International Business Times UK No 10 Struggles to Dampen Lazard Row in Royal Mail SaleInternational Business Times UKOne of the key government advisers accused by MPs of contributing to the massive underpricing of the Royal Mail share price at its sale, allowing so-called preferred investors to make a killing at taxpayers' expense, was the chief…
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
The Guardian Royal Mail sale sparked legitimate controversy, says Nick CleggThe GuardianNick Clegg has admitted there is legitimate controversy over the sale of Royal Mail and said it was right to have intense scrutiny over the deal overseen by the Lib Dem business secretary, Vince Cable. The deputy prime minister also said Cable had ……
Royal Mail sale a '£1bn rip-off' for taxpayersHerald ScotlandSTANDARD Life, billionaire George Soros and the Abu Dhabi Investment Authority were among the 16 investors given preferential treatment in the controversial Royal Mail privatisation, the Coalition has revealed, as Labour accused it of a £1 billion … More: continued here
Pensions & Investments Royal Mail Group reports highest funded pension plan of FTSE 100 companiesPensions & InvestmentsThe Royal Mail Group, London, had the best-funded pension fund of all FTSE 100 companies as of Dec. 31, at 133%, according to research by JLT Employee Benefits. The consultant analyzed the funding position of FTSE 100 companies' defined…
Morning papers: MPs slam adviser over £8m Royal Mail profitFT AdviserThe investment arm of the government's independent adviser on the privatisation of Royal Mail made an £8m profit selling shares in the company during the first week of trading, the Financial Times revealed. Lazard's bankers faced criticism from MPs … More: continued here
Pressure mounts on Vince Cable over Royal Mail floatEvening StandardPressure on business secretary Vince Cable has ratcheted up as the names of more hedge funds which invested in the Royal Mail's floatation have been unmasked and further pressure exerted by MPs. After resisting months of pressure to name the 16 … More: continued here
Britain names "priority investors" in Royal Mail privatisationReutersLONDON, April 30 (Reuters) – Britain listed on Wednesday sixteen "priority investors" in the Royal Mail privatisation that a government watchdog says were given preferential treatment in a share sale which lawmakers say was mishandled. The investors … More: continued here
What Dividend Hunters Need To Know About Royal Mail PLCThe Motley Fool UKRoyal Mail has hit the headlines again in recent days, with business secretary Vince Cable hauled in by MPs to once again answer allegations that the firm was vastly-undervalued when shorn off by the government back in October. But I believe that …and…
Earnings should grow rapidly at Royal Mail PLC (LON: RMG) over the next two years. More: continued here