Mirror.co.uk £1BILLION cover-up over botched Royal Mail sell-off as report clears Vince …Mirror.co.ukA report into Royal Mail's botched privatisation has been branded a cover-up by critics. Former City Minister Lord Myners was asked by the Government to look into last year's controversial sell-off. He said taxpayers could have got up to £180million … More: continued…
Telegraph.co.uk Royal Mail's privatisation will help to make the UK economy more efficientTelegraph.co.ukA well-functioning, efficient Royal Mail run like a proper company will create so much economic value over time that £180m will be remembered as small change. The sell-off allowed a big jump in popular share ownership, bringing back some aspects of the … More:…
The Guardian After Royal Mail, IPOs need to deliver more transparencyThe GuardianOnly two views are required to make a market, so we are now spoilt for choice about the size of the undervaluation of Royal Mail at flotation, or IPO. Were taxpayers short-changed by £750m, as the National Audit Office suggested in April. Was the…
Daily Mail Taxpayers lost £180million in Royal Mail sell-off last yearDaily Mail'I regard the Royal Mail privatisation to have been a complex exercise executed with considerable professionalism. Many previous governments attempted to sell but failed. The sale was done against a backdrop of global economic uncertainty and a threat … More: continued here
The Independent What Lord Myners tells us about the Royal Mail sell-off shows just how good …The IndependentLord Myners's report into the Royal Mail sell-off pretty much clears the Business Secretary of the charge that he sold the Government's 60 per cent stake too cheaply. He could have got another £180m for the shares, but…
The Week UK Royal Mail: Myners report clears government over sell-offThe Week UKA report commissioned by Vince Cable from Lord Myners, the former Labour city minister, has broadly backed the way the Royal Mail sell-off was handled despite finding that the new company was undervalued by £180m and calling for greater transparency.Royal Mail's red herringsFinancial…
Citywire.co.uk Lord Myners: government undervalued Royal Mail by £180mCitywire.co.ukRoyal Mail's float in 2013 caused a frenzy as shares leapt by 38% on their first day of trading. They later hit a high of 619p, close to double the float price before falling back to 394p currently. However, Myners dismissed the NAO's argument, saying … More:…
CITY A.M. Lord Myners report: Here's why the Royal Mail sale wasn't done on the cheapCITY A.M.The much awaited Myners report commissioned by business secretary Vince Cable on the sale of Royal Mail has finally been released. The report concluded that the Royal Mail sale was undervalued by £180m. The Labour party and the trades…
Reuters UK Royal Mail sale could have raised extra 180 million pounds – official reportReuters UKLONDON (Reuters) – The privatisation of Britain's Royal Mail could have raised an extra 180 million pounds, according to a government-commissioned report that largely endorsed the cautious approach by ministers in the 2-billion-pound sale. More: continued here
A well-functioning, efficient Royal Mail run like a proper company will create so much economic value over time More: continued here