Royal Mail's privatisation left taxpayers short changed by £750 million as ministers were "too cautious" in their pricing of the business at just 330p-a-share, a hard-hitting official report has found. The National Audit Office, the government's public spending watchdog, said that the government's desire for a successful Royal Mail sale, by ensuring investors were not…
Herald Scotland Taxpayer paid price of Royal Mail share saleHerald ScotlandThe Government could have achieved better value for the taxpayer through its controversial privatisation of Royal Mail, according to a report published today that revealed most investors given priority to buy shares sold them shortly after making a profit. More: continued here
Royal Mail privatisation 'undersold the taxpayer'Public FinanceThe privatisation of Royal Mail report found the Department for Business, Innovation and Skills had set the share price conservatively to ensure the sale was completed, but lost out when shares subsequently rose substantially in initial trading. Royal… More: continued here
Residents of Manhattan’s Murray Hill would like to deliver a message to their neighborhood post office: Get your trucks off our streets. For weeks, streets near the Post Office’s East… More: continued here
Royal Mail sale left public 'short-changed'ITV News… sale left public 'short-changed'. The National Audit Office has completed its independent assessment of the way in which the sale of Royal Mail was conducted and has come to the clear view that the government sold the company for less that it was … More: continued here
What are your Royal Mail shares worth?Telegraph.co.ukWhat are your Royal Mail shares worth? Enter the value of your shares in Royal Mail to calculate their worth based on the current share price. By Telegraph interactive team. 7:00AM BST 31 Mar 2014. I bought my shares on the government website. How do I … More: continued here
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The Conservative-led government sold a majority stake in the postal service last year, putting the system under private control for the first time in its 500-year history. Audit Office chief Amyas Morse said the government's approach "was marked by deep caution, the price of which was borne by the taxpayer." The auditor also said 12…
Royal Mail Sell-Off 'Cost Taxpayer Millions'Sky NewsAmyas Morse, head of the NAO, said: "The department was very keen to achieve its objective of selling Royal Mail, and was successful in getting the company listed on the FTSE 100. Its approach, however, was marked by deep caution, the price of which … More: continued here
Royal Mail could have been sold for more but threat of strikes hampered value, minister says, as watchdog issues scathing report More: continued here