Telegraph.co.uk Questor share tip: How far could Royal Mail shares fall?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 …
Read More »Royal Mail Sell Off Was Driven by Political Ideology Costing Taxpayers Billions
The Commons business committee's damning indictment of the knock-down sale of Royal Mail will have come as absolutely no surprise to anyone in Westminster or the City. For Cable and ministers to now claim all the criticisms are pure hindsightism is nonsense. More: continued here
Read More »Questor share tip: How far could Royal Mail shares fall?
Life in the private sector is proving tough with parcel volumes falling and increased competition hitting the shares.Questor thinks the long term investment case remains. More: continued here
Read More »Royal Mail sale: Taxpayers lost out on £1bn, says MPs’ committee – The Independent
The Independent Royal Mail sale: Taxpayers lost out on £1bn, says MPs' committeeThe IndependentThe committee went on to condemn the undervaluing of buildings that the Royal Mail is now likely to sell. These include three sites in London, valued by Mr Cable's department at £200m, which the National Audit Office …
Read More »Royal Mail sale underpriced by £1bn, says scathing select committee report – The Guardian
The Guardian Royal Mail sale underpriced by £1bn, says scathing select committee reportThe GuardianRoyal Mail was privatised in October when the government sold 60% of its stake at 330p a share, valuing the company at £3.3bn. On their first day of trading, the shares jumped by 38% – far higher …
Read More »Taxpayers lost out on £1bn in sell-off of Royal Mail – Herald Scotland
Herald Scotland Taxpayers lost out on £1bn in sell-off of Royal MailHerald ScotlandThe committee said it was "disturbed" the Government might have failed to reap the benefits of the sale of Royal Mail assets included at privatisation such as three sites in London valued by the Business Department at about …
Read More »Taxpayers lost out on £1bn as Government undervalued Royal Mail in botched privatisation
The government feared ‘failing’ over the controversial sell-off and received poor advice, according to the Business Select Committee. More: continued here
Read More »Taxpayers lose £1bn after Government followed poor advice in controversial … – Express.co.uk
Express.co.uk Taxpayers lose £1bn after Government followed poor advice in controversial …Express.co.ukAn investigation by an influential committee of MPs into the privatisation ruled the Government set the opening share price of Royal Mail too low because it was worried it would not attract investors. The report, produced by the Business, …
Read More »Vince Cable Under Fire Over £1 Billion Loss To Taxpayers From Sale Of Royal Mail
Taxpayers have lost £1 billion over the privatisation of Royal Mail because the Government underestimated demand for shares, a committee of MPs has reported. Ministers were accused of being afraid to fail over the controversial sell-off last year, and of receiving "poor quality" advice. The Business Select Committee said taxpayers …
Read More »Royal Mail Shares: UK Taxpayers Lost £1bn Amid 'Fear of Failure and Poor Quality Advice'
Parliament's BIS committee lashes out at controversial privatisation of comms firm Royal Mail. More: continued here
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