UK Royal Mail Sale Probe Recommends Flexibility in IPOsBusinessweekA report on the sale of Royal Mail Group Plc (RMG) calls for changes to the way initial public offerings are managed in London, saying greater flexibility would have allowed the government to raise more money. The report by former Labour Party Treasury … More: continued here
The Guardian Royal Mail sale underpriced by £180m, Myners report saysThe Guardian“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
Taxpayers lost out on a lower sum from the privatisation of Royal Mail than the £1bn suggested by MPs earlier this year, a report commissioned by Vince Cable will conclude this week. More: continued here
Inquiry: UK Lost £180m From Royal Mail SaleSky NewsEarlier inquiries by the National Audit Office (NAO) and the Business, Innovation and Skills (BIS) select committee said taxpayers had lost out on up to £1bn when the Government sold 60% of Royal Mail to private sector investors, including sovereign … More: continued here
Scotsman Public shortchanged by Royal Mail sell-offScotsmanHowever, Mr Myners will also say he supports a wider review of so-called initial public offerings and the way the Shareholder Executive – which manages state-owned assets – handled the Royal Mail privatisation. His report will highlight some so-called … More: continued here
Former city minister says sell-off was professionally executed and rejects claims £1bn more could have been raised A government-commissioned report on the sale of Royal Mail has concluded that £180m more might have been realised from the sale, but broadly backs ministers’ cautious approach to pricing. The report by former city minister Lord Myners says…
A report on the sale of Royal Mail Group Plc (RMG) calls for changes to the way initial public offerings are managed in London , saying greater flexibility would have allowed the government to raise more money. More: continued here
Taxpayers lost out on a lower sum from the privatisation of Royal Mail than the £1bn suggested by MPs earlier this year, a report commissioned by Vince Cable will conclude this week. Sky News has learned … More: continued here
The Government and taxpayer achieved "significant value" from the sale of Royal Mail and the right decisions were made over the pricing of shares, according to a report into the controversial privatisation. More: continued here
Vince Cable and Conservative colleague Michael Fallon facing the Business Select Committee over the privatisation. Credit: PA Wire In light of the criticism, Vince Cable asked Labour's former City Minister Lord Myners to review the way the Government sells state-owned assets. More: continued here