The Guardian Royal Mail PLC : UK Mail profit buoyed by jump in parcel delivery volumes4-traders (press release)(Reuters) – Parcel delivery company UK Mail Group Plc (>> UK Mail Group PLC) said pretax profit rose 63 percent in the first half as there were three extra working days in the period and higher deliveries of…
ITV News Banks quizzed on Royal Mail saleITV NewsBanks quizzed on Royal Mail sale. Bosses from six banks will appear before the Business Select Committee in Parliament today as controversy over the Royal Mail sale continues. Unions claim the taxpayer has lost hundreds of millions of pounds due to an … More: continued here
LONDON (Reuters) – UBS (VTX:UBSN), one of the banks which advised the British government on the sale of Royal Mail (RMG.L), on Wednesday placed a sell recommendation on its shares saying investors were … More: continued here
ITV News Royal Mail shares at 550p compared to initial 330pITV NewsRoyal Mail shares were prices at 550p each yesterday, up two thirds from the initial value. Credit: PA. Goldman Sachs and UBS were the investment banks that ran Royal Mail's flotation last month, while JP Morgan, Citibank and Deutsche Bank missed out … More:…
One of the investment banks that led the £3.3bn privatisation of Royal Mail (LSE: RMG.L – news) told clients to sell the postal operator's shares on Wednesday, arguing that the company was now over-valued. Sky News has obtained a research note issued by UBS (Xetra: UB0BL6 – news) , one of the lead bookrunners on…
One of the lead banks on the float of Britain's Royal Mail said the government could not have sold its stake in the postal firm at the price the shares are trading at now. On Wednesday bankers, including from UBS and Goldman Sachs which managed the initial public offering (IPO), were summoned before the Business…
Swiss bank UBS, which helped float Royal Mail, has said the postal service's valuation is too high ahead of a grilling by MPs More: continued here
The Guardian Questions over Royal Mail sale raise more for the Post OfficeThe GuardianTake Royal Mail. It's now a truism that it was undervalued. Shares sold for 330p are now selling at 550p – a total difference in market valuation of a stonking £2.2bn. That's money the taxpayer missed out on. But there are more…
UBS has told clients to 'sell' their shares in Royal Mail, saying the postal service is now over-valued. More: continued here
Mirror.co.uk Royal Mail bank UBS tells clients to sell 'overvalued' sharesTelegraph.co.ukUBS, one of the banks that ran the Royal Mail flotation, has told investors to offload shares in the postal service on the same day that advisers from the firm are due to appear before MPs investigating the share sale. Royal Mail has surged more…