Some 690,000 ordinary investors bought Royal Mail shares at 330p in the recent floatation, and those who held onto them are sitting on a 69 per cent gain today. More: continued here
Read More »Royal Mail PLC Profits Advance 17%
The shares of Royal Mail (Other OTC: ROYMF – news) climbed 21p to 554p during early trade this morning after the postal service claimed its underlying half-year profits had advanced by 17%. Royal Mail, whose shares joined the stock market during October at 330p and have since traded as high …
Read More »Royal Mail Reports £283m First Half Profits
Royal Mail (Other OTC: ROYMF – news) has reported a near-doubling of operating profits to £283m for the first half of its financial year amid its controversial privatisation. More: continued here
Read More »Chuka Umunna MP: Royal Mail: selling off the family silver for a song
Writing for Central Lobby, Shadow Business Secretary Chuka Umunna explains why the Government owes taxpayers answers on the Royal Mail sell-off More: continued here
Read More »How do you solve a problem like the Royal Mail valuation? – Telegraph.co.uk
How do you solve a problem like the Royal Mail valuation?Telegraph.co.ukThe valuation of Royal Mail has caused political fallout and red faces amongst the bankers who ran the sale process, but why are we getting so many different numbers? These are not small differences either, at £4.5bn, the difference between …
Read More »Business Live: Royal Mail results – BBC News
Business Live: Royal Mail resultsBBC News"Don't expect fireworks" and "pedestrian" – that's what Radio 5 live's Mickey Clark says to expect of Royal Mail's results, out in just a few minutes time. UK GROWTH 0651: Radio 4. Watch how much money is going into capital investment when the latest … …
Read More »Royal Mail, CWU extend pay deal deadline – Independent Online
Royal Mail, CWU extend pay deal deadlineIndependent OnlineThe Communication Workers Union (CWU), which represents most Royal Mail staff, said on Tuesday there had been “significant progress” in reaching an agreement over an improved pay offer, better working conditions and a separate pension agreement. More: continued here
Read More »Royal Mail shares: price rise ‘was expected’ – The Week UK
Royal Mail shares: price rise 'was expected'The Week UKVince Cable will be questioned about the Royal Mail sell-off by the Business, Innovation and Skills Select Committee tomorrow. He has previously dismissed the early gains as “froth” and said the true value of the shares would not emerge for six months. …
Read More »Is It Time To Sell Royal Mail PLC? – Motley Fool UK
Is It Time To Sell Royal Mail PLC?Motley Fool UKFrom an investor's point of view, the recent privatisation of Royal Mail (LSE: RMG) has been a huge success. The IPO was heavily over-subscribed, and all the investors who were canny enough to apply for shares will have made a very …
Read More »Royal Mail: Anger as Goldman Sachs makes clients up to £12m selling shares having advised Government on price
Clients of a giant US investment bank that helped value Royal Mail have made up to £12million by quickly selling their shares. Goldman Sachs has already been rapped for advising the Government to price Royal Mail at £1billion less than it is currently worth. More: continued here
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