Final furlong for Royal Mail float

Michael Bow
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MINISTERS are expected to set the timetable for the flotation of Royal Mail later this week despite last minute hurdles that could scupper the announcement.

Business minister Michael Fallon is close to pressing the button on the £3bn float, which is expected to give each Royal Mail employee free shares worth about £2,000. However ongoing union threats to strike over pay remain and the prospectus laying out the firms’ financial state is yet to be finalised with government.