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 …
Read More »Royal Mail sale a ‘£1bn rip-off’ for taxpayers – Herald Scotland
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
Read More »Royal Mail Group reports highest funded pension plan of FTSE 100 companies – Pensions & Investments
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 …
Read More »Morning papers: MPs slam adviser over £8m Royal Mail profit – FT Adviser
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 … …
Read More »Pressure mounts on Vince Cable over Royal Mail float – Evening Standard
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 … …
Read More »Britain names “priority investors” in Royal Mail privatisation – Reuters
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
Read More »What Dividend Hunters Need To Know About Royal Mail PLC – The Motley Fool UK
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. …
Read More »Royal Mail PLC Profits Set To Soar By 70%
Earnings should grow rapidly at Royal Mail PLC (LON: RMG) over the next two years. More: continued here
Read More »Lazard, firm that advised Royal Mail sell-off, made £8m from shares – Daily Mail
Daily Mail Lazard, firm that advised Royal Mail sell-off, made £8m from sharesDaily MailLAM bought and sold them all within days and made an instant profit of £8million for its clients – making a mockery of Business Secretary Vince Cable's insistence that Royal Mail shares should only be sold to …
Read More »Royal Mail Sale Adviser Lazard ‘Given Priority Investor Status for Shares’ – International Business Times UK
International Business Times UK Royal Mail Sale Adviser Lazard 'Given Priority Investor Status for Shares'International Business Times UKOne of the financial firms advising the government on its sale of Royal Mail– which it has been accused of undervaluing – was a priority investor given special preference in the privatisation, it …
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