Retail investors who bought in at 330p and were allocated 227 shares each – costing £749.10 – would have made profits of £351.85 by selling on day one. More: continued here
Read More »Royal Mail sets aside £18m for French fine and legal fees – The Guardian
The Guardian Royal Mail sets aside £18m for French fine and legal feesThe GuardianRoyal Mail announced in July that its subsidiaries had received a notice from the French competition authority alleging breaches of competition laws as part of a wider investigation into the parcel delivery industry in France. The British …
Read More »Royal Mail shares: sell, hold or buy? – Hargreaves Lansdown
Royal Mail shares: sell, hold or buy?Hargreaves LansdownIt is a year since the UK government sold a 60% stake in Royal Mail through an Initial Public Offering on the London Stock Exchange. More than 700,000 members of the public bought shares at a launch price of £3.30. The price soared …
Read More »What you really think of Royal Mail shares – Interactive Investor
Interactive Investor What you really think of Royal Mail sharesInteractive InvestorIt's hard to believe that a year has passed since the controversial Royal Mail (RMG) IPO. In that time shares in the letters and parcels giant have soared and fallen. But, crucially, they remain significantly higher than the 330p float …
Read More »Royal Mail: Buy, hold or sell – Interactive Investor
Royal Mail: Buy, hold or sellInteractive InvestorWhether it's a missing letter, late post, or a lost parcel, everyone has an opinion on Royal Mail (RMG). Since October last year, the financial community has, too. So we've pulled together the views of some of the City's most-respected fund managers … More: …
Read More »Royal Mail share price rises as company earmarks £18m for French fine – CITY A.M.
CITY A.M. Royal Mail share price rises as company earmarks £18m for French fineCITY A.M.Royal Mail has earmarked £18m to pay a fine to French competition authorities, over claims one of its subsidiaries breached antitrust laws. The postal group's subsidiary GLS France is currently being investigated over activities dating back …
Read More »Royal Mail's privatisation branded a 'disgrace' by union leaders one year on
Union leaders have branded Royal Mail’s privatisation a “national disgrace” – one year on. The postal giant floated on the stock market 12 months ago. More: continued here
Read More »Royal Mail settles over French probe – Western Daily Press
Royal Mail settles over French probeWestern Daily PressRoyal Mail is poised to pay a fine of around £12 million after it reached a settlement with competition authorities investigating its loss-making French parcels operations. The group said it had set aside a total of £18 million to include its legal … …
Read More »Royal Mail share price wavers as £18m deal over French fine is struck – CITY A.M.
Royal Mail share price wavers as £18m deal over French fine is struckCITY A.M.In a statement yesterday, Royal Mail said it now expected the fine it faced to be reduced, following the offer to settle before the case concluded. The fine was likely to be announced in the second half …
Read More »Royal Mail IPO share price: One year on – will Vince Cable have the last laugh? – CITY A.M.
CITY A.M. Royal Mail IPO share price: One year on – will Vince Cable have the last laugh?CITY A.M.The pressure on business secretary Vince Cable to admit that the government made a mistake pricing Royal Mail shares at 330p has been steadily building since the company floated a year ago. …
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