Royal Mail

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 …

BBC News Royal Mail sale price 'too cautious', says spending watchdogBBC NewsThe privatisation of Royal Mail was too cautious and failed to achieve a good deal for taxpayers, according to parliament's spending watchdog, the National Audit Office. It said too much emphasis was put on completing the sale at the …

The Guardian Vince Cable defends Royal Mail sell-off in Commons debateThe GuardianThe business secretary, Vince Cable, has refused to apologise over the government's privatisation of Royal Mail, despite a scathing report from the National Audit Office, which said undervaluing the share sale had cost the taxpayer £750m in a single …

Royal Mail sell off 'good value for money' insists ministerTelegraph.co.ukThe taxpayer got good value from the sale of Royal Mail, Michael Fallon, the business minister, has insisted, after a watchdog found the taxpayer lost millions of pounds in the "second class" sale. The Royal Mail could have been sold for …

The Guardian Royal Mail sell-off: Chuka Umunna granted urgent Commons questionThe GuardianUmunna announced via Twitter that his question had been granted, and the House of Commons confirmed the urgent question would be asked at 12.30pm BST. Royal Mail shares have soared more than 70% since their stock market debut at …

Royal Mail Sell-Off: Cable Says 'No Apology'Sky NewsAmyas Morse, head of the NAO, said: "The department was very keen to achieve its objective of selling Royal Mail, and was successful in getting the company listed on the FTSE 100. Its approach, however, was marked by deep caution, the price of …

The British government took a cautious approach in pricing the initial public offering of Royal Mail and thus failed to get the best deal for the taxpayer, the National Audit Office said on Tuesday. More: continued here