Royal Mail row fails to dim IPO resurgenceFinancial TimesThe UK government's controversially priced privatisation of Royal Mail has thrown the spotlight on the London Stock Exchange's appetite for initial public offerings. London's momentum was maintained this week with the eagerly-awaited announcement that …and more » More: continued here
Read More »Royal Mail Stock Jumps 38% on First Trading Day After IPO
Royal Mail Group Ltd., Britain’s 360-year-old postal service, closed 38 percent higher on its trading debut, heightening criticism of an initial public offering that opposition politicians say was underpriced. More: continued here
Read More »Jim Armitage: There’s no froth on Royal Mail shares – taxpayers have been … – The Independent
Jim Armitage: There's no froth on Royal Mail shares – taxpayers have been …The IndependentOutlook Another day, another £380m added to the stock market value of the Royal Mail. Or, to put it another way, yesterday's rise in the shares to 537p means Royal Mail was sold for £2bn less …
Read More »Profits in the post: Will activist investor Chris Hohn stamp his authority on … – This is Money
Profits in the post: Will activist investor Chris Hohn stamp his authority on …This is MoneyThe hedge fund's accounts are complex, and the group has multiple subsidiaries and other entities. While the group that bought the Royal Mail shares is called The Children's Investment Fund Management (UK), payments to charities …
Read More »Watchdog to probe Royal Mail sale – Cambridge News
Watchdog to probe Royal Mail saleCambridge NewsThe NAO said: "Given the scale and significance of what has been the first public offering for many years of shares in a publicly owned company, the National Audit Office will be conducting a value for money examination of the privatisation of Royal… More: …
Read More »Royal Mail sell-off to be probed by National Audit Office – Financial Times
Royal Mail sell-off to be probed by National Audit OfficeFinancial TimesThe National Audit Office is to carry out a value for money examination of the Government's privatisation of the Royal Mail. The announcement from the spending watchdog came amid a continuing row over whether the postal company was sold off …
Read More »Watchdog to probe Royal Mail sale – Belfast Telegraph
Watchdog to probe Royal Mail saleBelfast TelegraphThe NAO said: "Given the scale and significance of what has been the first public offering for many years of shares in a publicly owned company, the National Audit Office will be conducting a value for money examination of the privatisation of Royal… More: …
Read More »Watchdog to probe Royal Mail sale – expressandstar.com
Watchdog to probe Royal Mail saleexpressandstar.comThe NAO said: "Given the scale and significance of what has been the first public offering for many years of shares in a publicly owned company, the National Audit Office will be conducting a value for money examination of the privatisation of Royal… More: continued …
Read More »Wednesday Papers: TCI stake stirs Royal Mail furore – Citywire.co.uk
Wednesday Papers: TCI stake stirs Royal Mail furoreCitywire.co.ukTop stories. Financial Times: The Children's Investment Fund, one of the world's most aggressive hedge fund activists, has taken a 5% stake in Royal Mail, fanning the flames of a political furore over whether the 500-year-old company was sold too cheaply. More: continued …
Read More »Activist hedge fund TCI takes big stake in Royal Mail – Reuters
Activist hedge fund TCI takes big stake in Royal MailReutersLONDON (Reuters) – A hedge fund with a reputation for aggressive campaigning to boost company performance has become the biggest shareholder in newly-privatised Royal Mail after the British government. The Children's Investment Fund has bought a … More: continued here
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