The Guardian Royal Mail shares: Vince Cable defends flotation price as shares hit 500pThe GuardianVince Cable has written to MPs to defend the pricing of the Royal Mail flotation as shares in the postal service closed above 500p at the end of their first full week of trading, representing a …
Read More »Labour’s Chuka Umunna refuses to condemn Royal Mail workers’ strike – This is Money
Bourne Local Labour's Chuka Umunna refuses to condemn Royal Mail workers' strikeThis is MoneyLabour's Chuka Umunna has refused to condemn a strike by Royal Mail workers despite the shadow business secretary saying it was 'bad news for everyone' and 'not a route I would support'. The conflicting messages from the …
Read More »Taxpayer lift as Royal Mail stake hits £1.5bn – Telegraph.co.uk
Telegraph.co.uk Taxpayer lift as Royal Mail stake hits £1.5bnTelegraph.co.ukSuch levels of buying, and minimal amounts of selling due to a lack of liquidity in the shares, which is the result of the controlled way the shares were distributed, has ensured a strong price for Royal Mail since its float. Shares …
Read More »Was Royal Mail undervalued by more than 50%? Treasury ‘ignored City advice … – This is Money
Was Royal Mail undervalued by more than 50%? Treasury 'ignored City advice …This is MoneyThe Government drastically undervalued Royal Mail after ignoring advice from the City in June that the postal service was worth at least £5billion, a report claimed today. The Financial Times said at least two banks consulted …
Read More »UK’s Cable says strike risk at Royal Mail influenced price range – Reuters UK
UK's Cable says strike risk at Royal Mail influenced price rangeReuters UKLONDON Oct 18 (Reuters) – Britain's Business Secretary Vince Cable rebuffed accusations that the government underpriced the privatisation of Royal Mail and said on Friday the threat of industrial action had influenced the price-setting process. Shares … More: continued …
Read More »Why the Royal Mail’s megaphone critics are wrong – Telegraph.co.uk
Why the Royal Mail's megaphone critics are wrongTelegraph.co.ukImagine this scenario. A creaking, former state monopoly goes through years of reform in a desperate effort to protect itself from new competitors. The tens of thousands of workers involved in the enterprise have to make sacrifices to increase … More: continued here
Read More »UK’s Royal Mail valued higher than sale price – FT report – Reuters UK
Telegraph.co.uk UK's Royal Mail valued higher than sale price – FT reportReuters UKLONDON (Reuters) – Britain's Royal Mail was valued by some investment banks 50 percent higher than last week's public sale price, a newspaper reported, adding to a debate over whether the postal service was sold off too cheaply. …
Read More »Royal Mail valued higher than sale price: FT report
LONDON: Britain's Royal Mail was valued by some investment banks 50 percent higher than last week's public sale price, a newspaper reported, adding to a debate over whether the postal service was sold off too cheaply. More: continued here
Read More »Royal Mail IPO: Investment Banks Say Shares Were Underpriced – IBTimes.co.uk
Royal Mail IPO: Investment Banks Say Shares Were UnderpricedIBTimes.co.ukThe UK government disregarded the opinions of two investment banks that valued postal company Royal Mail at £5bn in June, much more than the government's final valuation. Two banks seeking to lead the share sale said Royal Mail shares might be worth … …
Read More »SNP Conference: Alex Salmond says an independent Scotland would … – The Independent
The Independent SNP Conference: Alex Salmond says an independent Scotland would …The IndependentAlex Salmond described the voters who will decide if Scotland leaves or remains part of the United Kingdom next year as the “independence generation” who had “tasted” devolution and now wanted the power to choose “a different path” …
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