Telegraph.co.uk Royal Mail warns of job losses after privatisationTelegraph.co.ukThe MPs released the evidence ahead of grilling Vince Cable on the Government sell-off. The Business Secretary told the MPs Government brokers had been deluged with 700,000 applications for Royal Mail shares and that the retail offer was “six or seven … More: continued here
UPDATE 2-British public flock to Royal Mail share offerReutersLONDON Oct 9 (Reuters) – Britain's biggest privatisation in decades captured the imagination of the public, with 700,000 individuals applying for seven times the number of Royal Mail shares on offer to private investors. Despite the threat of strike …and more » More: continued here
Telegraph.co.uk Royal Mail investors still buying in grey market as Vince Cable prepares to be …Telegraph.co.ukSpreadbetting firm IG Index said demand for Royal Mail in the grey market was “just as strong” today as the record demand yesterday with investors betting that the shares will open far higher than the Government's estimates. Alistair McCraig, market…
Bloomberg Royal Mail's Nightmare: A Booming IPOBloombergThis week the deadline ended for investors to buy shares in the privatization of the U.K.'s Royal Mail, the 500-year-old postal service that even former Prime Minister Margaret Thatcher didn't dare sell. A public uproar might be in the cards as well …Privatised Royal Mail must not increase stamp…
Privatised Royal Mail shares are expected to be priced at 330p, the top of the range the government was hoping for. More: continued here
Royal Mail retail offer gets 700000 applicationsFinancial TimesVince Cable said on Wednesday there had been 700,000 individual retail applications for Royal Mail shares – which were seven times oversubscribed – and was confident they had been “priced in the right place”. Asked about the likely premium when the … More: continued here
British public flock to Royal Mail share offerReuters UKLONDON (Reuters) – Private investors have rushed to buy shares in Britain's Royal Mail, with the government estimating it had received 700,000 applications from members of the public for the country's largest and most controversial privatisation in … More: continued here
Daily Mail Why are City sharks allowed to make a killing on the Royal Mail while you and …Daily MailYet just three years from its 500th birthday, the Royal Mail is at the centre of a deeply controversial sell-off that could see speculators, hedge funds and City gamblers lining their pockets at the expense of…
The Independent Royal Mail flotation: MPs voice fresh concern over controversial privatisationThe IndependentMPs have voiced fresh concern that the Government's controversial privatisation of the Royal Mail will be “highly lucrative” for speculators, hedge funds and investment banks rather than the public. An Early Day Motion has been tabled in Parliament … More: continued here
The Guardian Royal Mail shares – what happens nextThe GuardianThe door closed on applications for Royal Mail shares at midnight on Tuesday. Early indications are that the offer may have been heavily over-subscribed, with big City and foreign institutions applying for more shares than are available, and … More: continued here