Banker Defends £9.5bn Royal Mail ValuationSky NewsThe investment bank which proposed a near-£10bn valuation for Royal Mail defended its approach on Wednesday, saying it had not had access to inside information and had taken a bullish view of the company's prospects. Appearing in front of the Business, … More: continued here
The Guardian UPDATE 3-Royal Mail bankers reject claims sale price was too lowReutersLONDON, Nov 20 (Reuters) – Goldman Sachs and UBS bankers said Britain could not have sold the Royal Mail postal service at its current higher price, rejecting accusations that one of the biggest privatisations in years had short-changed taxpayers. The …Royal Mail IPO's…
Independent Online Royal Mail advisers defend sale priceIndependent OnlineLondon – Advisers on the British government's privatisation of Royal Mail said the postal service could not have been sold at its current price, rejecting accusations that one of the biggest state sell-offs in years was done on the cheap. On Wednesday … More: continued here
The Guardian Sell Royal Mail, Urges Bank That Led DealSky NewsSky News has obtained a research note issued by UBS, one of the lead bookrunners on last month's deal, in which analysts set a share price target for Royal Mail of 450p, roughly 20% below the level at which the shares closed yesterday, but more…
The Royal Mail's controversial privatisation has ended up costing the taxpayers money, a Tory MP has warned, as it was undervalued by the banks before it entered the stock market. Brian Binley, Tory member of the Business select committee, accused Goldman Sachs and UBS, the banks which advised the government on valuing Royal Mail at…
Royal Mail should benefit from numerous tailwinds, but its 68 per cent share price gain since listing fully reflects this, say analysts. More: continued here
By Neil Maidment and Kylie MacLellan LONDON (Reuters) – Advisers on the British government's privatisation of Royal Mail said the postal service could not have been sold at its current … More: continued here
Royal Mail float adviser UBS says 'sell' postal firm's sharesReutersLONDON Nov 20 (Reuters) – UBS, one of the banks which advised the British government on the sale of Royal Mail , on Wednesday placed a sell recommendation on its shares saying investors were too optimistic about future margins. Royal Mail's share … More: continued here
* Goldman Sachs & UBS among banks put before lawmakers * Royal Mail shares up as much as 80 pct since float * Advisors had considered raising offer price range LONDON, Nov 20 (Reuters) – Goldman Sachs and UBS bankers on Wednesday insisted Britain could not have sold the Royal Mail postal service at its…
Watch live: MPs quiz bankers on Royal Mail valuations before the flotationTelegraph.co.ukHaving been priced at 330p the night before its flotation, following months of marketing to investors, Royal Mail shares opened at 450p and later climbed as high as 459.75p as more than 100m shares – 20pc of those sold – changed hands within the…