Royal Mail chief Brydon tilts for IPO - papers

The plans could take could take two or three years to come to fruition, the Financial Times reports. Donald Brydon says the state-owned postal operator is entering a "new era", with better industrial relations and an opportunity finally to sort out its pension deficit, regulation and ownership. He says: "The one way to do this sensibly is to work on the assumption you are going to do an IPO, because to do that you have to be able to answer every question you need to answer." "If good alternative buyers emerged, ministers would then have a benchmark against which to judge offers." ...