Royal Mail

Parliament's BIS committee lashes out at controversial privatisation of comms firm Royal Mail. More: continued here

MP: Signs of high demand 'before Royal Mail sale'ITV NewsThere were indications before the sell-off of Royal Mail began of demand "really taking off", according to the chair of the business, innovation and skills select committee. Labour's Adrian Bailey dismissed claims criticism of the sell-off was all in … More: …

The Business Select Committee blame bankers and ministers for a catalogue of misjudgements in the run up to the historic privatisation More: continued here

Britain's biggest privatisation in years was blighted by a fear of failure and poor advice from state-appointed banks. More: continued here

U.K. Taxpayers Shortchanged on Royal Mail Sale, Committee SaysBloomberg“Fear of failure and poor quality advice led to a significant underestimate of the demand for Royal Mail shares,” Chairman Adrian Bailey, an opposition Labour Party lawmaker, said in a statement. “The government's inclusion of Royal Mail's surplus … More: continued here

Royal Mail share price: Cable bows to pressure over group's IPOiNVEZZiNVEZZ.com, Thursday, July 10: UK Business Secretary Vince Cable has bowed to nine months of mounting pressure over the privatisation of Royal Mail (LON:RMG), ahead of a critical report on the group's initial public offering (IPO). The UK government is … …

Royal Mail sale errors 'cost £1bn'expressandstar.comCommittee chairman Adrian Bailey said: "It's not at all clear that the Government's sale of Royal Mail has brought an adequate and appropriate return for taxpayers. The basic facts are that the offer price was 330p per share, the price has risen as … More: …

Daily Mail MPs slam Vince Cable over botched Royal Mail sale that cost us £1bnDaily MailTaxpayers were robbed of £1billion in the flotation of Royal Mail, according to a damning report that piles the pressure on Vince Cable. In a withering analysis, the MPs' report accuses the embattled Business Secretary …

ITV News MPs claim Royal Mail sell-off cost taxpayers £1 billionITV NewsA Royal Mail postman. The Business Select Committee said taxpayers were missing out on 'significant value.' Credit: PA Wire. In a hard-hitting report, the Business Select Committee said taxpayers were missing out on "significant value." The advice … More: …

Mr Cable (pictured) is singled out the withering analysis for dismissing claims that the shares – which rocketed 38% on the first day – were undervalued as 'froth'. More: continued here