Royal Mail shares soar above £5

Shares 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. More: continued here

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EBay outlook falls short; shares drop – CNBC.com

EBay outlook falls short; shares dropCNBC.comAnalysts had expected eBay to report earnings of 63 cents a share on revenue of $3.91 billion, according to Thomson Reuters. Mobile drove a significant portion of new user growth, Chief Executive John Donahoe said. Revenue from its PayPal unit … More: continued here

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Cable Hits Back At Royal Mail Sale Critics – Yahoo News UK

Cable Hits Back At Royal Mail Sale CriticsYahoo News UKVince Cable, the Business Secretary, has rebutted claims that he cost taxpayers hundreds of millions of pounds by undervaluing shares in Royal Mail, arguing that the price of the privatisation should be assessed only after the Government has sold its … …

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