UK auditor says Royal Mail was sold off cheaplyNew Zealand HeraldLONDON (AP) The British government cost taxpayers millions by selling off the Royal Mail at too low a price, the country's public-spending watchdog said Tuesday. The Conservative-led government sold a majority stake in the postal service last year … More: continued here
BBC News PMQs: Royal Mail sell-off and Labour manifesto claimBBC NewsEd Miliband claimed the sell-off of the Royal Mail was a "sale that nobody wanted and nobody voted for" as the party leaders clashed on the maths of the policy. But the prime minister hit back and claimed the opposition had been behind a similar…
The Guardian Cameron falsely claims Labour pledged to privatise Royal Mail in manifestoThe GuardianMiliband was scathing about the privatisation of Royal Mail after an NAO report earlier this week said the government's determination to sell it cost taxpayers £750m in one day alone. It said the business secretary, Vince Cable, pressed ahead with …Royal Mail…
Wigan Today Union anger as Royal Mail report criticises saleWigan TodayIt has now been revealed that 21 banks initially valued Royal Mail at well over the £3.3bn it eventually sold for, and almost half the share allocation of 16 “priority” investors – who the Government intended to have a long-term stake in the company …Govt…
Two standout factors supporting an investment in Royal Mail plc (LON: RMG) More: continued here
The Guardian Taxpayers and customers short-changed by Royal Mail sell-offThe GuardianIn the Royal Mail case (Undervaluing Royal Mail cost taxpayer £750m in one day, 1 April), the institution was going to be sold/privatised no matter what and the appropriate objective was to raise as much cash as possible for the public purse. The … More:…
'Botched' Royal Mail sell-off saw 16 'priority' investors cash in on share …This is MoneyThe government's privatisation of Royal Mail short-changed the taxpayer by £1billion it was revealed today in a damning report on the 'botched' floatation of the 500-year-old company on the London stock market. A group of institutional investors given … More: continued…
UK auditor says Royal Mail was sold off cheaplyBoston.comLONDON (AP) — The British government cost taxpayers millions by selling off the Royal Mail at too low a price, the country's public-spending watchdog said Tuesday. The Conservative-led government sold a majority stake in the postal service last year, … More: continued here
Royal Mail sell-off: 6 alternative ways to spend £750mThe GuardianThe UK government's sale of Royal Mail cost taxpayers £750m in a single day, according to the National Audit Office. Ignoring City experts who said the privatisation was severely undervalued, Vince Cable went ahead with a maximum price of 330p a share … More: continued here
Scotsman Comment: Weir bid plans | Royal MailScotsmanTHERE is little doubt that the UK government sold the Royal Mail cheaply. Whether it was a result of incompetence, caution or a deliberate move to allow ordinary retail investors to benefit from the subsequent rise in the share price is a matter for …Tuesday newspaper round-up: Weir…