Royal Mail

Royal Mail share price: Cable bows to pressure over group's IPOiNVEZZiNVEZZ.com, Thursday, July 10: UK Business Secretary Vince Cable has bowed to nine months of mounting pressure over the privatisation of Royal Mail (LON:RMG), ahead of a critical report on the group's initial public offering (IPO). The UK government is … …

Royal Mail sale errors 'cost £1bn'expressandstar.comCommittee chairman Adrian Bailey said: "It's not at all clear that the Government's sale of Royal Mail has brought an adequate and appropriate return for taxpayers. The basic facts are that the offer price was 330p per share, the price has risen as … More: …

Daily Mail MPs slam Vince Cable over botched Royal Mail sale that cost us £1bnDaily MailTaxpayers were robbed of £1billion in the flotation of Royal Mail, according to a damning report that piles the pressure on Vince Cable. In a withering analysis, the MPs' report accuses the embattled Business Secretary …

ITV News MPs claim Royal Mail sell-off cost taxpayers £1 billionITV NewsA Royal Mail postman. The Business Select Committee said taxpayers were missing out on 'significant value.' Credit: PA Wire. In a hard-hitting report, the Business Select Committee said taxpayers were missing out on "significant value." The advice … More: …

Mr Cable (pictured) is singled out the withering analysis for dismissing claims that the shares – which rocketed 38% on the first day – were undervalued as 'froth'. More: continued here

U.K. taxpayers missed out on “significant value” in the sale of Royal Mail Plc (RMG) as the government’s fear of failure meant the shares were floated at too low a price, an all-party panel of lawmakers said. More: continued here

Taxpayers may have lost out on around £1bn in undervalued Royal Mail shares and assets, a committee of MPs has said. More: continued here

By William James LONDON (Reuters) – Britain's biggest privatisation in years was blighted by a fear of failure and poor advice from state-appointed banks, a committee of lawmakers said on Friday following an inquiry into the 2 billion pound ($3.4 billion) sale of Royal Mail . Britain sold a 60 …

The Guardian Why the Royal Mail sell-off proved a right royal rip-offThe GuardianMinisters' fear of failure and poor advice from City advisers were two reasons why taxpayers were ripped off in the privatisation of the Royal Mail, concludes the business select committee. Fair comment. The National Audit Office reached a …

Taxpayers lost out on at least £1billion because the Government flogged Royal Mail on the cheap, a committee of MPs has found. The group’s scathing report said Business Secretary Vince Cable massively underestimated the demand for shares because of shoddy advice from bankers. More: continued here