The Guardian Index funds criticise Royal Mail floatFinancial TimesPassive index fund managers have criticised the UK government for excluding them from the list of priority investors for the Royal Mail float but including hedge fund houses such as Third Point, Soros and Lansdowne Partners. Large tracker fund …Royal Mail Plots …
Read More »"Priority investors" drawn into UK uproar over Royal Mail privatisation
* Quick profits made when share price soared in sell-off * British government rapped for short-changing taxpayers * Investors include BlackRock, JP Morgan, Standard Life (Writes through, adds comments, background) LONDON, April 30 (Reuters) – Major global investors including BlackRock, JP Morgan, and Standard Life were drawn into a British …
Read More »Royal Mail Plots Bond Issue As Row Rages On – Sky News
The Guardian Royal Mail Plots Bond Issue As Row Rages OnSky NewsRoyal Mail is weighing a move into the bond markets to raise hundreds of millions of pounds even as the row over the postal operator's privatisation looks set to continue. Sky News understands that the company has been holding …
Read More »Royal Mail Plots Bond Issue As Row Rages On
Royal Mail is weighing a move into the bond markets to raise hundreds of millions of pounds even as the row over the postal operator's privatisation looks set to continue. The proceeds of a bond issue are likely to be used for general corporate purposes, and would allow Royal Mail …
Read More »Lazard advised on Royal Mail shares then profited by £8m in flotation – HITC
Lazard advised on Royal Mail shares then profited by £8m in flotationHITCThe investment bank that advised the government not to increase the price of Royal Mail shares, despite widespread fears they were hugely undervalued, made a profit of more than £8m by immediately selling the company's stock in the wake …
Read More »Business Secretary Vince Cable: Grilled over the sell-off of Royal Mail – Belfast Telegraph
Belfast Telegraph Business Secretary Vince Cable: Grilled over the sell-off of Royal MailBelfast TelegraphPressure on the Government over the botched Royal Mail sell-off intensified yesterday as more hedge funds were unmasked as key investors in the flotation and the chairman of a committee of MPs condemned the “corporate masonic lodge” …
Read More »Royal Mail row: Lazard was a 'priority investor' in historic listing
The investment arm of the Government's advisor on the sale of Royal Mail was one of the 16 priority investors in the historic flotation. Lazard Asset Management tells MPs it sold its stake after just one … More: continued here
Read More »Vince Cable forced to reveal more data on Royal Mail investors – The Guardian
The Guardian Vince Cable forced to reveal more data on Royal Mail investorsThe GuardianVince Cable bowed to political pressure on Friday to release details of the precise number of Royal Mail shares allocated to 16 priority investors in the flotation of the 500-year-old postal service. The investors were picked because …
Read More »Taxpayer won’t benefit from Royal Mail’s treasure trove of property – Bureau of Investigative Journalism
Taxpayer won't benefit from Royal Mail's treasure trove of propertyBureau of Investigative JournalismThe privatisation of the Royal Mail is widely considered to have cost the taxpayer £750m after shares in the company surged when trading in the company began on October 11. The shares rose 50% in its first week …
Read More »Postman jailed for eight years after stealing hundreds of parcels with cheques … – Daily Mail
Daily Mail Postman jailed for eight years after stealing hundreds of parcels with cheques …Daily MailHe was caught when a Royal Mail fraud investigation team set up secret cameras which filmed him taking the cheques with values ranging from £50 to £110,000. Budi is said to have deliberately targeted the …
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