Is this stock the next Royal Mail?FE TrustnetMerlin Entertainments, owner of the London Eye and other attractions, is set to be the first stock to float following the successful Royal Mail IPO which made a lot of private investors very happy. The company has said it will produce a prospectus …
Read More »Royal Mail shares worth 570p, says Panmure Gordon’s Zonneveld – Proactive Investors UK
Royal Mail shares worth 570p, says Panmure Gordon's ZonneveldProactive Investors UKIn a note entitled 'First class delivery', Panmure Gordon analyst Gert Zonneveld, whose claims that Royal Mail was being sold off on the cheap were dismissed by Business Secretary Vince Cable, said there is still some headroom for the share …
Read More »New questions asked of Royal Mail sale price – CITY A.M.
New questions asked of Royal Mail sale priceCITY A.M.THE CONTROVERSY over the sale of Royal Mail erupted again yesterday when Sky News reported that JP Morgan had valued the company as highly as £9bn as part of a pitch to advise on the transaction. JP Morgan, which did not get …
Read More »Royal Mail share price: National Audit Office to probe sell-off – iNVEZZ
Royal Mail share price: National Audit Office to probe sell-offiNVEZZiNVEZZ.com, Thursday, October 24th: The National Audit Office (NAO) will look into the government's controversial privatisation of Royal Mail (LOM:RMG) amid claims the 497-old postal services firm was sold off too cheaply to attract City investors who … More: continued here
Read More »Royal Mail Shares Surge in Debut – New York Times (blog)
New York Times (blog) Royal Mail Shares Surge in DebutNew York Times (blog)LONDON – Shares of Royal Mail rose 38 percent on their first day of trading on the London Stock Exchange on Friday, adding to criticism from some policy makers that the government sold a majority of Britain's main …
Read More »Why did JP Morgan think Royal Mail’s value could be £10bn? Let’s find out – The Guardian
The Guardian Why did JP Morgan think Royal Mail's value could be £10bn? Let's find outThe GuardianEven so, the £10bn that JP Morgan thought Royal Mail could be worth deserves further investigation. One has to deduct Royal Mail's borrowings to get a true comparison with the £3.3bn at which the …
Read More »The Royal Mail’s Underground Rail Network May Be Reopening – Gizmodo UK
Gizmodo UK The Royal Mail's Underground Rail Network May Be ReopeningGizmodo UKOne of London's best-kept secrets is that there's a second Tube system, formally operated by Royal Mail but now left to ruin, lying abandoned underneath the capital. However, it might not remain secret much longer — the Post Office …
Read More »Royal Mail float leads London IPO revival – Financial Times
Royal Mail float leads London IPO revivalFinancial TimesBritain's recovery story is gathering momentum. The privatisation of postal operator Royal Mail– whose shares have soared in the days since its debut – is the biggest in a string of flotations that have put the London Stock Exchange at the centre of …
Read More »Royal Mail was worth £10bn, said JP Morgan. It sold for £6bn less – The Guardian
The Guardian Royal Mail was worth £10bn, said JP Morgan. It sold for £6bn lessThe GuardianOne of the world's largest investment banks told ministers ahead of the Royal Mail flotation that they could sell the postal business for £10bn, around two and a half times more than the government finally …
Read More »Royal Mail May Have Been Undervalued
JPMorgan told the Government earlier this year that it believed Royal Mail could be worth up to £10bn, including its debts, ahead of the postal operator's privatisation. Sky News has learnt that corporate … More: continued here
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