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Postal operators in other European markets tend to pay out at least 40% of their earnings in dividends although Royal Mail would be expected to retain a large chunk of its future profits as it continues to invest in the modernisation of the company.
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At an unrelated cyber security industry event in Midtown Manhattan on Monday, acting Department of Homeland Security Secretary Rand Beers also encouraged Congress to pass comprehensive cyber legislation, calling security a "shared responsibility."
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“The U.S. economy is growing at a muted pace, compared with the strong momentum of 1995. So there is a feeling that the expansion is quite a bit more fragile. In hindsight, the Federal Reserveâ?™s September decision to maintain the current asset purchase program looks better in the current light.”
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Investors have already done a lot of work in absorbing theFed's message. Benchmark bond yields are now hovering neartwo-year highs, while stocks have edged off highs reached inearly August, removing some of the froth that had started toconcern some investment strategists.