Vince Cable defends Royal Mail sale price to MPsBBC NewsThe Business Secretary Vince Cable has rejected claims that the UK government sold off Royal Mail too cheaply. Mr Cable was questioned by the House of Commons Business Committee over whether the government could have achieved better value for … More: continued here
EBay Posts First-Quarter Loss Tied to Tax on Foreign ProfitNew York TimesEBay reported a first-quarter loss on Tuesday as a result of a large tax charge on foreign earnings, but its revenue rose in part because of its thriving PayPal payments business. PayPal, which eBay bought for $1.3 billion in late 2002, is now growing…
INSIDE: The text of a letter from the U.S. Postal Service to the City of Eau Claire, announcing its plan. More: continued here
Royal Mail's "priority investors", who were given privileged access to shares in the controversial stock market flotation last October, have finally been revealed by Vince Cable . The business secretary revealed the names of the 16 shareholders, who were selected by Cable for their "long-term investor potential' and given large allotments, as pressure builds about…
The Independent Lazard Asset Management was a Royal Mail priority investor and made £8m …Bureau of Investigative JournalismInvestment arm of the government's adviser in controversial float of Royal Mail was given priority status. (Image: Royal Mail via shutterstock.com). Lazard Asset Management (LAM), the investment arm of the government's independent adviser on the …Royal Mail'priority investors' revealedFinancial…
Royal Mail: did the government and bankers short-change Britain by £750m?Bureau of Investigative JournalismQuestions are being asked about the government's float of the Royal Mail. (Image: The Royal Mail via Shutterstock.com). In a City career spanning more than 50 years, it takes something quite exceptional to shock veteran Square Mile commentator David … More: continued…
Vince Cable vows 'no apology' over Royal Mail saleTelegraph.co.ukVince Cable has insisted there will be “absolutely no apology” from the Government over the privatisation of Royal Mail despite accusations from MPs that the delivery company was sold at a “ridiculous” price. The Business Secretary repeatedly told MPs … More: continued here
One of the financial firms advising the government on its sale of Royal Mail – which it has been accused of undervaluing – was a priority investor given special preference in the privatisation, it is claimed. Lazard & Co helped the UK government to set its 330p offer price for Royal Mail's flotation onto the…
British Parliament Berates Officials on Royal Mail IPONew York TimesIn the case of Britain's Royal Mail, it is the company's soaring value that has ignited outrage. At a testy hearing in front of a parliamentary committee on Tuesday, Vince Cable, the British business secretary, faced a fresh grilling over how the Royal… More: continued here
Telegraph.co.uk Royal Mail'priority investors' revealedFinancial TimesVince Cable on Wednesday published the names of 16 “priority investors” in Royal Mail as the government came under renewed criticism over last autumn's privatisation of the postal operator. The business secretary had previously refused to name the …Lazard Asset Management was a Royal Mail priority investor and made £8m …Bureau…