The Independent Royal Mail float: How banks broke promises and raked in a £323m fortune – and …The IndependentThe full scale of how City banks short-changed taxpayers in the £3.3bn flotation of Royal Mail was laid bare last night as it emerged that big investors who were offered extra shares …
Read More »Government ‘more concerned by successful Royal Mail sale than share price’ – ITV News
ITV News Government 'more concerned by successful Royal Mail sale than share price'ITV NewsThe government sold its 60% stake for £1.98 billion but ever since has been accused of short-changing the taxpayer. The National Audit Office has completed its independent assessment of the way in which the sale was conducted …
Read More »Royal Mail Shares Hurt Taxpayer as Priced Too Cheaply By Vince Cable, says NAO
The National Audit Office has slammed Britain's business secretary Vince Cable for undervaluing the Royal Mail's IPO price, which was set at a maximum price of 330p-a-share. The shares have since risen as high as 615p, and the NAO's findings state that the government's overly cautious approach has shortchanged the nation, …
Read More »Undervaluing Royal Mail shares cost taxpayers £750m in one day – The Guardian
The Guardian Undervaluing Royal Mail shares cost taxpayers £750m in one dayThe GuardianThe government's desperation to sell Royal Mail cost taxpayers £750m in a single day, the National Audit Office has said in a scathing report into the privatisation of the 500-year-old national institution. The public spending watchdog says the …
Read More »Royal Mail Sale 'Left Taxpayer Short Changed By £750m' – NAO Report
Royal Mail's privatisation left taxpayers short changed by £750 million as ministers were "too cautious" in their pricing of the business at just 330p-a-share, a hard-hitting official report has found. The National Audit Office, the government's public spending watchdog, said that the government's desire for a successful Royal Mail sale, …
Read More »Taxpayer paid price of Royal Mail share sale – Herald Scotland
Herald Scotland Taxpayer paid price of Royal Mail share saleHerald ScotlandThe Government could have achieved better value for the taxpayer through its controversial privatisation of Royal Mail, according to a report published today that revealed most investors given priority to buy shares sold them shortly after making a profit. More: …
Read More »Royal Mail privatisation ‘undersold the taxpayer’ – Public Finance
Royal Mail privatisation 'undersold the taxpayer'Public FinanceThe privatisation of Royal Mail report found the Department for Business, Innovation and Skills had set the share price conservatively to ensure the sale was completed, but lost out when shares subsequently rose substantially in initial trading. Royal… More: continued here
Read More »Royal Mail sale left public ‘short-changed’ – ITV News
Royal Mail sale left public 'short-changed'ITV News… sale left public 'short-changed'. The National Audit Office has completed its independent assessment of the way in which the sale of Royal Mail was conducted and has come to the clear view that the government sold the company for less that it was …
Read More »What are your Royal Mail shares worth? – Telegraph.co.uk
What are your Royal Mail shares worth?Telegraph.co.ukWhat are your Royal Mail shares worth? Enter the value of your shares in Royal Mail to calculate their worth based on the current share price. By Telegraph interactive team. 7:00AM BST 31 Mar 2014. I bought my shares on the government website. How …
Read More »UK auditor says Royal Mail was sold off cheaply
The Conservative-led government sold a majority stake in the postal service last year, putting the system under private control for the first time in its 500-year history. Audit Office chief Amyas Morse said the government's approach "was marked by deep caution, the price of which was borne by the taxpayer." …
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