Royal Mail

Bad smell lingers around Royal Mail share saleFinancial Times… lingers around Royal Mail share sale. From Mr James Anderson. Sir, The news that Lazard Asset Management made a profit of £8m for its clients, by selling shares in the privatisation of Royal Mail during the first week of trading, is …

A large portion of Royal Mail shares did not go to long-term investors but ended up in the hands of speculators and Middle Eastern potentates. More: continued here

Mark Leftly: How battling Binley put his stamp on the Royal Mail sell-off …The IndependentAccording to the script, Adrian Bailey and Margaret Hodge played the leading roles for the parliamentary inquisition into the farce that is the privatisation of the Royal Mail. As chairmen of the business and public accounts …

The Independent The truth of the Royal Mail sell-off? The taxpayer was taken for a rideThe IndependentFor some reason – I can't think why – this memory entered my head when I contemplated the recent Royal Mail share offering. We now know that 16 investors had preferential treatment in last …

Daily Mail How big investors off-loaded Royal Mail shares within weeksDaily MailThe majority of firms that were given 'priority' Royal Mail shares cashed in their holdings within weeks, it has emerged. Twelve out of 16 took the chance to profit early from the controversial privatisation – even though ministers claimed …

The Independent Vince Cable orders investigation into how Government releases shares in wake …The IndependentThe Business Secretary wants to learn lessons from the affair, which provoked criticism that the taxpayer lost around £1 billion. Royal Mail shares soared in value after the sale and “priority” City investors chosen to bring …

International Business Times UK No 10 Struggles to Dampen Lazard Row in Royal Mail SaleInternational Business Times UKOne of the key government advisers accused by MPs of contributing to the massive underpricing of the Royal Mail share price at its sale, allowing so-called preferred investors to make a killing at …

A large portion of Royal Mail shares did not go to long-term investors but ended up in the hands of speculators and Middle Eastern potentates. More: continued here

The Guardian Royal Mail sale sparked legitimate controversy, says Nick CleggThe GuardianNick Clegg has admitted there is legitimate controversy over the sale of Royal Mail and said it was right to have intense scrutiny over the deal overseen by the Lib Dem business secretary, Vince Cable. The deputy prime minister …

Royal Mail sale a '£1bn rip-off' for taxpayersHerald ScotlandSTANDARD Life, billionaire George Soros and the Abu Dhabi Investment Authority were among the 16 investors given preferential treatment in the controversial Royal Mail privatisation, the Coalition has revealed, as Labour accused it of a £1 billion … More: continued here