Royal Mail

Taxpayers lost £750 million in the privatisation of Royal Mail as "deep caution" by the government led to shares being underpriced at their initial offering, the National Audit Office (NAO) said Tuesday. The spending watchdog suggested that the 330p sale price at last October's offering was too low — they …

The National Audit Office said 'better value' could have been achieved for the taxpayer from the sale of the postal service, which is now worth £5.5billion. More: continued here

Fleeced over Royal Mail sale? They're bankers. What did we expect?The IndependentTo sell a £1.7bn stake in the Royal Mail, the Government had to hire an investment bank to recommend seven investment banks to persuade other investment banks to buy the shares. These same bankers and their fund-manager peers deal …

Broker spotlight: Royal Mail, Phoenix Group, Arm, Reckitt Benckiser, Accesso …Proactive Investors UKLife insurer shares were hit hard on Friday after the leak of a FCA investigation into closed books on products sold before 2000. The probe will look at “rip-off” exit charges on pensions and investments, poor service and …

A request for a bronze postbox to honour Olympic medallist Jenny Jones is turned down by the Royal Mail. More: continued here

Royal Mail cuts 1300 jobsTimes of MaltaJust five months after its privatisation, Britain's Royal Mail postal service has announced plans to cut a net 1,300 jobs to reduce costs, prompting a threat of industrial action from a trade union. Sold off last October in Britain's biggest …and more » More: continued …

Reports that Royal Mail sold off at huge lossSNP (press release)There are fresh reports in The Times today that taxpayers may be over £1 billion worse off as a result of the UK government's decision to sell-off Royal Mail well below City banks' estimates. It is possible that as early …

The NAO will give its verdict on the £1.32billion stock market flotation of the 500 year old institution tomorrow. More: continued here

Royal Mail plc price hike means SMEs could be spending 50% more on delivery …SMEwebSmall businesses dependent on parcel delivery to UK customers could be spending on average 50 per cent more than necessary on delivery charges in the wake of Royal Mail plc's (LON:RMG) price increases taking effect today …

CITY A.M. (blog) Royal Mail veteran Allan Leighton announced as chair of Peppa Pig ownerCITY A.M. (blog)Allan Leighton, chief executive of jewellery company Pandora and former chairman of Royal Mail, has been appointed chairman of Entertainment One, the owner and licence holder of popular children's TV programme Peppa Pig. Leighton …