Hartlepool Mail Saga launches biggest share offering since Royal Mail as over-50s insurer and …This is Money… newspapers. The move will be the biggest shares sell-off since the controversial sale of the Royal Mail by the British government last October, when more than 700,000 people applied for shares in a flotation that initially valued the…
Scotsman (blog) Royal Mail'in a fragile state' says CableScotsman (blog)BUSINESS Secretary Vince Cable has insisted Royal Mail is still in a “fragile” state and was not sold off on the cheap, after he was described as relying on “Alice in Wonderland facts” to defend the privatisation. Mr Cable and his Conservative deputy … More: continued…
BBC News Miliband attacks 'grossly undervalued' Royal Mail saleFinancial TimesEd Miliband on Wednesday accused the prime minister of “ripping off the taxpayer” over the privatisation of Royal Mail. The Labour leader said the government had “grossly undervalued” the postal service: 60 per cent of the company was sold last October …Cameron and Miliband on Royal…
Can Royal Mail PLC (LON: RMG) move higher, or are the company's shares overvalued? More: continued here
The Independent Royal Mail float scandal: how hedge funds cleaned upThe IndependentAn analysis of Royal Mail's share register shows that Och-Ziff, an aggressive US-based hedge fund, had a holding of 10 million shares on 15 October, the day the company's shares started trading. A week later it had reduced its holding to 3.5 million ……
U.K. Ministers Say Royal Mail IPO Was Done at Right PriceBloombergU.K. Business Secretary Vince Cable and and his deputy, Michael Fallon, defended their handling of the initial public offering of Royal Mail Plc (RMG), which has risen more than 50 percent since its trading debut. “I haven't seen any evidence of the … More: continued…
Mirror.co.uk Vince Cable slammed for standing by ''ridiculous'' Royal Mail sell-off priceMirror.co.ukCoalition business chief Vince Cable and his Tory underling were blasted today after refusing to apologise for flogging off the Royal Mail at a “ridiculous” low price. Labour and Tory MPs on the Business Select Committee had challenged the Lib Dem … More: continued here
Telegraph.co.uk Royal Mail's shares were correctly priced, ministers claimTelegraph.co.ukRoyal Mail's shares were correctly priced at 330p each when it was privatised last year – despite their value doubling on the stock market weeks later, ministers have said. MPs on the Business committee tore into Business Secretary Vince Cable and his … More: continued here
The Business Secretary insists that Royal Mail was not sold on the cheap but admits that the Government may consider "different methods" other than an IPO for future privatisations. More: continued here
The Guardian Vince Cable rebuts claim government massively undervalued Royal MailThe GuardianVince Cable has continued to contest claims that the government significantly undervalued Royal Mail, costing taxpayers £750m on the day of the postal service was privatised in October. During questioning by MPs on Tuesday, the business secretary said … More: continued here