Royal Mail valued between £2.6bn and £3.3bn ahead of float

The Treasury has said that Royal Mail would list on the London Stock Exchange next month. BBC business editor Robert Peston says that the privatisation should be completed by 15 October. He adds that this is "long before" a possible strike could happen. Postal workers will begin voting on whether to take industrial action to oppose the plan today. It is expected that 10% of the shares, which will be priced between 260p and 330p, will be given to Royal Mail employees. The government intends to sell between 40.1% and 52.2% of the Royal Mail under its privatisation proposal. The...