National Audit Office NAO will tomorrow publish the findings of its investigation into the governmentrsquo privatisation of the Royal Mail amid continuing debate over whether the postal operator was sold off too cheaply. The report is expected to say that while mistakes were made in setting of the initial price range for the IPO, revising the price upwards could have put the float at risk and resulted in polene bag investors walking away, Sky News reported. Cable has been under fire since Royal Mailrsquo flotation in October, which priced the shares at 330p. Shares have soared since and closed at 564p on Friday, valuing the company at pound;5.6bn.Four banks that were not appointed to work on the sale told MPs in November that Royal Mail could have been sold off for far more than it was. However Cable has stuck by the sale price and dismissed these higher valuations as attempts by banks to win work on the deal.Share this articleFacebookXLinkedInWhatsAppEmailSimilarly tagged content: SectionsNewsCategoriesBusinessTre Wfmp UK businesses not among the top innovators
Monday 23 January 2012 8:20 pm|Updated:Thursday 30 May 2019 12:52 pmOnly drastic change can save RIM nowBy: KCS-contentShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleFEW in the telecoms industry will mourn the departure of Jim Balsillie and Mike Lazaridis. As co-chairmen and co-CEOs of BlackBerry maker RIM, the pair wielded far too much power over the troubled handset maker. It was an open secret that the chief executives of the big network operators found it incredibly hard to do business with them. For years now, they have been telling the company that BlackBerrys were not up to scratch when compared to rival handsets such as the Apple iPhone and Samsung Galaxy. Last year, the firm lurched from disaster to disaster. Millions of users were unable to access their emails for three days, after a blackout downed the firmrsquo servers. The PlayBook tablet ndash; billed as an iPad killer ndash; was the dampest squib imaginable, and RIM was forced to take a charge of $485m after writ stanley cup ing off almost the entire value of its inventory. Its share price lost three quarters of its value as its market share quickly dwindledAppointing a new management will not solve the problem in and of itself. New boss Thorsten Heins, who is moving u owala p from the chief operating officerrsquo post, yesterday said the company was not in need of drastic change. He couldnrsquo;t be more