Royal Mail

ITV News Royal Mail shares at 550p compared to initial 330pITV NewsRoyal Mail shares were prices at 550p each yesterday, up two thirds from the initial value. Credit: PA. Goldman Sachs and UBS were the investment banks that ran Royal Mail's flotation last month, while JP Morgan, Citibank and Deutsche …

One of the investment banks that led the £3.3bn privatisation of Royal Mail (LSE: RMG.L – news) told clients to sell the postal operator's shares on Wednesday, arguing that the company was now over-valued. Sky News has obtained a research note issued by UBS (Xetra: UB0BL6 – news) , one …

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), …

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

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 …

UBS has told clients to 'sell' their shares in Royal Mail, saying the postal service is now over-valued. More: continued here

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. …

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 …

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 …

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