Three selloff attempts in the last 19 years have failed due to opposition from within the governing majority, which feared an electoral backlash from tampering with a revered institution whose red post-boxes are known around the world. The latest sale effort has been criticized by the current opposition Labour party and unions, who on Friday sent out ballot papers for strike action. The ballot will close on October 16, five days after Royal Mail is scheduled to make its stock market debut, with the earliest possible strike date being October 23. UNDER PRESSURE Labour, which polls show is the frontrunner to win the next election, has come under pressure from its union backers and party activists to pledge to renationalize Royal Mail. While it has not ruled this out, Labour said it would be irresponsible to do so without knowing how much it could cost. The head of equities at a UK fund manager said Labour leader Ed Milliband’s promise earlier this week to freeze energy prices for 20 months if his party wins power in May 2015 may have made Royal Mail more attractive to some investors. “The income fund managers are quite intrigued by it (Royal Mail),” said the manager, who declined to be named. “If our friend Ed is going to make things difficult for utilities … this is potentially quite a nice thing coming through.” The government said it planned to pay a final 2014 dividend totaling 133 million pounds, equating to a full-year payout of 200 million had the group been listed for the full year. Based on the offer price range, that full-year payout gives Royal Mail an implied dividend yield of between 6.1 percent and 7.7 percent – making it attractive at a time when a regular UK savings account is yielding less than 3 percent. Britain has also agreed to hand 10 percent of Royal Mail’s shares to staff in the largest share giveaway of any major UK privatization. If distributed equally among the eligible 150,000 UK-based workers, each could receive 2,200 pounds worth. The government said it expected around 30 percent of the shares on offer would go to individual members of the public, who must spend a minimum of 750 pounds to invest in the company.
She still ranks fourth all-time in UKs career scoring chart with 1,797 career points good for an average of 18.2 per game. A four-year starter at forward, Nichols remains the only player in program history to log a triple-double. She totaled 18 points, 13 rebounds and 11 steals against Louisville in 1986. Furthermore, she ranks second all-time at UK in double-doubles (35), fourth in steals (278), fourth in career rebounds (877) and fifth in blocks (102). Orlando Tubby Smith (1998-2007) coached the Wildcats to the programs seventh national championship in his inaugural season. At the time, the 35 victories during the 1997-98 title run were tied for the second most in a season in program history. Smith was a three-time National Coach of the Year (1998, 2003, 2005), as well as a three-time SEC Coach of the Year selection. During his term, the Blue and White claimed five regular-season SEC championships and five SEC Tournament crowns. In NCAA Tournament play, Smith finished his career at UK with the sixth-best winning percentage (.690) among active coaches with a sterling 29-13 record, including 23-9 while with the Wildcats. Along with the national title, he guided UK to three additional Elite Eight appearances. In SEC Tournament action, he owned a 20-5 mark in winning five of the events. Smith coached UK to 22 or more victories in all 10 seasons at the helm.
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Walmart subsidiary Asda showed a man in a blood-stained white coat brandishing a meat cleaver to advertise its “Mental Patient Fancy Dress Costume.” Tesco’s advertisement for its “Psycho Ward Costume” showed a man in an orange boiler suit branded “PSYCHO WARD” brandishing a hypodermic needle and wearing a mask similar to that of Hannibal Lecter in the film, “The Silence of the Lambs.” An Asda spokeswoman offered the company’s “sincere apologies for the offense” the costumes had caused. “This was an unacceptable error and the product was withdrawn immediately,” she said in a statement. “We take our responsibilities very seriously which is why we will make a sizable donation to Mind.” Tesco also issued an apology, saying in a statement: “We’re really sorry for any offense this has caused and we are removing this product from sale.” Mental health charity Mind welcomed the withdrawal of the costumes, saying the retailers had shown themselves to be “extremely misguided” by offering them for sale. Slept in. Have @asda withdrawn their ‘mental patient fancy dress’ costume or are we going to organise a protest at HQ? #timetochange Alastair Campbell (@campbellclaret) September 26, 2013 Alastair Campbell “It is staggeringly offensive to the one in four of us affected by mental health problems and our families and friends, and troubling that some businesses are still so out of touch with the public mood,” spokeswoman Sue Baker said in a statement . However, Baker said the outcry the costumes provoked on the social media site Twitter was encouraging. “We hope this will urge Asda, Tesco and other retailers and manufacturers to review their processes and consider taste and decency on mental health grounds, to avoid fueling stigma and discrimination that are so damaging for large numbers of the population,” she said. Mind and the group Rethink Mental Illness run the Time to Change campaign to challenge mental health stigma and discrimination. One of the campaign’s supporters is Alastair Campbell, who was former UK Prime Minister Tony Blair’s media chief and who has publicly spoken of his battle with depression . Campbell was among those who tweeted his displeasure at the “brutally stigmatizing outfits.” “@asda and @tesco should sign up for one of the @mindcharity @Rethink_ @TimetoChange mental health training courses,” he tweeted .
UK retailers remove ‘staggeringly offensive’ mental health costumes from sale