Royal Mail

The National Audit Office (NAO) said on Tuesday the government's cautious approach to last year's sell-off of state postal group Royal Mail had led to a sale price that had short-changed the taxpayer. The government's decision to sell a 60 percent stake in Royal Mail last October for 330 pence …

The Independent Royal Mail float: how banks broke promises and raked in a £323m fortuneThe IndependentThe full scale of how City banks short-changed taxpayers in the £3.3bn flotation of Royal Mail was laid bare last night as it emerged that big investors who were offered extra shares in a “gentleman's …

Public 'short changed' over Royal Mail saleITV News… changed' over Royal Mail sale. The National Audit Office has completed its independent assessment of the way in which the sale of Royal Mail was conducted and has come to the clear view that the government sold the company for less that …

Royal Mail shares were sold too cheaply and to the wrong investors, an investigation by the National Audit Office says         More: continued here

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, …

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

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

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

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 …

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