Vince Cable has admitted that Royal Mail 's controversial stock market flotation may not have got the "maximum value" for the taxpayer, as MPs accused him of letting it be sold at a "ridiculous" price. Members of the Commons business select committee criticised the Lib Dem business secretary's handling of …
Read More »Royal Mail Privatisation Will Not Face Probe, Says City Watchdog – Huffington Post UK
Royal Mail Privatisation Will Not Face Probe, Says City WatchdogHuffington Post UKFCA chief executive Martin Wheatley told MPs that the watchdog had seen no evidence of regulatory failure, despite being unable to say if the process – which saw Royal Mail's share price soar 38% in the first day – …
Read More »Royal Mail row shows we still don’t understand markets – The Conversation
Royal Mail row shows we still don't understand marketsThe ConversationBusiness secretary Vince Cable and the boss of the City is facing questions from parliamentary committees this week over the much-maligned sale of a stake in Royal Mail. So will we finally have a definitive… More: continued here
Read More »Vince Cable questioned by MPs about Royal Mail privatisation: Politics live blog – The Guardian (blog)
Vince Cable questioned by MPs about Royal Mail privatisation: Politics live blogThe Guardian (blog)This is the fifth consecutive quarter of steady growth. Overall, the economy is now only 0.6% below the pre-recession peak at the beginning of 2008. In fact, services are now 2% above the pre-recession peak but the …
Read More »Ministers defend Royal Mail sale – expressandstar.com
Ministers defend Royal Mail saleexpressandstar.comMinisters defend Royal Mail sale. Ministers have continued to defend their controversial privatisation of the Royal Mail despite fierce questioning from MPs over whether it was sold "at any cost". Business Secretary Vince Cable has defended the sale of … More: continued here
Read More »Vince Cable dubs Royal Mail a ‘fragile’ company – Evening Standard
Evening Standard Vince Cable dubs Royal Mail a 'fragile' companyEvening StandardHauled before the Business, Innovation and Skills Select Committee of MPs, Cable again had to defend accusations that the Government sold Royal Mail shares on the cheap when they were listed in London last year. The National Audit Office concluded …
Read More »UK minister says no regrets, no apologies for Royal Mail sale
* British ministers say no regrets over Royal Mail (Other OTC: ROYMF – news) sale * Minister Cable accepts need to consider other sale methods LONDON, April 29 (Reuters) – British ministers in charge of the privatisation of Royal Mail said on Tuesday they had no apologies to make over …
Read More »Minister says no regrets, no apologies for Royal Mail sale
By William James LONDON (Reuters) – Ministers in charge of the privatisation of Royal Mail said on Tuesday they had no apologies to make over criticism that it was sold off too cheaply, but said they may look at different ways to sell off public assets in future. Royal Mail's …
Read More »Vince Cable Royal Mail Sell Off: His Biggest Achievement for Good or Ill
Selling off Royal Mail was undoubtedly the single biggest achievement of Vince Cable's career as business secretary. Neither Margaret Thatcher or Tony Blair could pull it off, but Cable will go down in history as the man who did it. He, his Tory minister Michael Fallon, and their senior advisers …
Read More »Royal Mail share price: FCA rejects calls to investigate – iNVEZZ
Royal Mail share price: FCA rejects calls to investigateiNVEZZiNVEZZ.com, Tuesday, April 29: Britain's Financial Conduct Authority (FCA) will not launch a probe into the government's sale of Royal Mail (LON:RMG), rejecting calls from lawmakers who said that the sharp rise in the postal service firm's share price … More: continued …
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