Royal Mail

CITY A.M. Royal Mail sale set for new probeCITY A.M.Myners and a panel of experts have been drafted in as the Business, Innovation and Skills (BIS) select committee prepares to publish a damning report into the Royal Mail sell-off, which argues that taxpayers were left shortchanged after shares in the …

TAXPAYERS have lost £1 billion in the "botched" sell-off of Royal Mail because the UK Government underestimated the demand for shares, according to a damning new report. More: continued here

Sell-off expert says Royal Mail sale delivered poor valueFinancial TimesThe intervention by David Parker, an emeritus professor at Cranfield University, comes as a committee of MPs said the government's fear of failure and poor quality advice led to taxpayers missing out on £1bn in last year's Royal Mail flotation. More: …

Taxpayers have lost £1 billion over the privatisation of Royal Mail because the Government underestimated demand for shares, a committee of MPs has reported. More: continued here

Lord Myners to review Royal Mail share sell-off fiascoThe IndependentThe announcement of the review by Mr Cable follows months of pressure amid accusations that the Royal Mail shares were sold off far too cheaply. The National Audit Office accused the Government of costing taxpayers £750m on the first day of …

Cable launches Royal Mail probeFundwebThe controversial sale of Royal Mail late last year has sparked a review of privatisations. Business secretary Vince Cable has tapped former City minister Lord Myners to undertake an informal review of the way the state sells down its assets … More: continued here

UK government launches review into Royal Mail IPOPost and ParcelCriticism also came because investors who had a “gentleman's agreement” with the government to hold on to their preferential allocations of shares, in order to provide Royal Mail with some stability, ended up selling their stakes within weeks in order … …

Cable bows to pressure over Royal Mail IPO probeInvestment WeekThe government sold 60% of Royal Mail at a float price of 330p in October, with the shares rising by 38% on the first day of trading and continuing to climb. This lead to accusations the government's advisers had priced the …

Cable asked Lord Myners to lead a review after ministers were accused of selling the postal service on the cheap and listening to bad advice from investment banks. More: continued here

Cable Orders Asset-Sale Review After Royal Mail CriticismBloombergU.K. Business Secretary Vince Cable ordered a review of how the government conducts privatizations, two days before a report that may criticize his handling of the sale of Royal Mail Plc. (RMG). Ministers have insisted, most recently before Parliament … More: continued here