Telegraph.co.uk Royal Mail shares: taxpayers and small investors lost outTelegraph.co.ukMinisters justified that decision by arguing that institutional investors were more likely to hold the shares for a long period, ensuring stable ownership for Royal Mail. But the NAO found that most of the “priority” investors sold some or all of …
Read More »Caution over Royal Mail sale ‘cost taxpayer’ – ITV News
ITV News Caution over Royal Mail sale 'cost taxpayer'ITV NewsThe Government could have achieved better value for the taxpayer through its controversial privatisation of Royal Mail, according to a new report which revealed that most investors given priority to buy shares, sold them shortly after making a profit. More: continued …
Read More »NAO says Royal Mail sale short-changed taxpayer
The National Audit Office (NAO) said on Tuesday the government's cautious approach to last year's sell-off of state postal group Royal Mail had led to a sale price that had short-changed the taxpayer. The government's decision to sell a 60 percent stake in Royal Mail last October for 330 pence …
Read More »Royal Mail float: how banks broke promises and raked in a £323m fortune – The Independent
The Independent Royal Mail float: how banks broke promises and raked in a £323m fortuneThe IndependentThe full scale of how City banks short-changed taxpayers in the £3.3bn flotation of Royal Mail was laid bare last night as it emerged that big investors who were offered extra shares in a “gentleman's …
Read More »Public ‘short changed’ over Royal Mail sale – ITV News
Public 'short changed' over Royal Mail saleITV News… changed' over Royal Mail sale. The National Audit Office has completed its independent assessment of the way in which the sale of Royal Mail was conducted and has come to the clear view that the government sold the company for less that …
Read More »Royal Mail shares: taxpayers and small investors lost out
Royal Mail shares were sold too cheaply and to the wrong investors, an investigation by the National Audit Office says More: continued here
Read More »Report exposes ministers’ chaotic handling of botched £1billion Royal Mail … – Mirror.co.uk
BBC News Report exposes ministers' chaotic handling of botched £1billion Royal Mail…Mirror.co.ukIn mid-2013, banks had estimated the Government could get up to 867p for Royal Mail shares, and just weeks before the sale it was still suggested they were worth 510p – even by banks connected to the deal. But, …
Read More »Royal Mail sale price 'too cautious'
The privatisation of Royal Mail did not achieve the best value for taxpayers because of the government's "deep caution", the National Audit Office says. More: continued here
Read More »Bottom Line: Royal Mail proves markets trump politics
ON ITS first day as a listed company in February, shares in AO.com rose by 33 per cent. Three weeks later, Poundland followed suit; jumping 23 per cent on its debut and making millionaires of several of … More: continued here
Read More »Mail sale caution 'cost taxpayer'
The Government could have achieved better value for the taxpayer through its controversial privatisation of Royal Mail, according to a new report which revealed that most investors given priority to buy shares, sold them shortly after making a profit. More: continued here
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