Investing
Tuesday newspaper round-up: Royal Mail, housing data, Alcoa
Royal Mail privatisation details to be announced; further recovery in housing market; Alcoa warns of possible $180m bill to settle corruption inquiry.
Business Sectretary Vince Cable will announce on Wednesday that the public will be able to buy shares in Royal Mail in the biggest state privatisation for over two decades, The Telegraph reported.
New data on the housing market on Tuesday will add evidence that the economy is turning a corner, with homeowners and consumers displaying new-found confidence, The Times said.
Alcoa faces a bill of up to $180m to settle a bribery investigation by the US Department of Justice, the US aluminium company revealed on Monday, according to the Financial Times.
The Government has ruled out an investigation into whether Royal Bank of Scotland should be broken up and sold off in smaller component parts to spur competition in the banking sector, The Guardian revealed.
Government plans to reform banks were criticised on Monday night as ministers chose to ignore some of the key proposals of the Parliamentary Commission into Banking Standards that it set up, The Independent reported.
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