Royal Mail

'Botched' Royal Mail sell-off saw 16 'priority' investors cash in on share …This is MoneyThe government's privatisation of Royal Mail short-changed the taxpayer by £1billion it was revealed today in a damning report on the 'botched' floatation of the 500-year-old company on the London stock market. A group of institutional …

UK auditor says Royal Mail was sold off cheaplyBoston.comLONDON (AP) — The British government cost taxpayers millions by selling off the Royal Mail at too low a price, the country's public-spending watchdog said Tuesday. The Conservative-led government sold a majority stake in the postal service last year, … More: continued here

Royal Mail sell-off: 6 alternative ways to spend £750mThe GuardianThe UK government's sale of Royal Mail cost taxpayers £750m in a single day, according to the National Audit Office. Ignoring City experts who said the privatisation was severely undervalued, Vince Cable went ahead with a maximum price of 330p a …

Scotsman Comment: Weir bid plans | Royal MailScotsmanTHERE is little doubt that the UK government sold the Royal Mail cheaply. Whether it was a result of incompetence, caution or a deliberate move to allow ordinary retail investors to benefit from the subsequent rise in the share price is a matter …

The Guardian There was only one loser in this Royal Mail privatisation: the taxpayerThe GuardianShe always refused to sell Royal Mail. Her latterday apostle on Earth, Margaret Hodge, said as much on Tuesday. As the public accounts committee chairman, she savaged the business secretary, Vince Cable, for last winter's sale …

The Week UK Royal Mail: botched sale lost taxpayers £750m in one dayThe Week UKTHE Government's "cautious" approach to last year's Royal Mail sell-off led to the taxpayer being short-changed, according to the National Audit Office (NAO). The spending watchdog has today published a damning report into the privatisation of …

Royal Mail sale shortchanged taxpayer, says watchdogYorkshire PostThe coalition's decision to sell a 60 per cent stake in Royal Mail last October for 330p a share has been heavily criticised by opposition politicians as too cheap after shares in the firm have risen since then by as much as 87 …

PM: 'Royal Mail Sell-Off Good For Taxpayers'Yahoo News UKDavid Cameron said the sale had benefited the taxpayer in three ways: it had generated money for the country, the Royal Mail was now a "profit-making company paying taxes into the Exchequer" and Britain had a successful business. The Government has … More: …

UPDATE 1-Britain's Royal Mail sale short-changed taxpayers – watchdogReutersThe sell-off, which followed three failed attempts to privatise Royal Mail in 20 years, came in the face of possible strike action at Royal Mail that the government had said could deter investors and contributed to its cautious approach on price. "It …

Cable: No apology over handling of Royal Mail saleITV NewsThe Business Secretary has refused to apologise over the Government's handling of the privatisation of Royal Mail, after a critical report from the spending watchdog. The National Audit Office said ministers sold shares for less than they were worth. More: continued …