Royal Mail

Royal Mail Float: Priority Investors Revealed By Vince CableHuffington Post UKThe National Audit Office revealed that many of the priority investors sold out their shares swiftly after the flotation, making huge profits within the first few weeks as the Royal Mail's share price soared by 72% over the first five …

Royal Mail 's controversial privatisation would have Margaret Thatcher "turning in her grave" as the business' shares went to a "masonic lodge" of City firms rather than ordinary investors, Labour MP Margaret Hodge has warned. Hodge, chairman of the influential Public Accounts Committee, launched a fierce attack on the Royal …

Evening Standard Royal Mail float: Government admits hedge funds were favouredEvening StandardAn 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 …

Royal Mail: how hedge funds cleaned up in float newBelfast TelegraphThe Business Secretary, Vince Cable, has repeatedly insisted that the handful of key investors offered Royal Mail shares on preferential terms were long-term institutional investors. This was to ensure the new company started with “a core of high … More: …

Privileged City investors were given a "golden ticket" to buy Royal Mail shares and then sold them on day one of privatisation, ripping off the taxpayer Ed Miliband has claimed. More: continued here

BBC News Cameron and Miliband on Royal Mail shares and sell-offBBC NewsEd Miliband claimed the Royal Mail sell-off was a "rip-off of the tax payer" and that the prime minister had lost the country £1bn. But David Cameron said it was a "success for our country" and Labour had failed …

Minister says no regrets, no apologies for Royal Mail saleReuters UKRoyal Mail's share price has since risen by as much as 87 percent, provoking heavy criticism from lawmakers and trade unions who say the deal was mishandled and allowed big banks and financial speculators to turn a quick profit. But …

Hartlepool Mail Saga launches biggest share offering since Royal Mail as over-50s insurer and …This is Money… newspapers. The move will be the biggest shares sell-off since the controversial sale of the Royal Mail by the British government last October, when more than 700,000 people applied for shares in a …

Scotsman (blog) Royal Mail'in a fragile state' says CableScotsman (blog)BUSINESS Secretary Vince Cable has insisted Royal Mail is still in a “fragile” state and was not sold off on the cheap, after he was described as relying on “Alice in Wonderland facts” to defend the privatisation. Mr Cable and his …

BBC News Miliband attacks 'grossly undervalued' Royal Mail saleFinancial TimesEd Miliband on Wednesday accused the prime minister of “ripping off the taxpayer” over the privatisation of Royal Mail. The Labour leader said the government had “grossly undervalued” the postal service: 60 per cent of the company was sold last October …