Royal Mail

Derbyshire Royal Mail staff handed £5m in sharesDerby TelegraphIt is the first national strike action at Royal Mail in almost four years and there are fears that the dispute could run on into the busy Christmas period after the union said it would not rule out further strikes. CWU deputy …

Royal Mail shares soar and break £5 barrierEvening StandardShares in Royal Mail have risen 50% above the offer valuation a week ago to hit more than £5 as Business Secretary Vince Cable admitted he was told before the float that the price could soar. The new high was reached as …

Royal Mail broke through the £5-a-share barrier today to trade at 507p – that is a handsome 54 per cent above their 330p launch price a week on from the float. More: continued here

IBTimes.co.uk Royal Mail Shares: Vince Cable Defends Goldman Sachs and UBS-Backed …IBTimes.co.ukBusiness Secretary Vince Cable has written to MPs defending the price at which Royal Mail shares were sold off just as they touched the 500p mark – a whopping 51% rise on the offer price. Under the government's share …

Royal Mail privatisation: Vince Cable admits for first time he could have sold …Mirror.co.ukMinisters rejected selling Royal Mail at higher price – as the taxpayer with left with a £1billion loss, it emerged today. Business Secretary Vince Cable admitted for the first time he considered flogging the Government's stake for …

Telegraph.co.uk Vince Cable says strike threat depressed Royal Mail float priceTelegraph.co.ukVince Cable has defended the pricing of the Royal Mail float, arguing that there was not enough demand from long-term investors to price it above the 330p issue price, in part because of the ongoing threat of industrial action. On …

Royal Mail Shares Hit 500p A Week After SaleSky NewsThe value of Royal Mail has soared by 50% a week after the Government sold shares in the company. Shares hit 500p on Friday, valuing the company at £5bn – up £1.7bn from the initial price offered last week. The new …

Shares in Royal Mail have risen 50% above the offer valuation a week ago to hit more than £5. More: continued here

Mirror.co.uk Brian Reade column Royal Mail sell-off is a first-class conMirror.co.ukWe've just witnessed a repeat of that con with the Royal Mail sell-off. It's been vastly undervalued (and had its £12billion pension black hole transferred to the taxpayer) to attract the world's biggest money men. Once all the little people's …

Royal Mail shares hit 500p, valuing the group up 50% at £5bn a week after shares in the company were sold by the Government. More: continued here