Royal Mail

The Independent Vince Cable defends Royal Mail float price before MPs after profits doubleThe IndependentThe Business Secretary survived a grilling by MPs on the day that Royal Mail announced that its operating profits almost doubled to £283m for the six months to the end of September 29 from £144m a …

Did banks 'con' Cable over Royal Mail sale? Business minister tells MPs that …Daily MailBanks 'conned' ministers into setting the Royal Mail share price too low – causing the taxpayer to lose out on millions, MPs were told yesterday. They threatened to 'walk away' from the sale if the shares …

In the Royal Mail sell-off scandal, taxpayers have been robbed by the very …Daily MailThe Royal Mail, however, is an institution that has been at the centre of British national life since it was founded by Henry VIII in 1516. It proudly carries the word 'Royal' in its name and …

Telegraph.co.uk Cable: Royal Mail advisers won't get bonuses for 'years'Telegraph.co.ukVince Cable has said that the £4m bonus for banking advisers on the Royal Mail sale will be held for “months or years” to allow for judgement over the success of the historic privatisation. The Business Secretary told MPs that “no …

Royal Mail figures fuel privatisation rowFinancial TimesRoyal Mail will maintain steady revenue growth, its chief executive forecast, as the furore over whether the postal operator was sold too cheaply in last month's privatisation refused to die. The company's shares rose 6 per cent on Wednesday to 566p … More: continued …

Royal Mail Reports £283m First Half ProfitsSky NewsRoyal Mail has reported a near-doubling of operating profits to £283m for the first half of its financial year amid its controversial privatisation. In the wake of the sale of the 60% stake – which remains gripped by suggestions the taxpayer was short …

The maiden set of results as a listed entity for the postal group underline the long term investment case, says Questor More: continued here

The Guardian Royal Mail major shareholders to be asked if shares were too cheapThe GuardianRoyal Mail investors who bought large stakes in the postal service following its £3.3bn privatisation last month are to be asked by MPs why they have staked hundreds of millions of pounds on the view that …

The Guardian Royal Mail's flotation row: two unexplored questionsThe GuardianUnlike most flotations, where advisers tend to shout about their wondrous potential of their clients' business, the build-up to the sale of Royal Mail was all about the risks. Quarrelsome relations with the Communication Workers Union were mentioned … More: continued …

Royal Mail dividends set to tip £133 millionInteractive InvestorRoyal Mail (RMG) shares were up by nearly 6% on Wednesday morning after the postal service reported its first half-year results since listing. Revenue for the six months to 29 September was up 2% at £4.5 billion, compared with £4.3 billion a …