Inside Track: My top tip for 2014: Deutsche Post will buy RM

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Inside Track: My top tip for 2014: Deutsche Post will buy Royal Mail

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IT wouldn’t be the final column of a calendar year without some predictions for the next 12 months. Here are my top three:

Royal Mail will complete a journey from being wholly-owned by the UK state to wholly-owned by a German enterprise within little more than 12 months.

Deutsche Post won’t get it delivered cheap, mind you. Royal Mail’s shares have close to doubled since being sold by the government in a deal valuing it at £3.3bn, and any buyer will have to pay a significant premium to the prevailing share price.

That might mean a windfall for taxpayers’ remaining 30 per cent stake in Royal Mail, but it could also trigger a pre-election controversy about the foreign takeover of one of the UK’s best-known companies.