Royal Mail

Telegraph.co.uk Royal Mail hearing turns into game of pass the parcel with MPsTelegraph.co.ukMeanwhile, Royal Mail's lack of “historic profitability,” together with its large pension fund, had all “weighed” on the IPO price. The bottom line, said Goldman and UBS, is that institutional investors would not have bought the stock at …

BBC News Bankers questioned on Royal Mail sell-offBBC NewsBankers who arranged the Royal Mail share sale in October have been grilled by MPs on the Business Select Committee, over whether a low share price meant taxpayers lost money. Managers from Goldman Sachs and UBS, who advised the government, … More: continued …

Debate heats-up over Royal Mail pricingStuff.co.nzGoldman Sachs and UBS bankers said Britain could not have sold the Royal Mail postal service at its current higher price, rejecting accusations that one of the biggest privatisations in years had short-changed taxpayers. The two banks, which led Royal… More: continued here

Royal Mail sell-off adviser to Government 'cashed in' on profits after buying …Mirror.co.ukA Bank involved in advising the Government how much the Royal Mail was worth has made a profit after buying over 800,000 shares. Lazard – already being paid £1.5million for its role – invested in the 500-year-old firm …

Telegraph.co.uk We were right to value Royal Mail at £3.3bn, say bankersTelegraph.co.ukBut the bankers insisted that the Government could not have sold 60pc of Royal Mail, some 600m shares, at a higher price, even though the shares have jumped from their 330p offer price to 550p. On the first day …

Royal Mail IPO's Faulty DeliveryWall Street JournalRoyal Mail floated at an opportune moment, with demand for new share issues at a multiyear high. An outsize order book saw demand for shares from institutional investors outstrip supply by an eye-watering 20 times. When retail investors—who held 30 … More: continued here

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IBTimes.co.uk Royal Mail: CWU's Billy Hayes Claims 'No Evidence' Strike Threat Hurt Offer PriceIBTimes.co.ukBilly Hayes, general secretary of the Communication Workers Union, has hit back at claims by investment banks UBS and Goldman Sachs that the threat of industrial action at Royal Mail dented its valuation ahead of its flotation …

Goldman Sachs and UBS, who advised ministers on the privatisation, were accused of misleading the Government by selling the company too cheaply         More: continued here

IBTimes.co.uk Royal Mail: UBS Claims CWU Dispute 'Major Risk Factor' to Offer Share PriceIBTimes.co.ukRoyal Mail's industrial dispute with the Communication Workers Union was "the major risk factor" weighing down on the historic firm's offer price in its flotation onto the London Stock Exchange, according to one of the senior bankers …