Royal Mail shares: Vince Cable defends flotation price as shares hit 500p

Related Articles

Clean-up begins after Storm Bert as thousands still left without power

26 mins ago

Royale Pagaille wins Betfair Chase for the second consecutive year after thrilling battle with Grey Dawning at Haydock

1 hour ago

Award-winning Atherstone school cat dies

2 hours ago

Business secretary tells MPs that stock was sold at 330p and no higher to reflect risk of strike action by Royal Mail workers Vince Cable has written to MPs to defend the pricing of the Royal Mail flotation as shares in the postal service closed above 500p at the end of their first full week of trading, representing a paper profit of 52% for investors. Vince Cable claimed in a letter to …

More: continued here