TCI fans flames over Royal Mail priceFinancial TimesOne of the world's most aggressive hedge fund activists has taken a 5 per cent stake in Royal Mail, fanning the flames of a political furore over whether the 500-year-old company was sold too cheaply. The Children's Investment Fund disclosed a holding … …
Read More »Hedge fund TCI lands 5.8% Royal Mail stake: the questions get harder for Vince … – The Guardian
The Guardian Hedge fund TCI lands 5.8% Royal Mail stake: the questions get harder for Vince …The Guardian… Mail stake: the questions get harder for Vince Cable. Was it really worthwhile trying to endow Royal Mail with a cadre of 'long-term blue-chip' institutional investors if an aggressive hedge fund becomes …
Read More »Activist hedgie buys up five per cent of Royal Mail – CITY A.M.
Activist hedgie buys up five per cent of Royal MailCITY A.M.ONE OF THE UK'S most successful hedge fund managers was yesterday revealed as Royal Mail's single biggest investor after snapping up millions of shares sold by members of the public. Chris Hohn (pictured), who runs The Children's Investment fund … More: …
Read More »Royal Mail shareholder boss is ‘locust’ – The Independent
Telegraph.co.uk Royal Mail shareholder boss is 'locust'The IndependentThe holding will be seen as a blow to the Business Secretary, Vince Cable, who had insisted that Royal Mail would be sold to long-term “blue chip” investors. Independent Comment. Please enable JavaScript to view the comments powered by Disqus.Hedge fund becomes leading …
Read More »Activist hedge fund TCI takes big stake in Royal Mail – Reuters UK
Activist hedge fund TCI takes big stake in Royal MailReuters UKLONDON (Reuters) – A hedge fund with a reputation for aggressive campaigning to boost company performance has become the biggest shareholder in newly-privatised Royal Mail (RMG.L) after the British government. The Children's Investment Fund (TCI) … More: continued here
Read More »UK’s Osborne defends Royal Mail sale price – Chicago Tribune
UK's Osborne defends Royal Mail sale priceChicago TribuneLONDON (Reuters) – British finance minister George Osborne hit back on Tuesday at criticism that the government sold a chunk of postal service operator Royal Mail too cheaply. Osborne, speaking at a Thomson Reuters Newsmaker event, said initial public … More: continued here
Read More »Royal Mail privatisation: Secret hedge fund owns £290million of shares – Mirror.co.uk
Royal Mail privatisation: Secret hedge fund owns £290million of sharesMirror.co.ukLabour's Ian Murray said: “David Cameron's Royal Mail fire sale has seen the vast majority of shares going to big money investors in the City while the taxpayer is left shortchanged.” Meanwhile, George Osborne yesterday insisted the Royal Mail sale had … …
Read More »‘Locust’ bites off biggest chunk of Royal Mail – The Times (subscription)
'Locust' bites off biggest chunk of Royal MailThe Times (subscription)The Government has been forced on to the defensive after shares in Royal Mail soared from 330p, when it floated 12 days ago, to as high as 530p, prompting criticism that it had been sold too cheaply. Vince Cable, the Business …
Read More »James Moore: Grudging respect for the abrasive Mr Hohn, Royal Mail’s biggest … – The Independent
James Moore: Grudging respect for the abrasive Mr Hohn, Royal Mail's biggest …The IndependentIf you're like me and you kept your allocation of Royal Mail stock from the recent privatisation, say hello to TCI. The hedge fund has been gobbling up the shares of those who sold and is now …
Read More »Day 1, Royal Mail: Never trick-or-treat in a locals’ pub – San Jose Mercury News (blog)
Day 1, Royal Mail: Never trick-or-treat in a locals' pubSan Jose Mercury News (blog)(Preamble: This is the first installment in what hopefully will be a nightly recap of my stay in London in advance of Sunday's 49ers game against the Jacksonville Jaguars. All reports hopefully will come with a hint …
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