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Royal Mail shares: thousands fail in applications for larger stake

Vince Cable allocates £749 of shares for applications under £10,000 but 36,500 people with higher bids will receive nothing Anyone who applied for more than £10,000 of Royal Mail shares – an estimated 36,500 individuals – will be left empty handed after the government chose to favour small investors over those who regularly play the stock market. In one of the most sought-after privatisations …

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