Royal Mail

Daily Mail How big investors off-loaded Royal Mail shares within weeksDaily MailThe majority of firms that were given 'priority' Royal Mail shares cashed in their holdings within weeks, it has emerged. Twelve out of 16 took the chance to profit early from the controversial privatisation – even though ministers claimed …

The Independent Vince Cable orders investigation into how Government releases shares in wake …The IndependentThe Business Secretary wants to learn lessons from the affair, which provoked criticism that the taxpayer lost around £1 billion. Royal Mail shares soared in value after the sale and “priority” City investors chosen to bring …

International Business Times UK No 10 Struggles to Dampen Lazard Row in Royal Mail SaleInternational Business Times UKOne of the key government advisers accused by MPs of contributing to the massive underpricing of the Royal Mail share price at its sale, allowing so-called preferred investors to make a killing at …

A large portion of Royal Mail shares did not go to long-term investors but ended up in the hands of speculators and Middle Eastern potentates. More: continued here

The Guardian Royal Mail sale sparked legitimate controversy, says Nick CleggThe GuardianNick Clegg has admitted there is legitimate controversy over the sale of Royal Mail and said it was right to have intense scrutiny over the deal overseen by the Lib Dem business secretary, Vince Cable. The deputy prime minister …

Royal Mail sale a '£1bn rip-off' for taxpayersHerald ScotlandSTANDARD Life, billionaire George Soros and the Abu Dhabi Investment Authority were among the 16 investors given preferential treatment in the controversial Royal Mail privatisation, the Coalition has revealed, as Labour accused it of a £1 billion … More: continued here

Pensions & Investments Royal Mail Group reports highest funded pension plan of FTSE 100 companiesPensions & InvestmentsThe Royal Mail Group, London, had the best-funded pension fund of all FTSE 100 companies as of Dec. 31, at 133%, according to research by JLT Employee Benefits. The consultant analyzed the funding position …

Morning papers: MPs slam adviser over £8m Royal Mail profitFT AdviserThe investment arm of the government's independent adviser on the privatisation of Royal Mail made an £8m profit selling shares in the company during the first week of trading, the Financial Times revealed. Lazard's bankers faced criticism from MPs … …

Pressure mounts on Vince Cable over Royal Mail floatEvening StandardPressure on business secretary Vince Cable has ratcheted up as the names of more hedge funds which invested in the Royal Mail's floatation have been unmasked and further pressure exerted by MPs. After resisting months of pressure to name the 16 … …

Britain names "priority investors" in Royal Mail privatisationReutersLONDON, April 30 (Reuters) – Britain listed on Wednesday sixteen "priority investors" in the Royal Mail privatisation that a government watchdog says were given preferential treatment in a share sale which lawmakers say was mishandled. The investors … More: continued here