The Guardian Five lessons Vince Cable must learn from the sale of Royal MailThe GuardianBut following this week's revelations that Lazard, one of the City banks advising the government on how to price Royal Mail shares, got privileged access to buy 6m of them which it promptly sold for an £8m profit, there are five…
The Independent Tory MP Sir John Stanley works as consultant to top investor in Royal Mail floatThe IndependentThe Royal Mail flotation has proved hugely controversial after the shares soared by 38 per cent on their first day of trading – netting millions for a select group of City investors, including hedge funds, while thousands of…
Royal Mail PLC Profits Set To Soar By 70%The Motley Fool UKIt was argued by many that shares in Royal Mail (LSE: RMG) were sold off too cheaply — and the rapid share price rise to 526p does tend to support the claim. But that's in the past now, and the question is whether there…
Center for Research on Globalization Privatization of UK's Royal Mail– Goldman Sachs and UBS Gave “Priority …Center for Research on GlobalizationThe Bureau reveals the shareholders given priority status in the controversial Royal Mail flotation. (Image: Royal Mail via shutterstock.com). Hundreds of City institutions registered interest in Royal Mail shares in the run up to one…
Bad smell lingers around Royal Mail share saleFinancial Times… lingers around Royal Mail share sale. From Mr James Anderson. Sir, The news that Lazard Asset Management made a profit of £8m for its clients, by selling shares in the privatisation of Royal Mail during the first week of trading, is not in itself a ……
A large portion of Royal Mail shares did not go to long-term investors but ended up in the hands of speculators and Middle Eastern potentates. More: continued here
Mark Leftly: How battling Binley put his stamp on the Royal Mail sell-off …The IndependentAccording to the script, Adrian Bailey and Margaret Hodge played the leading roles for the parliamentary inquisition into the farce that is the privatisation of the Royal Mail. As chairmen of the business and public accounts committees respectively … More: continued…
The Independent The truth of the Royal Mail sell-off? The taxpayer was taken for a rideThe IndependentFor some reason – I can't think why – this memory entered my head when I contemplated the recent Royal Mail share offering. We now know that 16 investors had preferential treatment in last October's privatisation. They were given…
Daily Mail How big investors off-loaded Royal Mail shares within weeksDaily MailThe majority of firms that were given 'priority' Royal Mail shares cashed in their holdings within weeks, it has emerged. Twelve out of 16 took the chance to profit early from the controversial privatisation – even though ministers claimed they were … More: continued…
The Independent Vince Cable orders investigation into how Government releases shares in wake …The IndependentThe Business Secretary wants to learn lessons from the affair, which provoked criticism that the taxpayer lost around £1 billion. Royal Mail shares soared in value after the sale and “priority” City investors chosen to bring long-term stability to the ……