Royal Mail

euronews MPs: Taxpayer Short-Changed On Royal Mail SaleEagle RadioThe controversy over the £3.3bn privatisation of Royal Mail has erupted again as an influential group of MPs has criticised Vince Cable over his handling of the sale. In a coruscating report, the Business, Innovation and Skills (BIS) Select Committee …Royal Mail …

After Royal Mail, ministers might adjust their set on selling Channel 4The IndependentThe criticism levelled at Vince Cable over the botched Royal Mail flotation this week might have an unlikely consequence. No, it won't claim the Business Secretary's scalp because in a delicately balanced Coalition Cabinet, the Liberal Democrat is …

New York Times Parliament Committee Criticizes Handling of Royal Mail IPO in BritainNew York TimesLONDON – A Parliament committee sharply criticized the British government on Friday for its handling of the initial public offering of the Royal Mail, saying officials failed to maximize “value for money for the taxpayer.” In …

In a damning verdict, the Business Select Committee stated baldly that the Government lost out on as much as £1 billion. More: continued here

Royal Mail rip-off sale cost taxpayers £1bnRT (blog)Taxpayers may have lost 1 billion pounds from the undervaluing of Royal Mail shares following October's privatization, said a committee of MPs. Royal Mail shares were initially priced at 330p, but jumped as high as 618p per share, and now stand at … …

Cable accused of 'talking down' Royal MailThe IndependentLabour's Chuka Umunna launched an attack on Vince Cable last night, claiming the Business Secretary was deliberately “talking down” the value of Royal Mail in order to defend himself against the damning report by MPs on the “botched” privatisation of … More: continued …

Wall Street Journal (blog) Royal Mail Report Questions Investor RolesWall Street Journal (blog)It said that while it had no evidence of inappropriate behavior from the banks employed by the government to float Royal Mail, the Department for Business, Innovation and Skills should give “serious consideration to excluding any company involved …

UPDATE 1-UK lawmakers criticise government and advisers over Royal Mail saleReuters UKMinisters have staunchly defended the government's handling of the sell-off, which followed three failed attempts by previous administrations to privatise Royal Mail, saying they were cautious to reduce the risk of the launch being a flop in the face …

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, …

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 …