By Neil Maidment and Kylie MacLellan LONDON (Reuters) – Advisers on the British government's privatisation of Royal Mail said the postal service could not have been sold at its current … More: continued here
Read More »Royal Mail float adviser UBS says ‘sell’ postal firm’s shares – Reuters
Royal Mail float adviser UBS says 'sell' postal firm's sharesReutersLONDON Nov 20 (Reuters) – UBS, one of the banks which advised the British government on the sale of Royal Mail , on Wednesday placed a sell recommendation on its shares saying investors were too optimistic about future margins. Royal Mail's …
Read More »Lead bankers fend off Royal Mail sale price criticism
* Goldman Sachs & UBS among banks put before lawmakers * Royal Mail shares up as much as 80 pct since float * Advisors had considered raising offer price range LONDON, Nov 20 (Reuters) – Goldman Sachs and UBS bankers on Wednesday insisted Britain could not have sold the Royal …
Read More »Watch live: MPs quiz bankers on Royal Mail valuations before the flotation – Telegraph.co.uk
Watch live: MPs quiz bankers on Royal Mail valuations before the flotationTelegraph.co.ukHaving been priced at 330p the night before its flotation, following months of marketing to investors, Royal Mail shares opened at 450p and later climbed as high as 459.75p as more than 100m shares – 20pc of those sold …
Read More »Bankers grilled on Royal Mail sale
Bankers who arranged the Royal Mail share sale in October face tough questions from MPs over whether the share price was set too low. More: continued here
Read More »Royal Mail Shares: UBS Sets 450p Target Price and ‘Sell’ Rating Ahead of MPs … – IBTimes.co.uk
IBTimes.co.uk Royal Mail Shares: UBS Sets 450p Target Price and 'Sell' Rating Ahead of MPs …IBTimes.co.ukUBS has set a target price of 450p for Royal Mail shares and is advising investors in the stock to sell their holdings ahead of the investment bank's appearance in front of a parliamentary committee. …
Read More »Bankers 'misled' taxpayers on Royal Mail valuation, say MPs
Business Select Committee MPs accuse Goldman Sachs and UBS of giving "wrong" advice to the Government over the historic sell off More: continued here
Read More »MP slams banks over Royal Mail sale – expressandstar.com
MP slams banks over Royal Mail saleexpressandstar.comA Conservative MP today attacked banks involved in the Government's controversial privatisation of Royal Mail, claiming the deal had cost taxpayers money. 8cbaba28-51d6-11e3-ab81-0a0c02230000 Richard Cormack, of Goldman Sachs, who told MPs that … More: continued here
Read More »Royal Mail: UBS Claims CWU Dispute ‘Major Risk Factor’ to Offer Share Price
Government adviser UBS tells MPs Royal Mail tipped off bank that pay dispute unlikely to be resolved, hurting firm’s valuation. More: continued here
Read More »Royal Mail sale valuation ‘debacle’ – Belfast Telegraph
Belfast Telegraph Royal Mail sale valuation 'debacle'Belfast TelegraphThe Government has been urged to withhold any more payments to banks which advised it on its controversial privatisation of the Royal Mail amid continuing complaints that the taxpayer has lost hundreds of millions of pounds over the sell off. More: continued here
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