Friday newspaper round-up: Scotland, Royal Mail, TwitterYour MoneyA range of investment banks valued Royal Mail last spring at up to £1.5bn more than it was eventually sold for, according to data obtained under a freedom of information request. The figures have reignited accusations that Britain's postal operator was …LinkedIn Corp shares …
Read More »Royal Mail delivers revival for Hargreaves Lansdown – The Times (subscription)
Royal Mail delivers revival for Hargreaves LansdownThe Times (subscription)Of those, about 27,000 joined purely to buy shares in Royal Mail's listing in October, although Hargreaves hopes that they will become active customers in other investment areas, including buying Isas. Peter Hargreaves, who co-founded the company in. More: continued here
Read More »Tax-payers £1 bn worse off: Royal Mail undersold – SNP (press release)
Tax-payers £1 bn worse off: Royal Mail undersoldSNP (press release)Tax-payers are over £1 billion worse off as a result of the UK government's decision to sell-off Royal Mail below City banks' estimates, it has emerged. A range of investment banks valued Royal Mail last spring at up to £1.5bn more …
Read More »Cheap sell-off of Royal Mail cost every family £55: Banks told Vince Cable he … – Daily Mail
Daily Mail Cheap sell-off of Royal Mail cost every family £55: Banks told Vince Cable he …Daily MailNick Clegg today brushed aside claims the government sold the Royal Mail on the cheap, insisting Vince Cable who was put in charge 'is not a sort of share price expert'. It came …
Read More »Royal Mail ‘Could Have Been Sold For £1.5bn More’ Say Banks – Huffington Post UK
Royal Mail'Could Have Been Sold For £1.5bn More' Say BanksHuffington Post UKThe Business Department revealed in response to a Freedom of Information request that the average valuation for Royal Mail by the 21 investment banks was between £4 billion and £4.8 billion, significantly above the £3.3 billion price tag decided …
Read More »Royal Mail privatisation row notches up on new valuation figures
On the face of it, the new valuation figures, released by the business department, promise to provide further ammunition to those accusing the government of having very badly mishandled the sale of 60% of its stake in Royal Mail to the market last October. More: continued here
Read More »Royal Mail privatised for up to £1.5bn less than City estimates of its value – The Guardian
The Guardian Royal Mail privatised for up to £1.5bn less than City estimates of its valueThe GuardianThe furore over the sale of Royal Mail has erupted again after it was revealed that investment banks had estimated the company's value at up to £1.5bn more than its flotation price. Figures released …
Read More »Royal Mail sale sparks record profits – Western Daily Press
Royal Mail sale sparks record profitsWestern Daily PressThe Royal Mail flotation helped deliver record results and put a stamp on another great trading period for Bristol investment giant Hargreaves Lansdown. It presented results for the six months to December 31 yesterday, with revenue and profit both … More: continued here
Read More »Royal Mail hails CWU ballot result – Proactive Investors UK
Royal Mail hails CWU ballot resultProactive Investors UKOn the day when Londoners have been struggling to cope with a tube strike, postal workers have voted in favour of a deal with Royal Mail (LON:RMG). The recently privatised letters and parcels delivery firm welcomed the decision by the members of the … …
Read More »Why Royal Mail PLC Should Be A Winner This Year – The Motley Fool UK
Why Royal Mail PLC Should Be A Winner This YearThe Motley Fool UKSince Royal Mail (LSE: RMG) came to market at 330p, the share price has soared 78% to today's 588p — the shares were clearly priced to sell at the time. But after that climb, is there more to …
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