BBC News Report exposes ministers' chaotic handling of botched £1billion Royal Mail…Mirror.co.ukIn mid-2013, banks had estimated the Government could get up to 867p for Royal Mail shares, and just weeks before the sale it was still suggested they were worth 510p – even by banks connected to the deal. But, …
Read More »Royal Mail sale price 'too cautious'
The privatisation of Royal Mail did not achieve the best value for taxpayers because of the government's "deep caution", the National Audit Office says. More: continued here
Read More »Bottom Line: Royal Mail proves markets trump politics
ON ITS first day as a listed company in February, shares in AO.com rose by 33 per cent. Three weeks later, Poundland followed suit; jumping 23 per cent on its debut and making millionaires of several of … More: continued here
Read More »Mail sale caution 'cost taxpayer'
The Government could have achieved better value for the taxpayer through its controversial privatisation of Royal Mail, according to a new report which revealed that most investors given priority to buy shares, sold them shortly after making a profit. More: continued here
Read More »Government braced for damning report into Royal Mail privatisation that saw … – This is Money
Government braced for damning report into Royal Mail privatisation that saw …This is MoneyThe NAO is expected to add its own damning verdict of the Royal Mail privatisation to that of the Business, Innovation and Skills select committee of MPs, which has already conducted its own inquiry. In what is …
Read More »Watchdog Slams Royal Mail sale
THE GOVERNMENT was too cautious and massively undervalued Royal Mail at the expense of taxpayers, the spending watchdog has said today, in a highly critical report into the £3.3bn sale of the postal operator. … More: continued here
Read More »Royal Mail: Investors saw a profit and took it
The Royal Mail listed on the London Stock Exchange on the11th October 2013. In a sense the sale was a huge success – such was the stampede for a piece of the action that by the end of day the shares that the government had sold for 330 pence were …
Read More »Royal Mail float review to back Cable price view – CITY A.M.
Royal Mail float review to back Cable price viewCITY A.M.BUSINESS secretary Vince Cable was right to dismiss calls by some investment banks to value Royal Mail at billions of pounds more than the firm's eventual float price, the spending watchdog is expected to say this week. The National Audit Office …
Read More »Caution over Royal Mail sale
The Government could have achieved better value for the taxpayer through its controversial privatisation of Royal Mail, according to a new report which revealed that most investors given priority to buy shares, sold them shortly after making a profit. More: continued here
Read More »Royal Mail share price: NAO to deliver verdict on £3.4bn float – iNVEZZ
Royal Mail share price: NAO to deliver verdict on £3.4bn floatiNVEZZiNVEZZ.com, Monday, March 31: The UK's National Audit Office (NOA) will tomorrow publish the findings of its investigation into the government's privatisation of Royal Mail (LON:RMG) amid accusations that the postal operator was sold off too cheaply. More: continued here
Read More »