Royal Mail

By William James LONDON (Reuters) – Britain's biggest privatisation in years was blighted by a fear of failure and poor advice from state-appointed banks, a committee of lawmakers said on Friday following an inquiry into the 2 billion pound sale of Royal Mail. Britain sold a 60 percent stake in …

Taxpayers lost out on £1bn as Government undervalued Royal Mail in botched …This is MoneyRoyal Mail was privatised in October when the Government sold 60 per cent of its holding at 330p a share, but they rose as high as 618p per share and closed trade yesterday at around 473p …

Telegraph.co.uk Royal Mail – What is it worth today?Telegraph.co.ukRoyal Mail shares have fallen by 17pc so far this year as competition increases and parcel volumes suffer a slowdown. Questor accepts the share price may be weak for the next 12 months but the long-term investor should focus on the growing …

Telegraph.co.uk Botched Royal Mail sale cost taxpayers £1bnTelegraph.co.ukIn a highly critical report, MPs on the committee have concluded that ministers were given “poor quality advice” by the bankers over the valuation of Royal Mail, demand for its shares, the price investors would pay, and the risks of strike action at …

Life in the private sector is proving tough with parcel volumes falling and competition hitting Royal Mail shares. Questor thinks the long term investment case remains More: continued here

BBC News Business Secretary Vince Cable defends Royal Mail sell-offBBC NewsTaxpayers may have lost out on about £1bn from the undervaluing of Royal Mail, a committee of MPs has said. The Business, Innovation and Skills select committee says ministers were given "poor quality" advice and failed to get a good …

Parliament’s Business, Innovation and Skills Committee said that government officials underestimated the potential market value of the Royal Mail when it was privatized in October and relied too heavily on the professional judgment of their outside advisers. More: continued here

MPs: Taxpayer Short-Changed On Royal Mail SaleYahoo Finance UKThe controversy over the £3.3bn privatisation of Royal Mail (LSE: RMG.L – news) has erupted again as an influential group of MPs has criticised Vince Cable over his handling of the sale. In a coruscating report, the Business, Innovation and Skills (BIS …

By William James LONDON (Reuters) – Britain's biggest privatisation in years was blighted by a fear of failure and poor advice from state-appointed banks, a committee of lawmakers said on Friday following an inquiry into the 2 billion pound ($3.4 billion) sale of Royal Mail. Britain sold a 60 percent …

UK lawmakers criticise Royal Mail sale advisorsRTE.ieBritain's biggest privatisation in years was blighted by a fear of failure and poor advice from state-appointed banks. This is according to a committee of lawmakers after an inquiry into the £2 billion sale of Royal Mail. Britain sold a 60% stake in … …