Royal Mail

Royal Mail broke through the £5-a-share barrier today to trade at 507p – that is a handsome 54 per cent above their 330p launch price a week on from the float. More: continued here

IBTimes.co.uk Royal Mail Shares: Vince Cable Defends Goldman Sachs and UBS-Backed …IBTimes.co.ukBusiness Secretary Vince Cable has written to MPs defending the price at which Royal Mail shares were sold off just as they touched the 500p mark – a whopping 51% rise on the offer price. Under the government's share …

Royal Mail privatisation: Vince Cable admits for first time he could have sold …Mirror.co.ukMinisters rejected selling Royal Mail at higher price – as the taxpayer with left with a £1billion loss, it emerged today. Business Secretary Vince Cable admitted for the first time he considered flogging the Government's stake for …

Telegraph.co.uk Vince Cable says strike threat depressed Royal Mail float priceTelegraph.co.ukVince Cable has defended the pricing of the Royal Mail float, arguing that there was not enough demand from long-term investors to price it above the 330p issue price, in part because of the ongoing threat of industrial action. On …

Royal Mail Shares Hit 500p A Week After SaleSky NewsThe value of Royal Mail has soared by 50% a week after the Government sold shares in the company. Shares hit 500p on Friday, valuing the company at £5bn – up £1.7bn from the initial price offered last week. The new …

Shares in Royal Mail have risen 50% above the offer valuation a week ago to hit more than £5. More: continued here

Mirror.co.uk Brian Reade column Royal Mail sell-off is a first-class conMirror.co.ukWe've just witnessed a repeat of that con with the Royal Mail sell-off. It's been vastly undervalued (and had its £12billion pension black hole transferred to the taxpayer) to attract the world's biggest money men. Once all the little people's …

Royal Mail shares hit 500p, valuing the group up 50% at £5bn a week after shares in the company were sold by the Government. More: continued here

Telegraph.co.uk Royal Mail: Vince Cable defends sale price as shares rise againBBC NewsBusiness Secretary Vince Cable has defended the 330p flotation price of Royal Mail on a day when shares in the company briefly touched £5. Value for money was important, but it was "about more than just the level …

The robust price shows there is still heavy demand from buyers. So who wants to buy in at 499p – is Royal Mail still a good deal at that level? More: continued here