Royal Mail

Lord Myners to review Royal Mail share sell-off fiascoThe IndependentThe announcement of the review by Mr Cable follows months of pressure amid accusations that the Royal Mail shares were sold off far too cheaply. The National Audit Office accused the Government of costing taxpayers £750m on the first day of …

Cable launches Royal Mail probeFundwebThe controversial sale of Royal Mail late last year has sparked a review of privatisations. Business secretary Vince Cable has tapped former City minister Lord Myners to undertake an informal review of the way the state sells down its assets … More: continued here

UK government launches review into Royal Mail IPOPost and ParcelCriticism also came because investors who had a “gentleman's agreement” with the government to hold on to their preferential allocations of shares, in order to provide Royal Mail with some stability, ended up selling their stakes within weeks in order … …

Cable bows to pressure over Royal Mail IPO probeInvestment WeekThe government sold 60% of Royal Mail at a float price of 330p in October, with the shares rising by 38% on the first day of trading and continuing to climb. This lead to accusations the government's advisers had priced the …

Cable asked Lord Myners to lead a review after ministers were accused of selling the postal service on the cheap and listening to bad advice from investment banks. More: continued here

Cable Orders Asset-Sale Review After Royal Mail CriticismBloombergU.K. Business Secretary Vince Cable ordered a review of how the government conducts privatizations, two days before a report that may criticize his handling of the sale of Royal Mail Plc. (RMG). Ministers have insisted, most recently before Parliament … More: continued here

Edinburgh Evening News 180 homes plan for old Royal Mail site in LeithEdinburgh Evening NewsFresh plans are being drawn up to deliver 180 new homes on the site of a former Royal Mail sorting office in Leith. Housebuilder Cala is set to begin consultations next week over its blueprint for …

Royal Mail open new and improved south delivery officeGloucester CitizenLeighton Burman, delivery sector manager for Royal Mail said: “We are delighted with our new-look office, which will help us to continue to provide a consistent, high quality service. We would like to thank customers for their patience and … More: …

The Guardian Lord Myners to review IPOs following Royal Mail sale controversyThe GuardianCable, whom the NAO criticised for refusing to increase the flotation price of Royal Mail shares despite widespread fears the 500-year-old company was being sold off on the cheap, has repeatedly refused to apologise and still describes the …

Telegraph.co.uk Vince Cable orders review of privatisations in wake of botched Royal Mail saleTelegraph.co.ukVince Cable has bowed to nine months of intense criticism of the sale of Royal Mail and ordered a review of the listing process that allegedly cost the taxpayer “hundreds of millions of pounds.” The Business Secretary …