Royal Mail

The Independent Royal Mail float scandal: how hedge funds cleaned upThe IndependentAn analysis of Royal Mail's share register shows that Och-Ziff, an aggressive US-based hedge fund, had a holding of 10 million shares on 15 October, the day the company's shares started trading. A week later it had reduced its …

U.K. Ministers Say Royal Mail IPO Was Done at Right PriceBloombergU.K. Business Secretary Vince Cable and and his deputy, Michael Fallon, defended their handling of the initial public offering of Royal Mail Plc (RMG), which has risen more than 50 percent since its trading debut. “I haven't seen any evidence …

Mirror.co.uk Vince Cable slammed for standing by ''ridiculous'' Royal Mail sell-off priceMirror.co.ukCoalition business chief Vince Cable and his Tory underling were blasted today after refusing to apologise for flogging off the Royal Mail at a “ridiculous” low price. Labour and Tory MPs on the Business Select Committee had challenged the …

Telegraph.co.uk Royal Mail's shares were correctly priced, ministers claimTelegraph.co.ukRoyal Mail's shares were correctly priced at 330p each when it was privatised last year – despite their value doubling on the stock market weeks later, ministers have said. MPs on the Business committee tore into Business Secretary Vince Cable and his … …

The Business Secretary insists that Royal Mail was not sold on the cheap but admits that the Government may consider "different methods" other than an IPO for future privatisations. More: continued here

The Guardian Vince Cable rebuts claim government massively undervalued Royal MailThe GuardianVince Cable has continued to contest claims that the government significantly undervalued Royal Mail, costing taxpayers £750m on the day of the postal service was privatised in October. During questioning by MPs on Tuesday, the business secretary said … …

Cable faces committee's scrutiny on Royal Mail flotationFinancial TimesVince Cable admitted on Tuesday that he was not happy that some priority investors had sold their shares in Royal Mail for a quick profit last autumn and said he hoped to introduce changes to force investors to take a longer-term view. …

UK minister says no regrets, no apologies for Royal Mail saleReuters UKLONDON, April 29 (Reuters) – British ministers in charge of the privatisation of Royal Mail said on Tuesday they had no apologies to make over criticism that it was sold off too cheaply, but said they may look at …

The UK Business Secretary, Vince Cable, stands by the initial pricing of Royal Mail shares, as he gives evidence to a parliamentary committee. More: continued here

Both Conservative and Labour ministers attacked Vince Cable, the British business secretary, saying the initial public offering left as much as 1.2 billion pounds on the table. More: continued here