One of the lead banks on the float of Britain's Royal Mail said the government could not have sold its stake in the postal firm at the price the shares are trading at now. On Wednesday bankers, including from UBS and Goldman Sachs which managed the initial public offering (IPO), …
Read More »Royal Mail bank UBS tells clients to sell 'overvalued' shares
Swiss bank UBS, which helped float Royal Mail, has said the postal service's valuation is too high ahead of a grilling by MPs More: continued here
Read More »Questions over Royal Mail sale raise more for the Post Office – The Guardian
The Guardian Questions over Royal Mail sale raise more for the Post OfficeThe GuardianTake Royal Mail. It's now a truism that it was undervalued. Shares sold for 330p are now selling at 550p – a total difference in market valuation of a stonking £2.2bn. That's money the taxpayer missed out …
Read More »Broker snap: Royal Mail shares overvalued, says UBS
UBS has told clients to 'sell' their shares in Royal Mail, saying the postal service is now over-valued. More: continued here
Read More »Royal Mail bank UBS tells clients to sell ‘overvalued’ shares – Telegraph.co.uk
Mirror.co.uk Royal Mail bank UBS tells clients to sell 'overvalued' sharesTelegraph.co.ukUBS, one of the banks that ran the Royal Mail flotation, has told investors to offload shares in the postal service on the same day that advisers from the firm are due to appear before MPs investigating the share sale. …
Read More »MP tells Royal Mail to ‘stick it’ over Humberside address – Yorkshire Post
Hull Daily Mail MP tells Royal Mail to 'stick it' over Humberside addressYorkshire PostBeverley and Holderness Conservative MP Graham Stuart, who has long campaigned on the issue, said: “A sense of place is important to people in East Yorkshire and it's time that Royal Mail recognised that. “Residents, community leaders …
Read More »Bank which sold Royal Mail at cut-price figure CASHED IN AGAIN on £250m … – Mirror.co.uk
Mirror.co.uk Bank which sold Royal Mail at cut-price figure CASHED IN AGAIN on £250m …Mirror.co.ukA top bank paid to sell off the Royal Mail cashed in again by brokering deals on £250 million worth of the postal firm's shares, the Mirror can reveal. Goldman Sachs took a fat fee from …
Read More »Banks quizzed on Royal Mail sale
Bosses from six banks will appear before the Business Select Committee in Parliament today as controversy over the Royal Mail sale continues. Unions claim the taxpayer has lost hundreds of millions of pounds due to an undervaluation. More: continued here
Read More »Bank which sold Royal Mail at cut-price figure CASHED IN AGAIN on £250m worth of its shares
A top bank paid to sell off the Royal Mail cashed in again by brokering deals on £250 million worth of the postal firm’s shares, the Mirror can reveal. More: continued here
Read More »Royal Mail share register in focus – Financial News
Financial News Royal Mail share register in focusFinancial NewsRoyal Mail's share register is likely to be high on the agenda tomorrow when lawmakers quiz the bankers who managed the privatisation of the 497-year-old UK postal operator. Royal Mail share register in focus. Activist hedge fund manager The Children's … More: continued …
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