Breitbart News Royal Mail'Was Sold Off Too Cheaply' Says Committee of MPsBreitbart NewsThe privatisation of Britain's Royal Mail was blighted by a fear of failure and poor advice from banks, a committee of MPs has said. The UK's formerly state-run postal service was sold for £2bn in October last year, priced at 330 pence a…
The Guardian The Guardian view on how Royal Mail was sold on the cheapThe GuardianA committee of MPs has run its ruler over the numbers and reached a conclusion on the Royal Mail sale – "the department underestimated the market value". In other words, a cheque that should have been written out to the taxpayer…
BBC News Fear of failure stalked the Royal Mail saleBBC NewsMars and Venus provide a useful planetary prism through which to view the latest salvo of allegations about the Royal Mail float price. What is clear is that the initial offer price of 330p was certainly low. Any number that "pops" – goes up –…
Press TV Royal Mail sale errors cost £1bn: ReportPress TVThe committee said that a number of priority investors bought the shares "cheaply and sold quickly” at a profit and called for the government to release a list of the preferred investors and information on which investors sold their shares of Royal Mail. More: continued here
A committee said that government officials underestimated the potential market value of the Royal Mail when it was privatized in October and relied too heavily on the judgment of outside advisers. More: continued here
Vince Cable defends Royal Mail sell-offTelegraph.co.ukBritish taxpayers missed out on “significant value” in the sale of Royal Mail Plc as the government's fear of failure meant the shares were floated at too low a price, an all-party panel of lawmakers said. The advice the government received on the sale … More: continued here
Royal Mail float undervalued by one thirdBusiness SpectatorThe float of Britain's Royal Mail last year undervalued the group by around £250 million – a third of its value — according to a strongly-worded report from the country's National Audit Office. The report on the £750m October IPO, tabled this week … More: continued here
UK lawmakers criticise government and advisers over Royal Mail saleRTE.ieBritain's biggest privatisation in years was blighted by a fear of failure and poor advice from state-appointed banks. This is according to a committee of lawmakers after an inquiry into the £2 billion sale of Royal Mail. Britain sold a 60% stake in … More: continued…
By William James LONDON (Reuters) – Britain's biggest privatisation in years was blighted by a fear of failure and poor advice from state-appointed banks, a committee of lawmakers said on Friday following an inquiry into the 2 billion pound sale of Royal Mail. Britain sold a 60 percent stake in the postal service at 330…
Taxpayers lost out on £1bn as Government undervalued Royal Mail in botched …This is MoneyRoyal Mail was privatised in October when the Government sold 60 per cent of its holding at 330p a share, but they rose as high as 618p per share and closed trade yesterday at around 473p – valuing Royal Mail at…