Royal Mail

The Guardian Royal Mail sale underpriced by £1bn, says scathing select committee reportThe GuardianRoyal Mail was privatised in October when the government sold 60% of its stake at 330p a share, valuing the company at £3.3bn. On their first day of trading, the shares jumped by 38% – far higher …

Herald Scotland Taxpayers lost out on £1bn in sell-off of Royal MailHerald ScotlandThe committee said it was "disturbed" the Government might have failed to reap the benefits of the sale of Royal Mail assets included at privatisation such as three sites in London valued by the Business Department at about …

The government feared ‘failing’ over the controversial sell-off and received poor advice, according to the Business Select Committee. More: continued here

Express.co.uk Taxpayers lose £1bn after Government followed poor advice in controversial …Express.co.ukAn investigation by an influential committee of MPs into the privatisation ruled the Government set the opening share price of Royal Mail too low because it was worried it would not attract investors. The report, produced by the Business, …

Taxpayers have lost £1 billion over the privatisation of Royal Mail because the Government underestimated demand for shares, a committee of MPs has reported. Ministers were accused of being afraid to fail over the controversial sell-off last year, and of receiving "poor quality" advice. The Business Select Committee said taxpayers …

Parliament's BIS committee lashes out at controversial privatisation of comms firm Royal Mail. More: continued here

MP: Signs of high demand 'before Royal Mail sale'ITV NewsThere were indications before the sell-off of Royal Mail began of demand "really taking off", according to the chair of the business, innovation and skills select committee. Labour's Adrian Bailey dismissed claims criticism of the sell-off was all in … More: …

The Business Select Committee blame bankers and ministers for a catalogue of misjudgements in the run up to the historic privatisation More: continued here

Britain's biggest privatisation in years was blighted by a fear of failure and poor advice from state-appointed banks. More: continued here

U.K. Taxpayers Shortchanged on Royal Mail Sale, Committee SaysBloomberg“Fear of failure and poor quality advice led to a significant underestimate of the demand for Royal Mail shares,” Chairman Adrian Bailey, an opposition Labour Party lawmaker, said in a statement. “The government's inclusion of Royal Mail's surplus … More: continued here