TCI's 5.8% slice of Royal Mail shares fuels criticism of Vince Cable over 'fire sale' as Labour says small investors let down A hedge fund known for its aggressive investment strategy has become the largest private shareholder in Royal Mail, re-igniting anger over Vince Cable's controversial privatisation of the postal …
Read More »Royal Mail share price: Privatisation faces fresh scrutiny – iNVEZZ
Royal Mail share price: Privatisation faces fresh scrutinyiNVEZZiNVEZZ.com, Thursday, April 24: Royal Mail's (LON:RMG) IPO process will come under fresh scrutiny from MPs next week when bankers from UBS and Goldman Sachs – which handled the postal services group's privatisation – are summoned to give … More: continued here
Read More »Royal Mail in spotlight again as MPs question bankers who handled sell-off – The Guardian
The Guardian Royal Mail in spotlight again as MPs question bankers who handled sell-offThe GuardianThe Royal Mail privatisation will be the subject of fresh scrutiny by MPs next week when bankers from Goldman Sachs and UBS – which handled the sell-off of the 500-year-old institution – are summoned to give …
Read More »UK government, bankers back in spotlight over Royal Mail sale – Reuters UK
UK government, bankers back in spotlight over Royal Mail saleReuters UKLast October, the government sold 60 percent of Royal Mail at 330 pence per share, ending 500 years of state control and raising 2 billion pounds ($3.36 billion) for the public purse. However, the firm's share price has since risen …
Read More »Royal Mail privatised for up to £1.5bn less than City estimates of its value
Estimates of value ranged from £4bn to £4.8bn ahead of government selloff for £3.3bn, business department reveals The furore over the sale of Royal Mail erupted again on Friday after it was revealed that investment banks have estimated the company's value at up to £1.5bn more than its privatisation price. …
Read More »Is Royal Mail PLC A Super Growth Stock? – The Motley Fool UK
Is Royal Mail PLC A Super Growth Stock?The Motley Fool UKDespite experiencing share-price weakness in recent weeks, Royal Mail (LSE: RMG) has had a fantastic run since it listed in October 2013 at 330p. Since then it has hit a high of over 600p and now trades at 530p – …
Read More »Stick or twist: Should you sell Royal Mail, Tesco or Vodafone shares? – Telegraph.co.uk
Telegraph.co.uk Stick or twist: Should you sell Royal Mail, Tesco or Vodafone shares?Telegraph.co.ukRoyal Mail. Since making its debut on the London Stock Exchange last October shares have risen strongly, up 61pc from the float price. Despite this investors keep on trading feverishly, with the shares regularly leading the way as …
Read More »Royal Mail's first-class returns fail to silence critics
On Friday many people could see the value of their stake instantly rocket. While 96% of postal workers are against it, for the government – and City investors – it offers a huge windfall A half millennium of history will end on Friday when the government goes where even Margaret …
Read More »Royal Mail postcode 40th anniversary: Study reveals what your postcode says … – The Independent
The Independent Royal Mail postcode 40th anniversary: Study reveals what your postcode says …The IndependentTo mark the 40th anniversary of the allocation of the codes to every town in Britain, the Royal Mail has rifled through data from the census, the Office for National Statistics and local council information to …
Read More »UK government, bankers back in spotlight over Royal Mail sale
By Neil Maidment LONDON (Reuters) – British government ministers and bankers responsible for the sale of Royal Mail will face another round of questioning by parliamentarians next week over whether the state postal operator was sold off too cheaply. Last October, the government sold 60 percent of Royal Mail at …
Read More »