UK's Royal Mail soars on stock market debutUSA TODAYLONDON (AP) — Shares in newly-privatized Royal Mail soared on their stock market debut Friday, bolstering criticism that the company — which traces its five-century history back to King Henry VIII — was undervalued by the British government. The … More: continued …
Read More »Royal Mail ‘frenzy’ as shares hit market – Express.co.uk
Royal Mail'frenzy' as shares hit marketExpress.co.ukA statement on brokers Hargreaves Lansdown's website read: “The Royal Mail Share Offer has created unprecedented interest, we are extremely busy, and some clients are experiencing a delay when they try to log in.” Investment funds drove the buying … More: continued here
Read More »Ed Miliband condemns ‘fire sale of a great institution’ at knock-down price – Daily Mail
Daily Mail Ed Miliband condemns 'fire sale of a great institution' at knock-down priceDaily MailMore than 100million Royal Mail shares were traded within 60 minutes of the former monopoly floating on the stockmarket yesterday. Their price jumped instantly from £3.30, the sale price set by ministers, to £4.50, allowing critics …
Read More »Royal Mail Shares Surge in Debut
A 38 percent increase reignites criticism that the government sold a majority of Britain’s main postal service too cheaply. More: continued here
Read More »Buying frenzy could make Royal Mail sell-off most successful ever – Telegraph.co.uk
Telegraph.co.uk Buying frenzy could make Royal Mail sell-off most successful everTelegraph.co.ukBy the market close on Friday, Royal Mail's share price had risen 38 per cent from 330p to 455p — beating first-day gains by both British Telecom and Railtrack. The jump in the Royal Mail share price meant 690,000 retail …
Read More »Just what the privatisation of Royal Mail will deliver remains to be seen – The Guardian (blog)
The Guardian (blog) Just what the privatisation of Royal Mail will deliver remains to be seenThe Guardian (blog)The parallel with the Royal Mail is not exact, of course. The state is retaining a 30% stake for the time being, and it would not be sensible for a government to try …
Read More »Rocketing Royal Mail triggers row over cheap sale – Telegraph.co.uk
Telegraph.co.uk Rocketing Royal Mail triggers row over cheap saleTelegraph.co.ukBen Harris-Quinney, chairman of conservative think tank, the Bow Group, said: “It should now be clear to even the staunchest supporters of the government's flotation of Royal Mail that the company has been significantly undervalued.” Business Secretary … More: continued here
Read More »Royal Mail shares soar 38% as Labour complains of knockdown price – The Guardian
The Guardian Royal Mail shares soar 38% as Labour complains of knockdown priceThe GuardianThe government has been accused of shortchanging taxpayers by selling off Royal Mail at a knockdown price after shares in the privatised postal service rose by 38% on their debut on Friday. Ed Miliband, the Labour leader, …
Read More »Royal Mail: sell now, or buy more?
Whether you got the shares you wanted or not, you can still profit from Royal Mail, says Richard Evans. More: continued here
Read More »Strong Royal Mail market debut fuels debate over price – Reuters
Strong Royal Mail market debut fuels debate over priceReutersBritish Business Secretary Vince Cable again denied the government had undervalued Royal Mail, whose red mail boxes decorated with the Royal Crest are a feature of British landscapes from Land's End in southwest England to John o'Groats in the far … More: continued …
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